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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Office Spaces
2825 Milton Way Milton, WA 98354-8034
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1402178
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1998
Construction
WOOD FRAME
Total area
6,256 SF
Lot
1.05 ac (45,694 SF)
Zoning code
B
APN
420048014
UPID
US90-1402178
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
-
Cornerstone Duplexes Apartment Building
-
World Language Services LLC Translation Service
-
United States Postal Service Post Office Logistics Service
-
Integrative Feminine Wellness Physician
-
Hear Usa Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.16M
Owner & transaction history
Roeben,e W & F L Living Trust · 11 yrs held
Roeben,e W & F L Living Trust
since 2015
5 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,060,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,915,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$1,865,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$1,715,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10%
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
$185 / 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
$13,826
Tax year 2024
Assessed value
$1,384,000
Assessed 2024
Previous assessed
$1,384,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$937,800
Assessed improvement
$446,200
Land market value
$937,800
Improvement market value
$446,200
Total market value
$1,384,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1998
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,256 SF
Lot
1.05 ac (45,694 SF)
Zoning code
B
APN
420048014
UPID
US90-1402178
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
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES
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
1998
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Roeben,e W & F L Living Trust
Trust
Mailing address
22104 N GOLF CLB DR, SUN CITY WEST, AZ 85375-2078
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2015
$1,150,000
Roeben,e W & F L Living Trust
Milton Family LLC
Grant Deed
$350,000 · Atlanta Postal Cu
Jan 22, 1999
$1,240,000
Borstein Partners Ltd
Knutsen,robert J
Grant Deed
—
—
—
Robert J Knutsen
—
Deed Of Trust
related
$800,000 · Centennial Bank
—
—
Robert J Knutsen
—
Deed Of Trust
related
$900,000 · Source Capital Corp
—
—
Robert J Knutsen
—
Deed Of Trust
related
$19,130 · Washington Architectural Hardw
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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