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Property profile & analytics
OFF-MARKET
Estimated value
$10,470,000
Parking lots & garages
1512 Simpson Ave, Aberdeen, WA 98520-4708
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1084878
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1917
Total area
1,120 SF
Lot
0.53 ac (23,000 SF)
APN
26401201500
UPID
US90-1084878
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
$11.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.47M
Owner & transaction history
Massmutual Asset Finance LLC · 4 yrs held
Massmutual Asset Finance LLC
since 2022
Last sale
$9.1M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Aberdeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aberdeen 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
$12,010,000
ML approach
$11,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.47M
Range $9.42M – $11.52M · ±10% · vs last sale $9.12M (Jan 13 2022)
Last sale anchor
$9.12M
Jan 13 2022
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
$9,348 / 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
$3,331
Tax year 2023
Assessed value
$328,956
Assessed 2022
Previous assessed
$282,936
+16.3% YoY
Effective rate
1.01%
On assessed value
Assessed land
$276,120
Assessed improvement
$52,836
Land market value
$276,120
Improvement market value
$52,836
Total market value
$328,956
Applied tax rate
5.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1917
Heating
FORCED AIR
Stories
1
Total area
1,120 SF
Lot
0.53 ac (23,000 SF)
APN
26401201500
UPID
US90-1084878
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1917
Heating
FORCED AIR
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Massmutual Asset Finance LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2 HAMPSHIRE ST STE #101, FOXBORO, MA 02035-2950
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2022
$9,124,571
Massmutual Asset Finance LLC
Aberdeen Renal Construction LLC
Special Warranty Deed
—
Jul 6, 2020
$800,000
Aberdeen Renal Const LLC
New Harbor Ents LLC
Grant Deed
$4,303,500 · Origin Bk
Aug 27, 2013
$251,100
New Harbor Ents LLC
Becker Building INC
Warranty 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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