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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Commercial real estate
24 Orondo Loop Rd, Orondo, WA 98843-9676
Individually Owned
9-yr Hold
Free & Clear
Property ID
US90-1905969
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,145 SF
Lot
5 ac (217,800 SF)
Zoning code
AC-10
APN
25213210015
UPID
US90-1905969
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
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.36M
Owner & transaction history
Richard R Lancaster · 9 yrs held
Richard R Lancaster
since 2017
6 recorded transactions
Zoning & alternative use
AC-10 · Orondo, 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 Orondo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orondo 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
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$22 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$24,780
Tax year 2023
Assessed value
$3,637,800
Assessed 2023
Previous assessed
$3,637,800
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$18,100
Assessed improvement
$3,619,700
Land market value
$27,500
Improvement market value
$3,619,700
Total market value
$3,647,200
Applied tax rate
95.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
62,145 SF
Lot
5 ac (217,800 SF)
Zoning code
AC-10
APN
25213210015
UPID
US90-1905969
Jurisdiction
DOUGLAS
Zoning & alternative use
AC-10 · Orondo, WA
Zoning AC-10 · permitted uses
AC-10 · Orondo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orondo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
5 ac
Current owner
From public records · entity-resolved
Richard R Lancaster
Individual
Free & Clear · 9 yrs held
Mailing address
PO BOX 135, ORONDO, WA 98843-0135
Ownership since
2017
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
Apr 3, 2025
—
Pine Canyon Land Co LLC
—
Deed
related
$4,090,201 · Peoples Bank
Feb 6, 2020
—
Pine Canyon Land Co LLC
—
Deed
related
$2,000,000 · Peoples Bank
Feb 2, 2017
—
Richard R Lancaster
Rocs Farms LLC
Quit Claim Deed
related
—
Feb 2, 2017
$300,000
Pine Canyon Land Co LLC
Lancaster,richard R & Sandra K
Warranty Deed
—
Dec 23, 2016
—
Rocs Farms LLC
Rocs Farms LLC
Quit Claim Deed
related
—
Dec 27, 2012
$685,000
Rocs Farms LLC
Lancaster,richard R & Flora A
Warranty Deed
$685,000 · Richard R & Flora A Lancaster
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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