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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Retail space
1000 Homann SE Dr Lacey, WA 98503
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0118708
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
WOOD FRAME
Total area
4,464 SF
Lot
0.37 ac (16,117 SF)
APN
5525-00-07800
UPID
US90-0118708
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
$830k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Tk 1 Investments LLC · 18 yrs held
Tk 1 Investments LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lacey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lacey 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%
$900,000
6.5%
$830,000
7%
$770,000
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$165 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,911
Tax year 2024
Assessed value
$1,037,700
Assessed 2023
Previous assessed
$1,166,300
-11.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$422,400
Assessed improvement
$615,300
Land market value
$422,400
Improvement market value
$615,300
Total market value
$1,037,700
Applied tax rate
241.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
4,464 SF
Lot
0.37 ac (16,117 SF)
APN
5525-00-07800
UPID
US90-0118708
Jurisdiction
THURSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Tk 1 Investments LLC
Entity
Free & Clear · 18 yrs held
Mailing address
855 TROSPER RD SW STE #108, TUMWATER, WA 98512-8108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2021
—
Tk1 Investments LLC
—
Deed
related
$1,759,000 · Washington Federal NA
Sep 25, 2017
—
Tk1 Investments LLC
—
Grant Deed
related
$1,715,000 · Americas Cu
Jan 28, 2008
—
Tk 1 Investments LLC
Kevin Turner Inv Props LLC
Quit Claim Deed
related
—
Feb 25, 2004
—
Kevin Turner Invest Propertie
Turner,kevin J
Quit Claim Deed
related
$1,460,000 · Venture Bank
Sep 21, 2001
$250,000
Kevin Turner Investment Proper
Sandifer,leamon C & Mary R
Grant Deed
$320,000 · First Community Bank Washingto
—
—
Kevin Turner Investment Proper
—
Deed Of Trust
related
$40,000 · F A & Suzanne Johnson
—
—
Tk1 Investments LLC
—
Deed Of Trust
related
$235,000 · Office LLC
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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