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Property profile & analytics
OFF-MARKET
Estimated value
$1,910,000
Grocery and convenience stores
19614 Mtn E Hwy Spanaway, WA 98387-8490
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1361758
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1996
Construction
WOOD FRAME
Total area
2,489 SF
Lot
0.97 ac (42,253 SF)
Zoning code
CE
APN
318041027
UPID
US90-1361758
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
$2.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.91M
Owner & transaction history
Khara Fuel 2 LLC · 5 yrs held
Khara Fuel 2 LLC
since 2020
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
CE · Spanaway, 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 Spanaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spanaway 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
$1,975,000
ML approach
$2,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.91M
Range $1.72M – $2.10M · ±10% · vs last sale $1.72M (Sep 4 2020)
Last sale anchor
$1.72M
Sep 4 2020
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
$767 / 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
$21,468
Tax year 2024
Assessed value
$1,624,000
Assessed 2024
Previous assessed
$1,624,000
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$873,600
Assessed improvement
$750,400
Land market value
$873,600
Improvement market value
$750,400
Total market value
$1,624,000
Applied tax rate
591.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
2,489 SF
Lot
0.97 ac (42,253 SF)
Zoning code
CE
APN
318041027
UPID
US90-1361758
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CE · Spanaway, WA
Zoning CE · permitted uses
CE · Spanaway, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spanaway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
0.97 ac
Current owner
From public records · entity-resolved
Khara Fuel 2 LLC
Entity
Mailing address
19614 MTN HWY E, SPANAWAY, WA 98387-8490
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2020
$1,720,000
Khara Fuel 2 LLC
Won S Cho
Warranty Deed
—
Sep 4, 2020
—
Khara Fuel 2 LLC
—
Deed
related
$1,439,000 · Unibank
Jun 1, 2004
$201,000
Donald G Meyer
Logan,patricia J
Grant Deed
—
Apr 2, 2002
$1,950,000
Won S Cho
Mountain Hi-way Towne Pump
Grant Deed
$550,000 · Cit Lending Services Corp
May 30, 1996
—
Hi-way Towne Pump Mountain
Ctg Enterprises INC
Quit Claim Deed
related
$1,207,250 · Pacific Northwest Bank
Feb 23, 1996
$268,000
Ctg Enterprises INC
Cornerstone Brokers INC
Trustees Deed
$307,000 · First Community Bank
Feb 23, 1996
—
Cornerstone Brokers INC
Camelot Investments
Quit Claim Deed
related
—
Mar 4, 1992
$175,000
Investments Camelot
Unknown
Grant Deed
—
—
—
Won S Cho
—
Deed Of Trust
related
$90,000 · Won S Cho
—
—
Won S Cho
—
Deed Of Trust
related
$100,000 · Fumitaka Kawasaki
—
—
Won S Cho
—
Deed Of Trust
related
$80,000 · Eigo Schimizu
—
—
Khara Fuel 2 LLC
—
Deed Of Trust
related
$1,439,000 · Unibank
—
—
Hi-way Towne Pump Mountain
—
Deed Of Trust
related
$454,000 · Evergreen Community Dev Assn
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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