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Property profile & analytics
OFF-MARKET
Office Spaces
18324 Cook SE Rd Yelm, WA 98597-9673
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0831967
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1971
Construction
WOOD FRAME
Total area
1,530 SF
Lot
1.99 ac (86,684 SF)
APN
2272-84-40300
UPID
US90-0831967
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
-
Pain Management with CBD - BioSmart Research Inc Specialty Food Shop
-
Biosmart ® Solutions Big Box & Wholesale Store Building Supply
-
BioSmart CBD Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Searle Chan Holdings LLC · 6 yrs held
Searle Chan Holdings LLC
since 2019
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,895
Tax year 2023
Assessed value
$977,200
Assessed 2022
Previous assessed
$749,400
+30.4% YoY
Effective rate
1.01%
On assessed value
Assessed land
$194,600
Assessed improvement
$782,600
Land market value
$194,600
Improvement market value
$782,600
Total market value
$977,200
Applied tax rate
182.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1971
Construction
WOOD FRAME
Heating
SPACE
Stories
2
Total area
1,530 SF
Lot
1.99 ac (86,684 SF)
APN
2272-84-40300
UPID
US90-0831967
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
1971
Construction
WOOD FRAME
Heating
SPACE
Stories
2
Lot
1.99 ac
Current owner
From public records · entity-resolved
Searle Chan Holdings LLC
Entity
Mailing address
18324 COOK RD SE UNIT #1, YELM, WA 98597-9673
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2019
—
Searle Chan Holdings LLC
Pacific Nw Dev Assocs LLC
Quit Claim Deed
related
$380,000 · Olympia Fed'l S&l
Mar 31, 2009
$855,000
Pacific Nw Dev Assocs LLC
Yelm Aviation LLC
Warranty Deed
$566,667 · Yelm Aviation LLC
Apr 11, 2005
$168,000
Gerald D Mccormick
Peterson,drew A & Amy L
Quit Claim Deed
related
—
Apr 11, 2005
—
Yelm Aviation LLC
Mccormick,gerald D & Janet I
Quit Claim Deed
related
—
Aug 5, 1991
$183,500
Gerald D Mc Cormick
Unknown
Grant Deed
—
—
—
Pacific Nw Dev Assocs LLC
—
Deed Of Trust
related
$655,000 · Earthwise Electronics INC
—
—
Yelm Aviation LLC
—
Deed Of Trust
related
$260,000 · Us Bank NA
—
—
Drew Peterson
—
Deed Of Trust
related
$220,836 · 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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