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Property profile & analytics
OFF-MARKET
Estimated value
$5,225,000
Assisted living facilities
2000 Mtn Vw Dr Enumclaw, WA 98022-8235
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1738440
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,200 SF
Lot
1.85 ac (80,586 SF)
Zoning code
R-4
APN
192007-9137
UPID
US90-1738440
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
$5.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$5.23M
Owner & transaction history
Cascade Place Propco LLC · 2 yrs held
Cascade Place Propco LLC
since 2024
Last sale
$5.2M
6 recorded transactions
Zoning & alternative use
R-4 · Enumclaw, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-4 district is intended to encourage a more flexible use of the land by establishing areas within the community that are suitable for residential development of up to 15 units per acre and to increase the available housing choices
Zone name
Residential 4
General category
RESIDENTIAL
Zone area
149.00 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.5M
+115.6%
Commercial (general)
$6.2M
+107.2%
Auto repair, garage
$5.6M
+86.6%
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
$5,225,000
ML approach
$5,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,470,000
Change: +116% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,220,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,600,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$4,820,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$4,785,000
Change: +59% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,655,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$4,600,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$5.23M
Range $4.70M – $5.75M · ±10% · vs last sale $5.22M (Mar 6 2024)
Last sale anchor
$5.22M
Mar 6 2024
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
$428 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$34,157
Tax year 2022
Assessed value
$3,754,900
Assessed 2022
Previous assessed
$3,754,900
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$725,200
Assessed improvement
$3,029,700
Land market value
$725,200
Improvement market value
$3,029,700
Total market value
$3,754,900
Applied tax rate
1,175.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
2
Units
40
Total area
12,200 SF
Lot
1.85 ac (80,586 SF)
Zoning code
R-4
APN
192007-9137
UPID
US90-1738440
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Enumclaw, WAZoning R-4 · permitted uses
R-4 · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-4 district is intended to encourage a more flexible use of the land by establishing areas within the community that are suitable for residential development of up to 15 units per acre and to increase the available housing choices
Zone name
Residential 4
General category
RESIDENTIAL
Zone area
149.00 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.6M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE 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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
2
Units
40
Lot
1.85 ac
Current owner
From public records · entity-resolved
Cascade Place Propco LLC
Entity
Mailing address
2040 A ST, FOREST GROVE, OR 97116-2333
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
$5,223,464
Cascade Place Propco LLC
Ihc Cascade Place LLC
Bargain And Sale Deed
$25,000 · Merchants Bank Of Indiana
Jun 11, 2020
$1,402,500
Ihc Cascade Place LLC
Cascade Aid Propco LLC
Bargain And Sale Deed
$2,500,000 · Clearinghouse Dcfi
Jul 25, 2013
—
Cascade Aid Propco LLC
Assisted Living Concepts LLC
Warranty Deed
—
Nov 20, 2006
—
Assisted Living Concepts INC
—
Deed Of Trust
related
$150,000,000 · General Electric Capital Corp
Jul 28, 1997
—
Assisted Living Concepts INC
—
Deed Of Trust
related
$8,500,000 · Norwest Bank Minnesota Trustee
Jan 19, 1995
$250
State Of Washington
Dickson,dickson-clawson Partners
Grant Deed
related
—
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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