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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Medical Office Space
2660 Griffin Ave Enumclaw, WA 98022-2325
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2012926
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1982
Construction
WOOD
Total area
1,642 SF
Lot
0.16 ac (7,000 SF)
Zoning code
GO
APN
232006-9324
UPID
US90-2012926
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
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$595k
Owner & transaction history
Lindstrom Very Good Rental Company · 2 yrs held
Lindstrom Very Good Rental Company
since 2023
Last sale
$605,000
2 recorded transactions
Zoning & alternative use
GO · Enumclaw, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$835,000
+29.1%
Auto repair, garage
$755,000
+16.2%
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
$575,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$650,000
Current use
COMMERCIAL (GENERAL)
$835,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$645,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $605k (Aug 14 2023)
Last sale anchor
$605k
Aug 14 2023
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
$362 / 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
$4,480
Tax year 2022
Assessed value
$492,600
Assessed 2022
Previous assessed
$492,600
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$110,000
Assessed improvement
$382,600
Land market value
$110,000
Improvement market value
$382,600
Total market value
$492,600
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
1,642 SF
Lot
0.16 ac (7,000 SF)
Zoning code
GO
APN
232006-9324
UPID
US90-2012926
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GO · Enumclaw, WA
Zoning GO · permitted uses
GO · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Enumclaw. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$755,000
RETAIL STORES
Est. value
$645,000
OFFICE BUILDING
Est. value
$620,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1982
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Lindstrom Very Good Rental Company
Entity
Mailing address
41707 207TH AVE SE, ENUMCLAW, WA 98022-8511
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2023
$605,000
Lindstrom Very Good Rental Company
Bergstrom 2660 Griffin Ave LLC
Warranty Deed
$484,000 · Umpqua Bank
Jan 17, 2008
—
Bergstrom 2648 Griffin Ave LLC
Bergstrom,neil E
Quit Claim 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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