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Property profile & analytics
OFF-MARKET
Apartment buildings
205 Mtn Vw SE Rd, Yelm, WA 98597-8758
Entity Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1490552
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2002
Construction
WOOD FRAME
Total area
1,930 SF
Lot
2.38 ac (103,673 SF)
APN
7573-00-00600
UPID
US90-1490552
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
Current use
Occupant on record · Public records
-
Prairie Run Apartments Apartment Building
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
Prairie Run Associates · 25 yrs held
Prairie Run Associates
since 2000
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 Yelm submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yelm 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
$11
Tax year 2023
Assessed value
$7,310,800
Assessed 2022
Previous assessed
$3,045,000
+140.1% YoY
Effective rate
0.00%
On assessed value
Assessed land
$557,500
Assessed improvement
$6,753,300
Land market value
$557,500
Improvement market value
$6,753,300
Total market value
$7,310,800
Applied tax rate
170.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2002
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
WALL UNIT
Stories
2
Total area
1,930 SF
Lot
2.38 ac (103,673 SF)
APN
7573-00-00600
UPID
US90-1490552
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
2002
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
2.38 ac
Current owner
From public records · entity-resolved
Prairie Run Associates
Entity
Mailing address
545 RAINIER BLVD N #9, ISSAQUAH, WA 98027-2806
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
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
Aug 23, 2002
—
Prairie Run Associaties
—
Trustees Deed
related
$1,798,900 · Bank Of America
Dec 1, 2000
$101,307
Prairie Run Associates
Billngslea,clifford M
Grant Deed
$122,700 · Seller
Nov 21, 2000
—
Clifford M Billingslea
Madison Holding Trust
Quit Claim Deed
related
—
Jul 22, 1998
—
Smith Trust
Billingslea,clifford M
Quit Claim Deed
related
—
Aug 23, 1996
$73,061
Clifford M Billingslea
Sprague,jerry F & Patricia L
Grant Deed
$70,000 · Seller
—
—
Prairie Run Associates LP
—
Deed Of Trust
related
$163,700 · Washington State Dept Communit
—
—
Prairie Run Associates LP
—
Deed Of Trust
related
$1,000,000 · Rural Housing Service
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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