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Property profile & analytics
FOR SALE
Warehouses
18525 Veterans Memorial Dr E Bonney Lake, WA 98391
Entity Owned
~
Est. High Equity
Property ID
US90-0330773
No photos on file
For Sale
$1,150,000
18525 Veterans Memorial Dr E, Bonney Lake, WA 98391
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
STEEL FRAME
Total area
2,400 SF
Lot
0.75 ac (32,786 SF)
Zoning code
DM
APN
5640001323
UPID
US90-0330773
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
by Request
Owner & transaction history
Lake Tapps Shrink Wraps LLC
Lake Tapps Shrink Wraps LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
DM · Bonney Lake, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Wireless communications facilities in C-2, C-3, combined C-2/C-3, M-1, public facilities, DC and DM zones. § 18.50.012 Design criteria. § 18.50.013 Other permits required. § 18.50.014 Inspection requirements. § 18.50.015 Landscaping/screening.
Zone name
Downtown Mixed District
General category
MIXED_USE
Zone area
23.58 ac
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 Bonney Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bonney Lake 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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,844
Tax year 2024
Assessed value
$771,900
Assessed 2024
Previous assessed
$771,900
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$643,000
Assessed improvement
$128,900
Land market value
$643,000
Improvement market value
$128,900
Total market value
$771,900
Applied tax rate
35.0000
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
For Sale
Year built
1991
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
2,400 SF
Lot
0.75 ac (32,786 SF)
Zoning code
DM
APN
5640001323
UPID
US90-0330773
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DM · Bonney Lake, WAZoning DM · permitted uses
DM · Bonney Lake, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Wireless communications facilities in C-2, C-3, combined C-2/C-3, M-1, public facilities, DC and DM zones. § 18.50.012 Design criteria. § 18.50.013 Other permits required. § 18.50.014 Inspection requirements. § 18.50.015 Landscaping/screening.
Zone name
Downtown Mixed District
General category
MIXED_USE
Zone area
23.58 ac
Building & site characteristics
From public records
Year built
1991
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Lake Tapps Shrink Wraps LLC
Entity
Mailing address
18701 VETERANS MEMORIAL DR E, BONNEY LAKE, WA 98391-7184
Ownership since
2025
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
Sep 12, 2025
$1,100,000
Lake Tapps Shrink Wraps LLC
Dualstar Properties LLC
Warranty Deed
$935,000 · Harvest Small Business Finance LLC
Nov 28, 2022
—
Dualstar Properties LLC
—
Deed
related
$247,240 · Heritage Southeast Bank
Aug 18, 2021
—
Dualstar Properties LLC
—
Deed
related
$1,033,500 · Heritage Southeast Bank
Nov 1, 2019
$965,000
Dualstar Properties LLC
Bonney Lake Advance LLC
Warranty Deed
$950,000 · Evolve Bk&tr Isaoa Atima
Nov 5, 2009
—
Bonney Lake Advance LLC
Advance Cap INC
Quit Claim Deed
related
—
Aug 14, 2009
$250,900
Advance Cap INC
Titan Trustee Svcs INC
Trustees Deed
related
—
Nov 25, 2003
$700,000
Steve Crossley
Vig,gary D
Grant Deed
$550,000 · Gary D Vig
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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