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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Warehouses
112 Yelm Ave Ea, Yelm, WA 98597-6602
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-1390721
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1915
Construction
WOOD FRAME
Total area
3,646 SF
Lot
0.28 ac (12,197 SF)
APN
6440-06-00500
UPID
US90-1390721
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
Current use
Occupant on record · Public records
-
The Shiplap Shop & Coffee House Cafe & Coffee Shop
-
Giorda E Clothing Store
-
RAYNE RECORDING Recording Studio
-
Glorious Greenhouse Plant Shop and Vintage Interiors Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$550k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Vendee Wxhd Re Ventures LLC
Vendee Wxhd Re Ventures LLC
since 2026
Last sale
$580,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$610,000
+45.7%
Office building
$490,000
+17.1%
Retail stores
$440,000
+5.2%
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 Yelm submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yelm 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
by Request
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$550,000
7%
$515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$420,000
Current use
AUTO REPAIR, GARAGE
$610,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$490,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$440,000
Change: +5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$400,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $580k (Feb 13 2026)
Last sale anchor
$580k
Feb 13 2026
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
$156 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,995
Tax year 2024
Assessed value
$409,800
Assessed 2023
Previous assessed
$470,200
-12.8% YoY
Effective rate
0.97%
On assessed value
Assessed land
$201,800
Assessed improvement
$208,000
Land market value
$201,800
Improvement market value
$208,000
Total market value
$409,800
Applied tax rate
170.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1915
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Bathrooms
1
Total area
3,646 SF
Lot
0.28 ac (12,197 SF)
APN
6440-06-00500
UPID
US90-1390721
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$610,000
OFFICE BUILDING
Est. value
$490,000
RETAIL STORES
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$400,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1915
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Vendee Wxhd Re Ventures LLC
Entity
Mailing address
1374 LA BRANT RD, BIGFORK, MT 59911-6069
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 13, 2026
$580,000
Vendee Wxhd Re Ventures LLC
William R Cowles
Deed
$580,000 · Vendor William R Cowles Etux
Jul 24, 2013
—
William R Cowles
Cowles-porterfield,ruth A
Quit Claim Deed
related
—
Feb 9, 2012
—
William R Cowles
Cowles G & M Living Trust
Quit Claim Deed
related
—
Oct 16, 2008
—
David Keenan
Noffsinger,patricia A
Quit Claim Deed
related
—
Jul 16, 2004
$171,910
Dreamtime LLC
Cowles,tr
—
$185,000 · Cowles Trust
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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