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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Office Spaces
1102 88th SE Ave, Tumwater, WA 98501-5759
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1449732
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Construction
WOOD FRAME
Total area
9,600 SF
Lot
2.09 ac (91,040 SF)
APN
1271-41-40205
UPID
US90-1449732
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
$580k
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$940k
Owner & transaction history
Northwest Self Storage II LLC · 13 yrs held
Northwest Self Storage II LLC
since 2013
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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
$580,000
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,125,000
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$98 / 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
$35,336
Tax year 2023
Assessed value
$3,627,200
Assessed 2022
Previous assessed
$1,851,200
+95.9% YoY
Effective rate
0.97%
On assessed value
Assessed land
$567,000
Assessed improvement
$3,060,200
Land market value
$567,000
Improvement market value
$3,060,200
Total market value
$3,627,200
Applied tax rate
440.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2002
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
WALL UNIT
Stories
1
Total area
9,600 SF
Lot
2.09 ac (91,040 SF)
APN
1271-41-40205
UPID
US90-1449732
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
2002
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Northwest Self Storage II LLC
Entity
Mailing address
8745 MARTIN WAY E, LACEY, WA 98516-5813
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2018
—
Northwest Self Storage II LLC
—
Deed
related
$480,000 · Americas Cu
Jun 18, 2013
—
Northwest Self Storage II LLC
Bosler Mini Storage LLC
Quit Claim Deed
related
$550,000 · Anchor Bank
Feb 9, 2007
—
Boslers Mini Storage LLC
Elliott,tom W & Opal J
Warranty Deed
—
Aug 22, 2003
—
Thurston County (wa)
Boslers Mini Storage LLC
Quit Claim Deed
related
—
Jun 29, 2000
$165,000
Bosler's Mini Storage LLC
Elliott,tom W & Opal J
Grant Deed
$115,000 · Seller
—
—
Tom W Elliott
—
Deed Of Trust
related
$34,226 · O Bee Cu
—
—
Boslers Mini Storage LLC
—
Deed Of Trust
related
$736,031 · College Terrace INC
—
—
Northwest Self Storage II LLC
—
Deed Of Trust
related
$480,000 · Americas Cu
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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