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    2479 Griffin Ave Enumclaw, WA 98022-2409
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    Property profile & analytics

    2479 Griffin Ave, Enumclaw, WA 98022-2409

    View on Map
    • Office buildings
    • 7,260 SF
    • 0.35 lot acres
    Off-Market
    Last Sale Aug 5, 2025
    Property ID
    US90-0505441
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2479 Griffin Ave

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Zone code
    GO
    Property type
    Office buildings
    APN
    866100-0005
    APU
    8661000005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 5, 2025 — State Of Washington Phillips 66 Company Deed —
    Mar 4, 2025 — State Of Washington Phillips 66 Company Deed —
    Dec 24, 2013 $585,000 Phillips 66 Co First Svgs Bk Nw Grant Deed —
    Sep 23, 2010 $630,000 Svgs Bk Nw First Rainier Foreclosure Svcs Trustees Deed · related —
    May 9, 2008 — City Of Enumclaw Cottages At Madison Square LLC Warranty Deed —
    — — Cottages At Madison Square LLC — Deed Of Trust · related $125k · Norman C Case
    — — Cottages At Madison Square LLC — Deed Of Trust · related $200k · Norman C Casse
    — — Cottages At Madison Square LLC — Deed Of Trust · related $659k · Heritage Bank
    — — Cottages At Madison Square LLC — Deed Of Trust · related $987k · First Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $912,000
      Market price range: $441k - $1.67M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,515,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Enumclaw
    County
    King
    State
    Washington
    Longitude
    -122.001
    Latitude
    47.2068
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $11,911
    $182,400
    $1,128,400
    $1,310,800
    -
    $182,400
    $1,128,400
    $1,310,800

    Comparable in this City

    • Value Estimation
      $1,405,000
      5,400 SF

      Us Frst Service 212th Rd

      OFFICE BUILDING
      Us Frst Service 212th Rd, Enumclaw, WA 98022
      View Details
    • Value Estimation
      $735,000
      2,747 SF

      3255 Griffin Ave

      OFFICE BUILDING
      3255 Griffin Ave, Enumclaw, WA 98022-2345
      View Details
    • Value Estimation
      $740,000
      2,400 SF

      31810 Hwy 410

      OFFICE BUILDING
      31810 Hwy 410, Enumclaw, WA 98022-8018
      View Details
    • Value Estimation by Request
      500 SF

      922 Roosevelt E Ave

      OFFICE BUILDING
      922 Roosevelt E Ave, Enumclaw, WA 98022-8250
      View Details
    • Value Estimation
      $1,210,000
      7,235 SF

      1731 Cole St

      OFFICE BUILDING
      1731 Cole St, Enumclaw, WA 98022-3558
      View Details
    • Value Estimation by Request
      730 SF

      719 Griffin Ave

      OFFICE BUILDING
      719 Griffin Ave, Enumclaw, WA 98022-3419
      View Details

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      Downtown Enumclaw Work/Live Building Lot

      Prime downtown Enumclaw lot with work/live zoning.
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      Pending

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      Pending

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    Similar Nearby for Lease

    • $1,811 /Mo
      1,144 SF

      Enumclaw Office or Medical Space

      Office or medical space with high visibility and ample parking.
      860 Cole St, Enumclaw, WA 98022
      View Details
    • $3,003 /Mo
      3,003 SF

      Industrial Space in Enumclaw Available

      High-quality industrial space for lease with modern office.
      702 Battersby Ave, Enumclaw, WA 98022
      View Details
    • $11,626 /Mo
      11,626 SF

      Enumclaw Industrial Space For Lease

      High-quality industrial space with modern office and convenient amenities.
      702 Battersby Ave, Enumclaw, WA 98022
      View Details
    • $22,616
      20,560 SF

      Enumclaw Industrial Space with Yard

      Industrial space with secured yard and multiple grade-level doors.
      1724 Garrett St, Enumclaw, WA 98022
      View Details
    • $1,404 /Mo
      1,300 SF

      Enumclaw Flex Space For Rent

      Flex space suitable for storage, distribution, and light fabrication.
      2024 Farman St N, Enumclaw, WA 98022
      View Details
    • $1,980 /Mo
      1,500 SF

      Enumclaw Flex Space For Rent

      Flex space suitable for storage, distribution, and light fabrication.
      2024 Farman St N, Enumclaw, WA 98022
      View Details
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    Enumclaw, WA 98022-2409
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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