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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Parking lots & garages
110 5th St La Center, WA 98629-5432
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1461377
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1999
Total area
1,236 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C-1 : LAC
APN
063704-000
UPID
US90-1461377
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
$1.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Tis Loq 318 LLC · 3 yrs held
Tis Loq 318 LLC
since 2023
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
C-1 : LAC · La Center, WA
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 La Center submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Center 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
$1,620,000
ML approach
$1,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10% · vs last sale $2.19M (May 17 2023)
Last sale anchor
$2.19M
May 17 2023
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
$1,541 / 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
$722
Tax year 2023
Assessed value
$80,465
Assessed 2023
Previous assessed
$73,150
+10.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$72,600
Assessed improvement
$7,865
Land market value
$72,600
Improvement market value
$7,865
Total market value
$80,465
Applied tax rate
10,068.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Bathrooms
1
Total area
1,236 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C-1 : LAC
APN
063704-000
UPID
US90-1461377
Jurisdiction
CLARK
Zoning & alternative use
C-1 : LAC · La Center, WAZoning C-1 : LAC · permitted uses
C-1 : LAC · La Center, WA
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
1999
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Tis Loq 318 LLC
Entity
Mailing address
111 S 3RD ST, RENTON, WA 98057-2032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
May 17, 2023
$2,190,000
Tis Loq 318 LLC
Michels Development LLC
Special Warranty Deed
—
Apr 11, 2012
—
Michels Dev LLC
—
Deed Of Trust
related
$2,000,000 · American Bank
Sep 22, 1998
$150,000
Michels Development LLC
Newcomb,ivan & Carol
Grant Deed
—
Sep 11, 1996
$99,000
Ivan L Newcomb
La Center Land INC
Grant Deed
$79,200 · Accubanc Mortgage Corp
Feb 23, 1988
—
Darrell Lee
Unknown
Grant Deed
related
—
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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