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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
235 3rd St, Raymond, WA 98577-2410
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1894852
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Total area
9,000 SF
Lot
0.21 ac (9,148 SF)
APN
72039021018
UPID
US90-1894852
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
-
Raymond Furniture Furniture & Home Goods Home Decor Store
-
Everyone's Video & More (Bike/Boat/Book/etc) Store Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$487k
Blend (final)
Blend
$530k
Owner & transaction history
Patricia R Bisbee · 1 yrs held
Patricia R Bisbee
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 Raymond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raymond 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$59 / 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
$2,547
Tax year 2024
Assessed value
$342,400
Assessed 2024
Previous assessed
$342,400
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$65,000
Assessed improvement
$277,400
Land market value
$65,000
Improvement market value
$277,400
Total market value
$342,400
Applied tax rate
39.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1910
Heating
NONE
Total area
9,000 SF
Lot
0.21 ac (9,148 SF)
APN
72039021018
UPID
US90-1894852
Jurisdiction
PACIFIC
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
1910
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Patricia R Bisbee
Individual
Mailing address
PO BOX 343, SOUTH BEND, WA 98586-0343
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
$70,000
Patricia R Bisbee
Terry Lewis
Deed
related
$256,800 · Security State Bank
Feb 28, 2025
—
Bisbee Ventures LLC
William M Bisbee
Quitclaim Deed
related
—
Sep 22, 2016
—
William Bisbee
Hanson,kaley & Samantha
Quit Claim Deed
related
—
Jul 15, 2016
$113,886
William Bisbee
Hanson,kaley & Samantha
Quit Claim Deed
related
—
Oct 1, 2015
$189,101
Patricia R Bisbee
Lewis,terry & Marian
Warranty Deed
$280,000 · Terry & Marian Lewis
Oct 1, 2015
$70,000
Patricia R Bisbee
Lewis,terry & Marian
Dual Purpose Document
related
$70,000 · Terry & Marian Lewis
Sep 21, 2007
—
Terry Lewis
Swanson,judith
Quit Claim Deed
related
$12,000 · Raymond Federal Bank
—
—
Terry Lewis
—
Deed Of Trust
related
$47,000 · Raymond Federal 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.
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