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Property profile & analytics
OFF-MARKET
Office Spaces
201 Rochester W St Rainier, WA 98576-9436
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-2178671
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
WOOD FRAME
Total area
1,380 SF
Lot
0.32 ac (13,939 SF)
APN
7020-24-02100
UPID
US90-2178671
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Storwell 103 Rochester LLC · 1 yrs held
Storwell 103 Rochester LLC
since 2025
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
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 Rainier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rainier 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,094
Tax year 2023
Assessed value
$797,000
Assessed 2022
Previous assessed
$380,900
+109.2% YoY
Effective rate
0.89%
On assessed value
Assessed land
$68,700
Assessed improvement
$728,300
Land market value
$68,700
Improvement market value
$728,300
Total market value
$797,000
Applied tax rate
310.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Construction
WOOD FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
1,380 SF
Lot
0.32 ac (13,939 SF)
APN
7020-24-02100
UPID
US90-2178671
Jurisdiction
THURSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2006
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
0.32 ac
Current owner
From public records · entity-resolved
Storwell 103 Rochester LLC
Entity
Mailing address
PO BOX 627, RAINIER, WA 98576-0627
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
$2,274,979
Storwell 103 Rochester LLC
Rainier Storage Lockers LLC
Warranty Deed
$1,600,000 · Telco Community Cu
Aug 9, 2024
—
Rainier Storage Lockers LLC
Barry R Bridges
Re-recorded Document
related
—
Sep 9, 2021
—
Rainier Storage Lockers LLC
—
Deed
related
$866,000 · Gaye C Bridges
Jan 29, 2019
—
Rainier Storage Lockers LLC
Bridges,barry R & Gaye C
Quit Claim Deed
related
—
Feb 16, 2006
$70,000
Barry R Bridges
South Sound Builders LLC
Warranty Deed
—
Feb 16, 2006
$59,500
South South Builders LLC
Ogden,fred A & Margaret
Warranty Deed
—
—
—
Barry R Bridges
—
Deed Of Trust
related
$76,070 · South Sound 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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