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Property profile & analytics
OFF-MARKET
Estimated value
$3,920,000
Retail space
22816 State Rte 410th E Bonney Lake, WA 98391-4038
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1653349
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
WOOD FRAME
Total area
9,600 SF
Lot
2.84 ac (123,493 SF)
Zoning code
C2-C3
APN
519025027
UPID
US90-1653349
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
$5.15M
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.92M
Owner & transaction history
SR 410 LLC · 3 yrs held
SR 410 LLC
since 2022
Last sale
$4.2M
4 recorded transactions
Zoning & alternative use
C2-C3 · Bonney Lake, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+50.5%
Commercial (general)
$4.1M
+39.9%
Neighborhood: shopping center
$4.1M
+39.2%
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
by Request
ML approach
$5,145,000
CAP Approach
CAP Return
Estimation
6%
$2,665,000
6.5%
$2,460,000
7%
$2,285,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,940,000
Current use
RESTAURANT
$4,425,000
Change: +50% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,115,000
Change: +40% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,090,000
Change: +39% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,055,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,530,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,995,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,865,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.92M
Range $3.53M – $4.31M · ±10% · vs last sale $4.20M (Nov 30 2022)
Last sale anchor
$4.20M
Nov 30 2022
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
$408 / 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
$15,469
Tax year 2024
Assessed value
$1,557,600
Assessed 2024
Previous assessed
$1,557,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,171,800
Assessed improvement
$385,800
Land market value
$1,171,800
Improvement market value
$385,800
Total market value
$1,557,600
Applied tax rate
43.0000
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
1984
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Total area
9,600 SF
Lot
2.84 ac (123,493 SF)
Zoning code
C2-C3
APN
519025027
UPID
US90-1653349
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
RESTAURANT
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.9M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1984
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.84 ac
Current owner
From public records · entity-resolved
SR 410 LLC
Entity
Mailing address
12126 SE 284TH ST, AUBURN, WA 98092-4004
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
$4,200,000
SR 410 LLC
M&s Investment Properties LLC
Warranty Deed
$2,100,000 · Columbia State Bank
Dec 6, 2016
$1,349,719
M & S Investment Properties LLC
Ln Real Estate LLC
Special Warranty Deed
$999,999 · Us Bank NA
Feb 10, 2006
—
Ln Real Estate LLC
Lumbermens INC
Warranty Deed
—
Mar 1, 1991
$5,035,000
Lumbermen's Of Washington INC
Unknown
Grant Deed
—
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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