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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Retail space
2501 Milton Way Milton, WA 98354-9314
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1747477
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
WOOD FRAME
Total area
4,930 SF
Lot
0.6 ac (26,136 SF)
Zoning code
B
APN
420044077
UPID
US90-1747477
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
-
Rainbow Connection Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$960k
Owner & transaction history
All Saints Anglican Church Federal · 4 yrs held
All Saints Anglican Church Federal
since 2022
Last sale
$895,000
7 recorded transactions
Zoning & alternative use
B · Milton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Business districts are intended to provide goods and services in support of the citys residential population. Due to the relative scarcity of appropriate areas for business development
Zone name
Business District
General category
COMMERCIAL
Zone area
197.30 ac
Source
Realmo
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
$1,170,000
ML approach
$1,120,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,510,000
Current use
WAREHOUSE, STORAGE
$1,470,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$1,355,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $895k (Jun 24 2022)
Last sale anchor
$895k
Jun 24 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
$195 / 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
$8,204
Tax year 2024
Assessed value
$820,800
Assessed 2024
Previous assessed
$820,800
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$379,800
Assessed improvement
$441,000
Land market value
$379,800
Improvement market value
$441,000
Total market value
$820,800
Applied tax rate
79.0000
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
1960
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
4,930 SF
Lot
0.6 ac (26,136 SF)
Zoning code
B
APN
420044077
UPID
US90-1747477
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
B · Milton, WAZoning B · permitted uses
B · Milton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Business districts are intended to provide goods and services in support of the citys residential population. Due to the relative scarcity of appropriate areas for business development
Zone name
Business District
General category
COMMERCIAL
Zone area
197.30 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES Current
WAREHOUSE, STORAGE
MEDICAL 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
1960
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
All Saints Anglican Church Federal
Entity
Mailing address
2501 MILTON WAY, MILTON, WA 98354-9314
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
$895,000
All Saints Anglican Church Federal
Zalema Kuedituka
Warranty Deed
$500,000 · Socotra Reit I LLC
Jun 24, 2022
—
Zalema Kuedituka
Dan Calvin
Warranty Deed
—
Jul 14, 2020
$825,000
Zalema Kuedituka
Dan Calvin
Grant Deed
—
May 30, 2001
$415,000
Dan Calvin
Leetch,steven J
Grant Deed
$355,000 · Steven J
Feb 7, 1997
$300,000
Robert A Bryant
Leetch,michael & Steven S
Grant Deed
$259,800 · Seller
Nov 20, 1995
$189,837
Steven S Leetch
Myers,james A & Mary M
Grant Deed
$189,837 · Seller
Aug 30, 1994
$220,000
James A Myers
Mattingly,steven
Grant Deed
$204,635 · Pacific Coast Investment Co
Apr 15, 1988
$175,000
Steven W Mattingly
Strand.,et Al
Grant Deed
$175,000 · Et Al
—
—
Danny G Calvin
—
Deed Of Trust
related
$228,300 · Sterling Savings Bank
—
—
Danny G Calvin
—
Deed Of Trust
related
$540,000 · Bank Of America
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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