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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Grocery and convenience stores
19921 Meridian E, Graham, WA 98338-8099
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1199708
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1989
Construction
WOOD FRAME
Total area
6,762 SF
Lot
1.23 ac (53,579 SF)
Zoning code
MUD
APN
418036010
UPID
US90-1199708
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
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$862k
Blend (final)
Blend
$645k
Owner & transaction history
Shiv Real Estate Investments LLC · 8 yrs held
Shiv Real Estate Investments LLC
since 2017
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
by Request
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$95 / 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
$27,150
Tax year 2024
Assessed value
$2,082,200
Assessed 2024
Previous assessed
$2,082,200
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,228,800
Assessed improvement
$853,400
Land market value
$1,228,800
Improvement market value
$853,400
Total market value
$2,082,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1989
Construction
WOOD FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
1
Total area
6,762 SF
Lot
1.23 ac (53,579 SF)
Zoning code
MUD
APN
418036010
UPID
US90-1199708
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.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Shiv Real Estate Investments LLC
Entity
Mailing address
3460 1ST AVE S, SEATTLE, WA 98134-1805
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
—
Shiv Real Estate Investments LLC
—
Deed
related
—
Dec 19, 2019
—
Shiv R & E Invs LLC
—
Deed
related
$3,400,000 · Unibank
Jul 31, 2017
$4,225,000
Shiv Real Estate Investments LLC
Meridian Property Management LLC
Warranty Deed
$3,783,000 · Trans Pacific National Bank
Mar 12, 2003
—
Meridian Property Management
Stephen,darrell & Sheila
Quit Claim Deed
related
—
—
—
Meridian Property Management L
—
Deed Of Trust
related
$137,000 · Harborstone Cu
—
—
Shiv R & E Invs LLC
—
Deed Of Trust
related
$356,000 · Unibank
—
—
Shiv R & E Invs LLC
—
Deed Of Trust
related
$3,400,000 · Unibank
—
—
Darrell L Stephen
—
Deed Of Trust
related
$688,006 · Frontier Bank
—
—
Darrell L Stephen
—
Deed Of Trust
related
$401,867 · Frontier Bank
—
—
Darrell L Stephen
—
Deed Of Trust
related
$90,000 · Frontier Bank
—
—
Richard Asdrus
—
Deed Of Trust
related
$12,500 · Washington School Employees Cu
—
—
Meridian Property Mgmt LLC
—
Deed Of Trust
related
$1,240,000 · Harborstone Cu
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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