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Property profile & analytics
OFF-MARKET
Estimated value
$4,290,000
Office Spaces
18209 Sr 410th E Fox Island, WA 98333
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1220333
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,448 SF
Lot
1.39 ac (60,723 SF)
Zoning code
C2
APN
5640001706
UPID
US90-1220333
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
$4.35M
CAP Approach
CAP
$5.93M
Comparable Approach
Comparable
$4.72M
Blend (final)
Blend
$4.29M
Owner & transaction history
Rh Rainier Professional Associates · 2 yrs held
Rh Rainier Professional Associates
since 2023
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
C2 · Fox Island, WA
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 Fox Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fox Island 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
$4,385,000
ML approach
$4,345,000
CAP Approach
CAP Return
Estimation
6%
$6,425,000
6.5%
$5,930,000
7%
$5,505,000
Blend value · Realmo final
$4.29M
Range $3.86M – $4.72M · ±10% · vs last sale $4.00M (Aug 2 2023)
Last sale anchor
$4.00M
Aug 2 2023
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
$132 / 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
$66,175
Tax year 2024
Assessed value
$6,520,800
Assessed 2024
Previous assessed
$6,520,800
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$1,331,300
Assessed improvement
$5,189,500
Land market value
$1,331,300
Improvement market value
$5,189,500
Total market value
$6,520,800
Applied tax rate
35.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
3
Units
6
Total area
32,448 SF
Lot
1.39 ac (60,723 SF)
Zoning code
C2
APN
5640001706
UPID
US90-1220333
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Fox Island, WA
Zoning C2 · permitted uses
C2 · Fox Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fox Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
6
Lot
1.39 ac
Current owner
From public records · entity-resolved
Rh Rainier Professional Associates
Entity
Ownership since
2023
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
Aug 2, 2023
$4,000,000
Rh Rainier Professional Associates
Rainier Professional Plaza LLC
Warranty Deed
$3,540,000 · East West Bank
—
—
Rainier Professional Plaza LLC
—
Deed Of Trust
related
$5,000,000 · Heritage Bank
—
—
Rainier Professional Plaza LLC
—
Deed Of Trust
related
$427,163 · Olympic Bank
—
—
Dale Vanderschelden
—
Deed Of Trust
related
$2,200,000 · Elizabeth Vanderschelden
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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