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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Warehouses
1445 3rd St Enumclaw, WA 98022-3402
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0366794
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
WOOD
Total area
4,520 SF
Lot
0.17 ac (7,200 SF)
Zoning code
HCB
APN
242006-9440
UPID
US90-0366794
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
$740k
CAP Approach
CAP
$850k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
T2j2 LLC · 5 yrs held
T2j2 LLC
since 2021
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
HCB · Enumclaw, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HCB highway and community business district is intended to create, preserve and enhance areas with a wide range of retail sales and service establishments serving both long and short term needs in compact locations typically appropriate to commercial clusters near intersections of major thoroughfares
Zone name
Highway And Community Business
General category
COMMERCIAL
Zone area
135.14 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 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
$755,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$920,000
6.5%
$850,000
7%
$790,000
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $700k (Jan 21 2021)
Last sale anchor
$700k
Jan 21 2021
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
$160 / 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
$4,153
Tax year 2022
Assessed value
$456,600
Assessed 2022
Previous assessed
$456,600
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$108,000
Assessed improvement
$348,600
Land market value
$108,000
Improvement market value
$348,600
Total market value
$456,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
4,520 SF
Lot
0.17 ac (7,200 SF)
Zoning code
HCB
APN
242006-9440
UPID
US90-0366794
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HCB · Enumclaw, WAZoning HCB · permitted uses
HCB · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HCB highway and community business district is intended to create, preserve and enhance areas with a wide range of retail sales and service establishments serving both long and short term needs in compact locations typically appropriate to commercial clusters near intersections of major thoroughfares
Zone name
Highway And Community Business
General category
COMMERCIAL
Zone area
135.14 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
T2j2 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3291 TERRY LN, ENUMCLAW, WA 98022-4056
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
—
T2j2 LLC
—
Deed
related
$400,000 · Columbia State Bank
Jan 21, 2021
$700,000
T2j2 LLC
David R Asplund
Warranty Deed
—
May 22, 2015
—
Columbia St Bk
Columbia Banking System INC
Quit Claim Deed
related
—
May 22, 2015
$485,000
David R Asplund
Columbia St Bk
Grant Deed
—
Mar 27, 2003
$308,000
Mountain Bank Holding Co INC
K C Family Holding LLC
Grant Deed
related
—
Feb 15, 2000
$289,000
Jc Family Holding LLC
Musland,peter K & Targjerd
Grant Deed
$245,650 · Seller
May 19, 1992
$105,000
Peter K Musland
Weyer
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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