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Property profile & analytics
OFF-MARKET
Estimated value
$40,000
Warehouses
1840 Black Lk SW Blvd Tumwater, WA 98512
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1765398
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
WOOD FRAME
Total area
256 SF
Lot
9.64 ac (419,918 SF)
APN
1282-91-20100
UPID
US90-1765398
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40k
Owner & transaction history
Schock Brothers I LLC · 14 yrs held
Schock Brothers I LLC
since 2012
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$40k
Range $36k – $44k · ±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
$156 / 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
$50,277
Tax year 2024
Assessed value
$5,031,000
Assessed 2023
Previous assessed
$4,912,200
+2.4% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,673,600
Assessed improvement
$3,357,400
Land market value
$1,673,600
Improvement market value
$3,357,400
Total market value
$5,031,000
Applied tax rate
440.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Total area
256 SF
Lot
9.64 ac (419,918 SF)
APN
1282-91-20100
UPID
US90-1765398
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
1974
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Lot
9.64 ac
Current owner
From public records · entity-resolved
Schock Brothers I LLC
Entity
Mailing address
855 TROSPER RD SW STE 108STE108, TUMWATER, WA 98512-8108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Feb 26, 2025
—
Schock Brothers I LLC
—
Deed
related
$1,000,000 · Telco Community Cu
Apr 16, 2012
—
Schock Brothers I LLC
Ingrim & Schock LLC
Quit Claim Deed
related
—
Apr 8, 2010
—
Industrial Pk Water Assn Jones
Jones William
Quit Claim Deed
related
—
Dec 22, 2005
$1,300,000
Lee Ingrim
Jones,william
Grant Deed
$812,252 · Washington Business Bank
Apr 12, 2004
$2,000
William Jones
Farr,frank L & Tract M
Quit Claim Deed
related
—
—
—
Schock Brothers I LLC
—
Deed Of Trust
related
$1,700,000 · Olympia Federal S&l Assn
—
—
William M Jones
—
Deed Of Trust
related
$120,000 · Key Bank NA
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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