Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$465,000
Drive through restaurants
2110 Mildred W St University Place, WA 98466-6136
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1099877
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,354 SF
Lot
0.52 ac (22,800 SF)
Zoning code
C
APN
6465000048
UPID
US90-1099877
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
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$465k
Owner & transaction history
Mandel,robert R Living Trust · 5 yrs held
Mandel,robert R Living Trust
since 2020
Last sale
$407,189
7 recorded transactions
Zoning & alternative use
C · University Place, WA
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 University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place 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
$465,000
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$465k
Range $419k – $512k · ±10% · vs last sale $407k (Sep 17 2020)
Last sale anchor
$407k
Sep 17 2020
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
$198 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,421
Tax year 2024
Assessed value
$863,600
Assessed 2024
Previous assessed
$863,600
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$494,300
Assessed improvement
$369,300
Land market value
$494,300
Improvement market value
$369,300
Total market value
$863,600
Applied tax rate
752.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
2,354 SF
Lot
0.52 ac (22,800 SF)
Zoning code
C
APN
6465000048
UPID
US90-1099877
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C · University Place, WAZoning C · permitted uses
C · University Place, WA
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Mandel,robert R Living Trust
Trust
Mailing address
5243 WALDRON DR NE, OLYMPIA, WA 98516-1383
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2020
—
Mandel,robert R Living Trust
Robert R Living Mandel
Quit Claim Deed
related
—
Sep 26, 2006
—
Mandel Robert R Living Trust
Mandel,robert R
Quit Claim Deed
related
—
Nov 22, 2004
—
Robert R Mandel
Mandel,rayne L
Quit Claim Deed
related
—
Jul 20, 1998
$407,189
Robert R Mandel
Percentage Investors
Grant Deed
$281,500 · Ncb Funding Group
—
—
Robert M Mandel
—
Deed Of Trust
related
$80,500 · Percentage Investors
—
—
Robert R Mandel
—
Deed Of Trust
related
$379,600 · Key Bank NA
—
—
Robert R Mandel
—
Deed Of Trust
related
$80,000 · Rayne L Mandel
—
—
Mandel Robert R Living Trust
—
Deed Of Trust
related
$835,900 · Key Bank NA
—
—
Mandel Robert R Living Trust
—
Deed Of Trust
related
$860,000 · Key Bank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2110 Mildred W St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
