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Property profile & analytics
OFF-MARKET
Estimated value
$3,960,000
Grocery and convenience stores
207 Binghampton W St Rainier, WA 98576
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1367555
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1963
Construction
WOOD FRAME
Total area
778 SF
Lot
0.62 ac (27,007 SF)
APN
4300-02-00100
UPID
US90-1367555
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
-
Shell Gas Station
-
Deathly Hallows Tattoo Co Tattoo & Piercing Shop
-
Rainier Market Grocery & Convenience Store Food Market
-
Rainier Pizza & Espresso Restaurant
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.96M
Owner & transaction history
Pnw Rainier Market LLC · 2 yrs held
Pnw Rainier Market LLC
since 2024
Last sale
$4.0M
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
Method
Estimation
Statistic approach
$3,960,000
ML approach
$3,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.96M
Range $3.56M – $4.36M · ±10% · vs last sale $3.96M (Mar 4 2024)
Last sale anchor
$3.96M
Mar 4 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
$5,090 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$35,707
Tax year 2023
Assessed value
$4,013,700
Assessed 2022
Previous assessed
$1,772,100
+126.5% YoY
Effective rate
0.89%
On assessed value
Assessed land
$351,300
Assessed improvement
$3,662,400
Land market value
$351,300
Improvement market value
$3,662,400
Total market value
$4,013,700
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1963
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
778 SF
Lot
0.62 ac (27,007 SF)
APN
4300-02-00100
UPID
US90-1367555
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
1963
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Pnw Rainier Market LLC
Entity
Mailing address
207 BINGHAMPTON ST W, RAINIER, WA 98576
Mailing matches property
Yes
Owner-occupied
Yes
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
Pnw Rainer Market LLC
—
Deed
related
—
Mar 11, 2025
—
Pnw Rainer Market LLC
—
Deed
related
$30,000 · Pnw Rainier Market LLC
Mar 4, 2024
$3,962,214
Pnw Rainier Market LLC
Jaspal Singh
Warranty Deed
$3,581,000 · Ready Capital Corp
Nov 9, 2023
—
Cc Rainier Properties LLC
Douglas Cabrera
Warranty Deed
—
Mar 27, 2023
$3,478,978
Nav Jash LLC
Southend Investment LLC
Warranty Deed
$2,609,000 · Coastal Community Bank
Mar 24, 2023
$312,000
Douglas Cabrera
Kent Rountree
Warranty Deed
$234,000 · Rocket Mortgage LLC
Dec 21, 2020
—
Southend Investment LLC
P & J Investors LLC
Warranty Deed
$2,505,000 · Coastal Cmnty Bk
Oct 23, 2020
$232,000
Kent Rountree
Gehring Family Investments LLC
Warranty Deed
$225,040 · Academy Mortgage Corp
Apr 25, 2019
—
Gehrig Family Investments LLC
Superior Building Service INC
Quitclaim Deed
related
—
Sep 26, 2017
$1,599,673
P & J Investors LLC
Js Investments INC
Warranty Deed
$1,133,000 · Eastside Funding LLC
Jan 25, 2017
—
Js Investments INC
Malhi,sarabjit S & Jaswinder K
Quit Claim Deed
related
—
Oct 25, 2016
$550,841
Sarabjit S Malhi
Goldstein Jay A|pmg Investors LLC
Trustees Deed
related
—
Sep 27, 2013
$600,000
Pmg Investors LLC
South Sound Bk
Grant Deed
$720,000 · South Sound Bank
Jun 8, 2012
$1,293,853
Sound Bk South
Phillips Richard G JR
Trustees Deed
related
—
Mar 10, 2009
$1,165,000
Dnk Petroleum INC
Mjm Group INC
Warranty Deed
$137,937 · Stan's C-stores INC
Apr 3, 2007
$870,000
Mjm Group INC
Stans C-stores INC
Warranty Deed
$1,440,000 · South Sound Bank
Jun 2, 2006
$830,000
Stans C-stores INC
Fox Ents INC
Warranty Deed
$1,315,282 · South Sound Bank
—
—
Fox Ents INC
—
Deed Of Trust
related
$25,000 · Venture Bank
—
—
Stans C-stores INC
—
Deed Of Trust
related
—
—
—
Manmohan Grewal
—
Deed Of Trust
related
$250,000 · Sarbjit S Malhi
—
—
Fox Enterprises INC
—
Deed Of Trust
related
$473,000 · First Community Bank
—
—
Fox Enterprises INC
—
Deed Of Trust
related
$455,000 · First Community Bank Washingto
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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