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Property profile & analytics
OFF-MARKET
Estimated value
$5,970,000
Industrial properties
Westport, WA 98595
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-2306158
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
70,260 SF
Lot
12.04 ac (524,462 SF)
APN
616120114008
UPID
US90-2306158
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.97M
Owner & transaction history
Westport LLC · 12 yrs held
Westport LLC
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.2M
+62.1%
Medical building
$8.7M
+53.6%
Auto repair, garage
$8.2M
+44.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,240,000
6.5%
$6,685,000
7%
$6,210,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,675,000
Current use
COMMERCIAL (GENERAL)
$9,205,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$8,720,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,225,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$5.97M
Range $5.37M – $6.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$124,187
Tax year 2023
Assessed value
$13,107,156
Assessed 2022
Previous assessed
$12,696,676
+3.2% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,311,156
Assessed improvement
$11,796,000
Land market value
$1,311,156
Improvement market value
$11,796,000
Total market value
$13,107,156
Applied tax rate
172.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Stories
1
Total area
70,260 SF
Lot
12.04 ac (524,462 SF)
APN
616120114008
UPID
US90-2306158
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$8.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
12.04 ac
Current owner
From public records · entity-resolved
Westport LLC
Entity
Mailing address
16201 E MAIN ST, CUT OFF, LA 70345-3804
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2019
—
Westport LLC
—
Grant Deed
related
$25,000,000 · Bom Bk
Aug 15, 2016
—
Westport LLC
—
Deed
related
$30,000,000 · Regions Bank
Jun 11, 2014
$11,885,501
Westport LLC
Westport Shipyard INC
Grant Deed
$20,000,000 · Westport Shipyard INC
May 16, 2014
—
Westport Shipyard INC
Rust Leasing Co
Quit Claim Deed
related
—
Jan 24, 2011
—
Westport Shipyard INC
—
Deed Of Trust
related
$100,000,000 · Pacific Marine Logistics INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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