New search
Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Industrial properties
2520 50th SW Ave, Tumwater, WA 98512-6701
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1624496
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
WOOD FRAME
Total area
1,250 SF
Lot
1.44 ac (62,726 SF)
APN
3372-00-00700
UPID
US90-1624496
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Henderson Warehousing LLC · 4 yrs held
Henderson Warehousing LLC
since 2022
Last sale
$623,500
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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
$540,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $624k (Feb 23 2022)
Last sale anchor
$624k
Feb 23 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
$460 / 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
$5,945
Tax year 2023
Assessed value
$609,400
Assessed 2022
Previous assessed
$533,800
+14.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$349,800
Assessed improvement
$259,600
Land market value
$349,800
Improvement market value
$259,600
Total market value
$609,400
Applied tax rate
440.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1980
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
WALL UNIT
Stories
1
Total area
1,250 SF
Lot
1.44 ac (62,726 SF)
APN
3372-00-00700
UPID
US90-1624496
Jurisdiction
THURSTON
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
1980
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Henderson Warehousing LLC
Entity
Mailing address
940 POPLAR ST SWSW, OLYMPIA, WA 98501
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
Feb 23, 2022
$623,500
Henderson Warehousing LLC
Makali Investments LLC
Bargain And Sale Deed
$470,000 · Umpqua Bank
Jul 25, 2002
$75,830
Makali Investments LLC
Hopkins,timothy B
Quit Claim Deed
related
—
Dec 23, 1997
$200,000
Tim Hopkins
Greenwood,william F & Alma
Grant Deed
$173,000 · Seller
Feb 3, 1997
$51,343
William F Greenwood
Olympic Precast Co
Trustees Deed
—
Feb 3, 1997
$94,862
William F Greenwood
Olympic Precast Co
Trustees Deed
—
Jul 26, 1993
$80,000
Olympic Precast Co
Unknown
Grant Deed
—
—
—
Makali Investments LLC
—
Deed Of Trust
$204,000 · South Sound Bank
—
—
Olympic Precast Co
—
Deed Of Trust
related
$45,054 · Individual
—
—
Makali Investments LLC
—
Deed Of Trust
related
$360,000 · South Sound Bank
—
—
Malaki Investments LLC
—
Deed Of Trust
related
$200,000 · South Sound 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2520 50th SW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
