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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1105 Marvin NE Rd Lacey, WA 98516-4700
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0678679
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1988
Construction
STEEL FRAME
Total area
682 SF
Lot
0.84 ac (36,590 SF)
APN
6542-00-00300
UPID
US90-0678679
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bp Roducts North America INC · 1 yrs held
Bp Roducts North America INC
since 2024
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$25,286
Tax year 2024
Assessed value
$2,649,000
Assessed 2023
Previous assessed
$3,967,700
-33.2% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,266,700
Assessed improvement
$1,382,300
Land market value
$1,266,700
Improvement market value
$1,382,300
Total market value
$2,649,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
682 SF
Lot
0.84 ac (36,590 SF)
APN
6542-00-00300
UPID
US90-0678679
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
1988
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.84 ac
Current owner
From public records · entity-resolved
Bp Roducts North America INC
Entity
Mailing address
30 S WACKER DR STE #900, CHICAGO, IL 60606-7403
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
—
Bp Roducts North America INC
Sansome Six United LLC
Lease
—
Jul 19, 2024
—
Sansome Six United LLC
—
Deed
related
$1,500,000 · Academy Bank NA
Dec 28, 2023
—
Sabsome Six United LLC
Sansome Marvin Tic LLC
Bargain And Sale Deed
—
Oct 13, 2022
$1,400,000
Sansome Marvin Tic LLC
Cf United Propco LLC
Bargain And Sale Deed
—
Dec 29, 2016
—
Cf United Propco LLC
—
Deed
related
$92,603,000 · Wells Fargo Bk
Jul 31, 2015
$1,521,719
Cf United Propco LLC
Convenience Retailers LLC
Bargain And Sale Deed
$115,000,000 · Wells Fargo Bank NA
Mar 20, 2009
—
Convenience Retailers LLC
—
Deed Of Trust
related
$370,000,000 · Conocophillips Co
Feb 12, 2008
—
Convenience Retailers LLC
Kayo Oil
Warranty Deed
—
Dec 31, 2003
—
Kayo Oil Co
Conocophillips Co
Grant Deed
related
—
Feb 1, 2002
—
Washington State
Tosco Corp
Grant Deed
related
—
Dec 9, 1993
$846,342
Tosco Corporation
Unknown
Grant Deed
—
May 1, 1989
$874,200
B P Oil Co
Mobil Oil Corp
Grant Deed
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
—
—
Cf United Propco LLC
—
Loan Modification
related
$92,603,000 · Wells Fargo Bk
—
—
Convenience Retailers LLC
—
Deed Of Trust
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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