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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Retail space
207 Yelm E Ave Yelm, WA 98597
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0088670
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,400 SF
Lot
0.28 ac (12,197 SF)
APN
6440-08-00200
UPID
US90-0088670
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
-
Yelm Vision Clinic Physician
-
South Puget Sound Habitat for Humanity Store Department Store
-
Home Town Garage City Government Office
-
Kim Eckroth Physician
-
Dr. David Hays Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
City Of Yelm · 1 yrs held
City Of Yelm
since 2025
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
$109 / 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
$5,899
Tax year 2023
Assessed value
$634,400
Assessed 2022
Previous assessed
$484,100
+31.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$151,100
Assessed improvement
$483,300
Land market value
$151,100
Improvement market value
$483,300
Total market value
$634,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Bathrooms
0
Total area
6,400 SF
Lot
0.28 ac (12,197 SF)
APN
6440-08-00200
UPID
US90-0088670
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Bathrooms
0
Lot
0.28 ac
Current owner
From public records · entity-resolved
City Of Yelm
Entity
Mailing address
PO BOX 2225, OLYMPIA, WA 98507-2225
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2025
—
City Of Yelm
South Puget Sound Habitat For Human
Warranty Deed
—
Jul 7, 2023
—
South Puget Sound Habitat For Human
—
Deed
related
$325,000 · 1st Security Bank Of Washington
Apr 3, 2017
$399,673
South Puget Sound Habitat For Human
Leyna Le
Warranty Deed
$320,000 · Anchor Bank
Apr 3, 2017
—
South Puget Sound Habitat
—
Deed
related
$320,000 · Anchor Bk
Nov 8, 2013
$250,637
Hien Giang
Kleinberg Alexander S
Trustees Deed
related
—
Mar 13, 2007
$380,000
S & T LLC
Demich C & R Living Trust
Warranty Deed
$475,903 · Key Bank NA
—
—
Charles R Demich
—
Deed Of Trust
related
$284,946 · Key Bank NA
—
—
Leyna Le
—
Deed Of Trust
related
$192,185 · Eastside Funding LLC
—
—
Leyna Le
—
Deed Of Trust
related
$192,185 · Eastside Funding LLC
—
—
S & T LLC
—
Deed Of Trust
related
$59,500 · Key Bank NA
—
—
South Puget Sound Habitat
—
Deed Of Trust
related
$320,000 · Anchor Bk
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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