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    1107 Griffin Ave Enumclaw, WA 98022
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    Property profile & analytics

    1107 Griffin Ave, Enumclaw, WA 98022

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    • Commercial real estate
    • 10,375 SF
    • 0.24 lot acres
    For Sale
    $799,950
    View Listing →
    Downtown Enumclaw Work/Live Building Lot For Sale
    $799,950

    Downtown Enumclaw Work/Live Building Lot

    Prime downtown Enumclaw lot with work/live zoning.

    1107 Griffin Ave, Enumclaw, WA 98022
    View Listing
    Property ID
    US90-0457315
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1107 Griffin Ave

    Year built
    1916
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Zone code
    CB2
    Property type
    Commercial real estate
    APN
    236180-0065
    APU
    2361800065

    Sales History

    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 $645k · Mbo Northwest LLC
    Nov 15, 2021 $1,050,000 Ohearn Earns LLC 1107 Griffin LLC Warranty Deed $628k · 1107 Griffin LLC
    Apr 3, 2017 $650,000 1107 Griffin LLC Bacon,gary L & Joann L Warranty Deed $250k · Gary & Joann Bacon
    Oct 4, 1993 $142,300 Gary L Bacon Smith,rufus C Grant Deed —
    — — Gary L Bacon — Deed Of Trust · related $61k · Mt Rainier National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $800,000
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $741,000
      Market price range: $406k - $1.76M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Enumclaw
    County
    King
    State
    Washington
    Longitude
    -121.989
    Latitude
    47.2035
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,121
    $208,000
    $800,500
    $1,008,500
    -
    $208,000
    $800,500
    $1,008,500

    Comparable in this City

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      272 Roosevelt Ave

      COMMERCIAL (GENERAL)
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    • Value Estimation
      $590,000
      3,672 SF

      2987 Griffin Ave

      COMMERCIAL (GENERAL)
      2987 Griffin Ave, Enumclaw, WA 98022-2367
      View Details
    • Value Estimation by Request

      Railroad St

      Land
      0 Railroad St, Enumclaw, WA 98022
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Enumclaw Work/Live Building Lot

      Prime downtown Enumclaw lot with work/live zoning.
      1107 Griffin Ave, Enumclaw, WA 98022
      View Details
    • Contact for pricing
      Pending

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      39 acres of pristine farmland in Enumclaw with mountain views.
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      Enumclaw Fenced Land with Barn

      8.9 acres of fenced land with barn and utilities.
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      Wooded Lot with Existing Structure

      One-acre wooded lot with potential for renovation or new construction.
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      Enumclaw Campus Portfolio For Sale

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    Similar Nearby for Lease

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      Industrial space with secured yard and multiple grade-level doors.
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      Enumclaw Flex Space For Rent

      Flex space suitable for storage, distribution, and light fabrication.
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      Enumclaw Flex Space For Rent

      Flex space suitable for storage, distribution, and light fabrication.
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    • $1,980 /Mo
      1,500 SF

      Enumclaw Flex Space For Rent

      Flex space suitable for storage, distribution, light fabrication, and more.
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    • $1,811 /Mo
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      Enumclaw Office or Medical Space

      Office or medical space with high visibility and ample parking.
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    • Contact for pricing
      1,300 SF

      Enumclaw Storage and Garage Space

      Storage and garage space available for rent in Enumclaw, WA.
      2024 Farman St N, Enumclaw, WA 98022
      View Details
    View Listing
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    Enumclaw, WA 98022
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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