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Property profile & analytics
OFF-MARKET
Retail space
117 Eldredge NW Ave Orting, WA 98360-8512
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1735302
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
WOOD FRAME
Total area
665 SF
Lot
0.15 ac (6,480 SF)
Zoning code
RU
APN
3670000870
UPID
US90-1735302
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
Bella Teresa Correa Marquez · 3 yrs held
Bella Teresa Correa Marquez
since 2023
Last sale
$280,000
6 recorded transactions
Zoning & alternative use
RU · Orting, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide for high density urban single-family, townhouse, cottage, and duplex residential uses which benefit from the full array of services and amenities available in the Town core
Zone name
Residential Urban
General category
RESIDENTIAL
Zone area
694.19 ac
Source
Realmo
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 Orting submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orting 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
$2,725
Tax year 2024
Assessed value
$260,900
Assessed 2024
Previous assessed
$260,900
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$142,000
Assessed improvement
$118,900
Land market value
$142,000
Improvement market value
$118,900
Total market value
$260,900
Applied tax rate
84.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
WOOD FRAME
Heating
HOT WATER
Buildings
2
Stories
1
Total area
665 SF
Lot
0.15 ac (6,480 SF)
Zoning code
RU
APN
3670000870
UPID
US90-1735302
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RU · Orting, WAZoning RU · permitted uses
RU · Orting, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide for high density urban single-family, townhouse, cottage, and duplex residential uses which benefit from the full array of services and amenities available in the Town core
Zone name
Residential Urban
General category
RESIDENTIAL
Zone area
694.19 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1960
Construction
WOOD FRAME
Heating
HOT WATER
Stories
1
Buildings
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Bella Teresa Correa Marquez
Individual
Mailing address
31813 21ST AVE SW TRLR #41, FEDERAL WAY, WA 98023-2266
Ownership since
2023
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
Mar 23, 2023
$280,000
Bella Teresa Correa Marquez
117 Carder LLC
Warranty Deed
$185,000 · 117 Carder LLC
Sep 23, 2020
—
117 Carder LLC
Philip D Carder
Quit Claim Deed
related
—
May 26, 2020
$84,000
Philip D Carder
Orting Floral & Greenhouse INC
Warranty Deed
—
—
—
Michael G Otis
—
Deed Of Trust
related
$50,000 · Key Bank Of Washington
—
—
Orting Floral & Greenhouse INC
—
Deed Of Trust
related
$112,000 · Interbay Funding LLC
—
—
Orting Floral & Greenhouse INC
—
Deed Of Trust
related
$50,000 · Key Bank Of Washington
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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