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Property profile & analytics
OFF-MARKET
Estimated value
$4,425,000
Office Spaces
2896 29th SW Ave, Tumwater, WA 98512-6155
Entity Owned
33-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1388963
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Construction
STEEL FRAME
Total area
43,115 SF
Lot
2.97 ac (129,373 SF)
APN
6305-00-01000
UPID
US90-1388963
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
by Request
CAP Approach
CAP
$5.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.43M
Owner & transaction history
Pbj Contracting INC · 33 yrs held
Pbj Contracting INC
since 1992
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,890,000
6.5%
$5,435,000
7%
$5,045,000
Blend value · Realmo final
$4.43M
Range $3.98M – $4.87M · ±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
$103 / 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
$40,607
Tax year 2023
Assessed value
$4,168,400
Assessed 2022
Previous assessed
$2,235,300
+86.5% YoY
Effective rate
0.97%
On assessed value
Assessed land
$741,900
Assessed improvement
$3,426,500
Land market value
$741,900
Improvement market value
$3,426,500
Total market value
$4,168,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Total area
43,115 SF
Lot
2.97 ac (129,373 SF)
APN
6305-00-01000
UPID
US90-1388963
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
1994
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.97 ac
Current owner
From public records · entity-resolved
Pbj Contracting INC
Entity
Free & Clear · 33 yrs held
Mailing address
2400 CALLISON RD NE, LACEY, WA 98516-3154
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
—
Callisons INC
—
Deed
related
$15,000,000 · Wells Fargo Bank NA
May 8, 2012
—
Callisons INC
—
Deed Of Trust
related
$49,081,250 · Wells Fargo Bank
Feb 25, 2011
—
Callisons INC
—
Deed Of Trust
related
$49,100,000 · Wells Fargo Bank
Jan 29, 2009
—
Callisons INC
—
Deed Of Trust
related
$35,000,000 · Wells Fargo Hsbc Trade Bank
Oct 20, 2008
—
Callisons INC
—
Deed Of Trust
related
$3,037,000 · Wells Fargo Equipment Fin
Aug 20, 1992
$116,437
Pbj Contracting INC
Unknown
Grant Deed
—
Jul 12, 1989
$64,000
Jack Jack Martin
Schmidt, Philip H.
Grant Deed
$32,000
—
—
Callisons INC
—
Deed Of Trust
related
—
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
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