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Property profile & analytics
FOR LEASE
Office Spaces
22015 State Route 410 E Bonney Lake, WA 98391
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0695907
No photos on file
For Lease
$2,185,000
22015 State Route 410 E, Bonney Lake, WA 98391
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Construction
WOOD FRAME
Total area
2,614 SF
Lot
3.65 ac (158,994 SF)
Zoning code
C2-C3
APN
519026001
UPID
US90-0695907
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
$2.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.19M
Owner & transaction history
Prospect Rcl LLC · 2 yrs held
Prospect Rcl LLC
since 2023
Last sale
$2.1M
6 recorded transactions
Zoning & alternative use
C2-C3 · Bonney Lake, 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 Bonney Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bonney Lake 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
$2,300,000
ML approach
$2,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $2.10M (Oct 31 2023)
Last sale anchor
$2.10M
Oct 31 2023
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
$836 / 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
$6,229
Tax year 2024
Assessed value
$624,100
Assessed 2024
Previous assessed
$624,100
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$623,100
Assessed improvement
$1,000
Land market value
$623,100
Improvement market value
$1,000
Total market value
$624,100
Applied tax rate
44.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1978
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Bathrooms
2
Total area
2,614 SF
Lot
3.65 ac (158,994 SF)
Zoning code
C2-C3
APN
519026001
UPID
US90-0695907
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2-C3 · Bonney Lake, WA
Zoning C2-C3 · permitted uses
C2-C3 · Bonney Lake, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bonney Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Bathrooms
2
Lot
3.65 ac
Current owner
From public records · entity-resolved
Prospect Rcl LLC
Entity
Free & Clear · 2 yrs held
Mailing address
9713 233RD AVE E STE A, BONNEY LAKE, WA 98391-2902
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$2,100,000
Prospect Rcl LLC
Nur Afh LLC
Warranty Deed
—
Oct 19, 2020
$618,000
Nur Afh LLC
Tan Phu Cuong Investment LLC
Warranty Deed
—
Aug 21, 2020
—
Tan Phu Cuong Investment LLC
—
Deed
related
$800,000 · Bank Of Richmondville
Sep 10, 2019
$575,000
Tan Phu Cuong Investment LLC
Thola Mary J
Warranty Deed
$450,000 · Thola Mary J (es)
Aug 26, 1994
$205,000
Mary J Thola
Dalan,laverne
Grant Deed
$170,000 · Seller
—
—
Mary J Thola
—
Deed Of Trust
related
$185,000 · Interwest Savings 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.
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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