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Property profile & analytics
OFF-MARKET
Estimated value
$440,000
Apartment buildings
16516 Crk SE Ln Yelm, WA 98597-9494
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0626249
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1995
Construction
WOOD FRAME
Total area
1,808 SF
Lot
3.09 ac (134,600 SF)
APN
6430-34-00200
UPID
US90-0626249
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
-
Yelm Creek Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$440k
Owner & transaction history
Yelm Creek Lane LLC · 12 yrs held
Yelm Creek Lane LLC
since 2014
7 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 Yelm submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yelm 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$440k
Range $396k – $484k · ±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
$243 / 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
$48,345
Tax year 2023
Assessed value
$5,199,600
Assessed 2022
Previous assessed
$3,202,300
+62.4% YoY
Effective rate
0.93%
On assessed value
Assessed land
$412,100
Assessed improvement
$4,787,500
Land market value
$412,100
Improvement market value
$4,787,500
Total market value
$5,199,600
Applied tax rate
170.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1995
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
WALL UNIT
Stories
2
Total area
1,808 SF
Lot
3.09 ac (134,600 SF)
APN
6430-34-00200
UPID
US90-0626249
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
Building & site characteristics
From public records
Year built
1995
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
3.09 ac
Current owner
From public records · entity-resolved
Yelm Creek Lane LLC
Entity
Free & Clear · 12 yrs held
Mailing address
724 COLUMBIA ST NW STE #140, OLYMPIA, WA 98501-1291
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2014
—
Yelm Creek Lane LLC
Rants,roland A
Quit Claim Deed
related
—
Jan 6, 2014
—
Yelm Creek Lane LLC
Harris,helen C
Quit Claim Deed
related
—
Nov 20, 2012
—
Mary Rants
Rants Ptrshp
Quit Claim Deed
related
—
Aug 19, 2009
—
Jammer LLC
Clees,john A & Susan A
Quit Claim Deed
related
—
Oct 20, 1998
$133,930
Richard Panowicz
Hulbert Development Partners
Grant Deed
—
Jun 2, 1994
$140,000
John A Clees
Hulbert,edward H & Beverly A
Grant Deed
—
May 24, 1994
$140,000
Evergreen Olympia Prop Etal
Hulbert, Edward H Etal
Grant Deed
—
Jan 23, 1989
$75,000
Edward H Hulbert
Unknown
Grant Deed
$55,000
—
—
Richard Panowicz
—
Deed Of Trust
related
$1,155,000 · Heritage Bank
—
—
Panowicz,a Richard & Pamela
—
Deed Of Trust
related
$771,363 · Heritage Bk/lafayette
—
—
Yelm Creek Lane LLC
—
Loan Modification
related
$771,363 · Heritage Bk
—
—
Hulbert Development Partners
—
Deed Of Trust
related
$65,000 · First Community Bank Washingto
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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