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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
1609 Cole St Enumclaw, WA 98022-3509
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0515044
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,206 SF
Lot
0.03 ac (1,179 SF)
Zoning code
CB2
APN
236180-0135
UPID
US90-0515044
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
$580k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
1609 Cole LLC · 2 yrs held
1609 Cole LLC
since 2024
Last sale
$580,000
4 recorded transactions
Zoning & alternative use
CB2 · Enumclaw, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$615,000
+35.2%
Auto repair, garage
$555,000
+21.8%
Medical building
$475,000
+4.8%
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
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$390,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$455,000
Current use
COMMERCIAL (GENERAL)
$615,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$555,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$475,000
Change: +5% · Conversion: Easy
RETAIL STORES
$475,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $580k (Jul 9 2024)
Last sale anchor
$580k
Jul 9 2024
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
$481 / 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
$1,597
Tax year 2022
Assessed value
$175,200
Assessed 2022
Previous assessed
$175,200
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$75,000
Assessed improvement
$100,200
Land market value
$75,000
Improvement market value
$100,200
Total market value
$175,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
1,206 SF
Lot
0.03 ac (1,179 SF)
Zoning code
CB2
APN
236180-0135
UPID
US90-0515044
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB2 · Enumclaw, WA
Zoning CB2 · permitted uses
CB2 · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Enumclaw. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$455,000
COMMERCIAL (GENERAL)
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$555,000
MEDICAL BUILDING
Est. value
$475,000
RETAIL STORES
Est. value
$475,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
1609 Cole LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 160TH PUYALLUP
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
—
1609 Cole LLC
—
Deed
related
$400,000 · Commencement Bank
Jul 9, 2024
$580,000
1609 Cole LLC
Eric Emry
Warranty Deed
—
Oct 25, 2023
$310,000
Eric Emry
Gregory C Vesey
Warranty Deed
$155,000 · Gregory Vesey
May 19, 1992
$125,000
Gregory C Vesey
Puget
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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