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Property profile & analytics
OFF-MARKET
Estimated value
$24,920,000
Warehouses
1901 To 2005th Fryar Ave Enumclaw, WA 98022
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0865212
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
169,888 SF
Lot
6.63 ac (288,803 SF)
Zoning code
M2
APN
420245028
UPID
US90-0865212
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
$31.92M
Comparable Approach
Comparable
$16.80M
Blend (final)
Blend
$24.92M
Owner & transaction history
Cref3 Fryar Owner LLC · 4 yrs held
Cref3 Fryar Owner LLC
since 2022
Last sale
$25.0M
4 recorded transactions
Zoning & alternative use
M2 · Enumclaw, 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 Enumclaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Enumclaw 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
$25,875,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$34,580,000
6.5%
$31,920,000
7%
$29,640,000
Blend value · Realmo final
$24.92M
Range $22.43M – $27.41M · ±10% · vs last sale $25.00M (Apr 12 2022)
Last sale anchor
$25.00M
Apr 12 2022
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
$147 / 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
$233,091
Tax year 2024
Assessed value
$22,574,500
Assessed 2024
Previous assessed
$22,574,500
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$6,843,700
Assessed improvement
$15,730,800
Land market value
$6,843,700
Improvement market value
$15,730,800
Total market value
$22,574,500
Applied tax rate
117.0000
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Total area
169,888 SF
Lot
6.63 ac (288,803 SF)
Zoning code
M2
APN
420245028
UPID
US90-0865212
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Enumclaw, WAZoning M2 · permitted uses
M2 · Enumclaw, WA
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Lot
6.63 ac
Current owner
From public records · entity-resolved
Cref3 Fryar Owner LLC
Entity
Mailing address
5221 N O CONNOR BLVD STE #700, IRVING, TX 75039-4428
Ownership since
2022
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
Apr 12, 2022
$25,000,015
Cref3 Fryar Owner LLC
The Wattles Company
Warranty Deed
$400,000 · Deutsche Bank
Dec 30, 2008
—
Wattles Co
Wattles
Quit Claim Deed
related
$1,450,696 · Columbia State Bank
—
—
Wattles Co
—
Deed Of Trust
related
$2,200,000 · Columbia State Bank
—
—
Wattles Co
—
Loan Modification
related
$4,570,000 · Wfb 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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