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Property profile & analytics
OFF-MARKET
Estimated value
$5,065,000
Retail space
22218 Meridian E Graham, WA 98338-8987
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1772115
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,230 SF
Lot
2.48 ac (108,029 SF)
Zoning code
RAC
APN
418098009
UPID
US90-1772115
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
by Request
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
$5.71M
Blend (final)
Blend
$5.07M
Owner & transaction history
Crown Hotel Building LLC · 10 yrs held
Crown Hotel Building LLC
since 2016
7 recorded transactions
Zoning & alternative use
RAC · Graham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.1M
+8.6%
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 Graham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Graham 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,500,000
6.5%
$3,230,000
7%
$3,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,420,000
Current use
COMMERCIAL (GENERAL)
$8,055,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$7,230,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$6,650,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$5.07M
Range $4.56M – $5.57M · ±10%
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
$209 / 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
$81,352
Tax year 2024
Assessed value
$6,690,200
Assessed 2024
Previous assessed
$6,690,200
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,935,400
Assessed improvement
$4,754,800
Land market value
$1,935,400
Improvement market value
$4,754,800
Total market value
$6,690,200
Applied tax rate
578.0000
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
9
Total area
24,230 SF
Lot
2.48 ac (108,029 SF)
Zoning code
RAC
APN
418098009
UPID
US90-1772115
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RAC · Graham, WAZoning RAC · permitted uses
RAC · Graham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$8.1M
WAREHOUSE, STORAGE
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
9
Lot
2.48 ac
Current owner
From public records · entity-resolved
Crown Hotel Building LLC
Entity
Mailing address
PO BOX 997, SNOQUALMIE, WA 98065-0997
Ownership since
2016
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
May 21, 2025
—
Crown Hotel Building LLC
—
Deed
related
$3,800,000 · Twinstar Cu
Jul 13, 2016
$6,075,000
Crown Hotel Building LLC
Hogback Graham Lda LLC
Warranty Deed
$4,325,000 · Boeing Emps Cu
Mar 18, 2015
—
Hogback Graham Lda LLC
Graham 224 LLC
Quit Claim Deed
related
—
Oct 10, 2014
$2,999,719
Hogback Graham Lda LLC
Graham 224 LLC
Warranty Deed
$3,000,000 · Columbia State Bank
May 18, 2011
—
Graham 224 LLC
—
Deed Of Trust
related
$2,300,000 · Columbia State Bank
Mar 4, 2010
—
Graham 224 LLC
—
Deed Of Trust
related
$2,261,250 · Columbia State Bank
Dec 13, 2007
—
Graham LLC
Zenczak Living Trust
Warranty Deed
—
Feb 14, 2003
$3,195,000
Zenczak,tr
Graham Square Associates
Grant Deed
—
Dec 5, 2001
$2,488,319
Graham Square Associates
Graham Square I LLC
Trustees Deed
related
—
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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