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Property profile & analytics
FOR LEASE
Commercial land
19313 Meridian Ave E, Graham, WA 98338
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0561209
For Lease
$6,550/Mo
19313 Meridian Ave E, Graham, WA 98338
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1975
Construction
WOOD FRAME
Total area
3,719 SF
Lot
0.74 ac (32,084 SF)
Zoning code
MUD
APN
418032022
UPID
US90-0561209
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
$855k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$765k
Owner & transaction history
Austin Properties LLC · 4 yrs held
Austin Properties LLC
since 2022
Last sale
$775,000
7 recorded transactions
Zoning & alternative use
MUD · Graham, 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 Graham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Graham 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
$800,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,235,000
Current use
RETAIL STORES
$1,140,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$1,110,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$1,020,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $775k (Feb 28 2022)
Last sale anchor
$775k
Feb 28 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
$206 / 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
$6,832
Tax year 2024
Assessed value
$634,800
Assessed 2024
Previous assessed
$634,800
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$634,800
Land market value
$634,800
Total market value
$634,800
Applied tax rate
578.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Year built
1975
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
3,719 SF
Lot
0.74 ac (32,084 SF)
Zoning code
MUD
APN
418032022
UPID
US90-0561209
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MUD · Graham, WA
Zoning MUD · permitted uses
MUD · Graham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Graham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Austin Properties LLC
Entity
Mailing address
5602 S TACOMA WAY, TACOMA, WA 98409-4216
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$775,000
Austin Properties LLC
J & J Flom Property Investments LLC
Warranty Deed
$725,000 · J & J Flom Property Investments LLC
Aug 13, 2014
$549,719
J & J Flom Property Investments LLC
Jonathan Rasmussen
Warranty Deed
$450,000 · Key Bank NA
Apr 9, 2012
$250,000
Jonathan Rasmussen
Washington Fedl
Grant Deed
—
May 10, 2011
$368,000
Federal S Washington
Regional Te Svcs Corp
Trustees Deed
related
—
Oct 18, 2006
—
Ted F Barney
—
Deed Of Trust
related
$3,000,000 · Horizon Bank
Mar 14, 2006
$320,000
Ted F Barney
Trust 19313
Warranty Deed
$350,000 · Wmi LLC
Feb 17, 1999
—
Randy Pogorele
Great Northwest Investments
Grant Deed
related
—
Aug 21, 1996
—
Great Northwest Investments
Walton,james M
Quit Claim Deed
related
—
Nov 2, 1995
—
James M Walton
Fields,rusty D & Julie L
Quit Claim Deed
related
—
Jan 19, 1994
$205,000
Rusty D Fields
Golden,ogle D
Grant Deed
$95,000 · Trunk Trust
—
—
Great Northwest Investments
—
Deed Of Trust
related
$165,000 · Pension Portfolio Services INC
—
—
Bobman,steven M Tr
—
Deed Of Trust
related
$8,150 · Pamela J & Thomas L Allen
—
—
Bobman,steven M Tr
—
Deed Of Trust
related
$53,872 · Louis C Logan
—
—
Bobman,steven M Tr
—
Deed Of Trust
related
$148,580 · Mid-ohio Securities Corp Ttee
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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