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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Turn key restaurants
1301 Yelm SE Hwy Tumwater, WA 98501-4660
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1813328
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1909
Construction
WOOD FRAME
Total area
5,426 SF
Lot
1.15 ac (50,094 SF)
APN
1283-63-20100
UPID
US90-1813328
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Gillen Hall Lake East LLC · 6 yrs held
Gillen Hall Lake East LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$910,000
+17.1%
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$775,000
Current use
AUTO REPAIR, GARAGE
$910,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$700,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
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
$122 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$28,442
Tax year 2023
Assessed value
$2,914,500
Assessed 2022
Previous assessed
$2,447,300
+19.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,055,700
Assessed improvement
$1,858,800
Land market value
$1,055,700
Improvement market value
$1,858,800
Total market value
$2,914,500
Applied tax rate
442.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1909
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
YES
Stories
1
Bathrooms
2
Total area
5,426 SF
Lot
1.15 ac (50,094 SF)
APN
1283-63-20100
UPID
US90-1813328
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
RESTAURANT Current
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$910,000
INDUSTRIAL (GENERAL)
Est. value
$700,000
RESTAURANT Current
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1909
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
Gillen Hall Lake East LLC
Entity
Free & Clear · 6 yrs held
Mailing address
5525 212TH ST SW, LYNNWOOD, WA 98036-7636
Ownership since
2019
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
Aug 30, 2019
$2,300,000
Gillen Hall Lake East LLC
Cp 191 LLC
Warranty Deed
—
Apr 26, 2018
—
Cp 191 LLC
—
Trustees Deed
related
$1,315,000 · South Sound Bk
Dec 11, 2017
—
Cp 191 LLC
—
Trustees Deed
related
$150,000 · Eastlake Leasing LLC
Jan 31, 2017
—
Cp 191e LLC
Schrader,thomas C & Tiffany A
Quit Claim Deed
related
—
Oct 30, 2015
$200,000
Thomas C Schrader
Chambers Prairie Grange 191
Warranty Deed
—
Mar 2, 1999
$5,700
Tumwater City (wa)
Chambers Praire #191
Grant Deed
—
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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