Back to Search
Property profile & analytics
FOR LEASE
Office Spaces
1702 Commercial St Steilacoom, WA 98388
Entity Owned
18-yr Hold
Free & Clear
Property ID
US90-3257770
No photos on file
For Lease
$5,417/Mo
1702 Commercial St, Steilacoom, WA 98388
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Construction
WOOD FRAME
Total area
4,592 SF
Lot
0.24 ac (10,360 SF)
Zoning code
COMMERCIAL
APN
2305000100
UPID
US90-3257770
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
by Request
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$918k
Blend (final)
Blend
$1.00M
Owner & transaction history
E R Rogers Management LLC · 18 yrs held
E R Rogers Management LLC
since 2008
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Steilacoom, WA
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 Steilacoom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Steilacoom 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%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,525,000
Current use
RETAIL STORES
$1,405,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$1,370,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$1,260,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$218 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,909
Tax year 2024
Assessed value
$1,267,600
Assessed 2024
Previous assessed
$1,267,600
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$537,300
Assessed improvement
$730,300
Land market value
$537,300
Improvement market value
$730,300
Total market value
$1,267,600
Applied tax rate
115.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1979
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
4,592 SF
Lot
0.24 ac (10,360 SF)
Zoning code
COMMERCIAL
APN
2305000100
UPID
US90-3257770
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
COMMERCIAL · Steilacoom, WAZoning COMMERCIAL · permitted uses
COMMERCIAL · Steilacoom, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Title 18 Zoning
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1979
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
E R Rogers Management LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1702 COMMERCIAL ST, STEILACOOM, WA 98388-1312
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Dec 29, 2017
—
E R Rogers Management LLC
—
Deed
related
$800,000 · Bank Of The West
Jan 16, 2008
—
E R Rogers Management LLC
Gross,jeffrey D & Peggy F
Quit Claim Deed
related
—
Aug 1, 2006
$825,000
Jeffrey D Gross
E R Rogers Associates LLC
Warranty Deed
$660,000 · Horizon Bank
Nov 18, 2005
—
E R Rogers Associates LLC
E R Rogers Associates LLC
Quit Claim Deed
related
—
Dec 29, 1988
$340,000
E R Rogers Assoc
Unknown
Grant Deed
—
—
—
E R Rogers Management LLC
—
Deed Of Trust
related
$800,000 · Bank Of The West
—
—
E R Rogers Associates
—
Deed Of Trust
related
$257,680 · Columbia State Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
