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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Specialty properties
24407 440th St Enumclaw, WA 98022-7462
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1592023
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,333 SF
Lot
0.73 ac (31,684 SF)
Zoning code
R-2
APN
232006-9037
UPID
US90-1592023
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
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$906k
Blend (final)
Blend
$1.00M
Owner & transaction history
Henry Vance Holdings LLC · 2 yrs held
Henry Vance Holdings LLC
since 2024
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
R-2 · Enumclaw, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-2 district is intended for moderate density, urban residential use A stable and healthful environment together with the full range of urban services makes this an important land use of the community
Zone name
Residential 2
General category
RESIDENTIAL
Zone area
1,073.17 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.5M
+12.6%
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 Enumclaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Enumclaw 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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$1,360,000
Current use
AUTO REPAIR, GARAGE
$1,530,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$1,315,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$1,305,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$1,255,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Feb 7 2024)
Last sale anchor
$1.00M
Feb 7 2024
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
$300 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,514
Tax year 2022
Assessed value
$496,300
Assessed 2022
Previous assessed
$496,300
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$221,700
Assessed improvement
$274,600
Land market value
$221,700
Improvement market value
$274,600
Total market value
$496,300
Applied tax rate
1,175.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
3
Stories
2
Total area
3,333 SF
Lot
0.73 ac (31,684 SF)
Zoning code
R-2
APN
232006-9037
UPID
US90-1592023
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Enumclaw, WAZoning R-2 · permitted uses
R-2 · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-2 district is intended for moderate density, urban residential use A stable and healthful environment together with the full range of urban services makes this an important land use of the community
Zone name
Residential 2
General category
RESIDENTIAL
Zone area
1,073.17 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
VETERINARY, ANIMAL HOSPITAL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE 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
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
3
Lot
0.73 ac
Current owner
From public records · entity-resolved
Henry Vance Holdings LLC
Entity
Mailing address
21716 29TH ST E, LAKE TAPPS, WA 98391-5621
Ownership since
2024
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
Feb 7, 2024
$1,000,000
Henry Vance Holdings LLC
Enumclaw Country Animal Hospital
Warranty Deed
$850,000 · First Citizens Bank & Trust Co
Jul 31, 2003
—
Cnumclaw Country Animal Hospit
Horton,heather & Richard W
Quit Claim Deed
related
$335,000 · Mt Rainier National Bank
Sep 1, 1992
$100,000
Horton Heather
Harroun Steven D
Grant Deed
$100,000 · Seller
Aug 31, 1992
$100,000
Richard Horton JR.
Harroun
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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