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Property profile & analytics
FOR SALE
Commercial real estate
1107 Griffin Ave Enumclaw, WA 98022
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0457315
For Sale
1 / 29
$799,950
1107 Griffin Ave, Enumclaw, WA 98022
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1916
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,375 SF
Lot
0.24 ac (10,400 SF)
Zoning code
CB2
APN
236180-0065
UPID
US90-0457315
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
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$800k
Owner & transaction history
Hangar09 LLC · 1 yrs held
Hangar09 LLC
since 2024
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
CB2 · Enumclaw, 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 Enumclaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Enumclaw 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Dec 9 2024)
Last sale anchor
$800k
Dec 9 2024
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
$77 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$18,121
Tax year 2022
Assessed value
$1,008,500
Assessed 2022
Previous assessed
$1,008,500
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$208,000
Assessed improvement
$800,500
Land market value
$208,000
Improvement market value
$800,500
Total market value
$1,008,500
Applied tax rate
1,175.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1916
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
1
Total area
10,375 SF
Lot
0.24 ac (10,400 SF)
Zoning code
CB2
APN
236180-0065
UPID
US90-0457315
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB2 · Enumclaw, WA
Zoning CB2 · permitted uses
CB2 · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Enumclaw. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1916
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Hangar09 LLC
Entity
Mailing address
1107 GRIFFIN AVE, ENUMCLAW, WA 98022-3015
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
$800,000
Hangar09 LLC
Ohearn Earns LLC
Warranty Deed
—
Dec 1, 2023
—
Ohearn Earns LLC
—
Deed
related
$645,000 · Mbo Northwest LLC
Nov 15, 2021
$1,050,000
Ohearn Earns LLC
1107 Griffin LLC
Warranty Deed
$628,250 · 1107 Griffin LLC
Apr 3, 2017
$650,000
1107 Griffin LLC
Bacon,gary L & Joann L
Warranty Deed
$250,000 · Gary & Joann Bacon
Oct 4, 1993
$142,300
Gary L Bacon
Smith,rufus C
Grant Deed
—
—
—
Gary L Bacon
—
Deed Of Trust
related
$61,083 · Mt Rainier National Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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