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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Warehouses
19804 Cyn E Rd Spanaway, WA 98387
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1145455
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Construction
WOOD FRAME
Total area
4,800 SF
Lot
16.45 ac (716,562 SF)
Zoning code
EC
APN
318011023
UPID
US90-1145455
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
$490k
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$810k
Owner & transaction history
Elw Properties LLC · 11 yrs held
Elw Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
EC · 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
by Request
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$835,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,320,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$169 / 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
$128,983
Tax year 2024
Assessed value
$12,035,800
Assessed 2024
Previous assessed
$12,035,800
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$11,815,900
Assessed improvement
$219,900
Land market value
$11,815,900
Improvement market value
$219,900
Total market value
$12,035,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
4,800 SF
Lot
16.45 ac (716,562 SF)
Zoning code
EC
APN
318011023
UPID
US90-1145455
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
EC · Spanaway, WA
Zoning EC · permitted uses
EC · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.3M
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
2016
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
16.45 ac
Current owner
From public records · entity-resolved
Elw Properties LLC
Entity
Mailing address
2911 BOND ST STE #101, EVERETT, WA 98201-3943
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2015
$4,074,719
Elw Properties LLC
Abston Henricksen Property LLC
Warranty Deed
$2,929,500 · Coastal Community Bank
Jul 10, 2007
—
Abston-henricksen Property LLC
Abston-henricksen Property LLC
Quit Claim Deed
related
—
Nov 12, 2004
—
Abston-henricksen Property LLC
Abston,jason & Dawne
Quit Claim Deed
related
—
—
—
Abston-henrickson Property LLC
—
Deed Of Trust
related
$380,000 · Timberland Bank
—
—
Elw Properties LLC
—
Deed Of Trust
related
$1,600,000 · Coastal Cmnty Bk
—
—
Abston Henricksen Property LLC
—
Deed Of Trust
related
$560,000 · Columbia State Bank
—
—
Elw Properties LLC
—
Deed Of Trust
related
$2,409,000 · Evergreen Busn Cap
—
—
Abston-henricksen Property LLC
—
Deed Of Trust
related
$1,200,000 · Columbia State Bank
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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