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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Apartment buildings
304 Longmire NW St, Yelm, WA 98597-7620
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-2937172
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Construction
WOOD FRAME
Total area
6,756 SF
Lot
1 ac (43,560 SF)
APN
2172-44-10200
UPID
US90-2937172
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
-
River Run Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$832k
Blend (final)
Blend
$860k
Owner & transaction history
Out Of Bounds Properties LLC · 13 yrs held
Out Of Bounds Properties LLC
since 2013
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 Yelm submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yelm 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$127 / 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
$26,696
Tax year 2023
Assessed value
$2,872,800
Assessed 2022
Previous assessed
$2,245,500
+27.9% YoY
Effective rate
0.93%
On assessed value
Assessed land
$74,900
Assessed improvement
$2,797,900
Land market value
$74,900
Improvement market value
$2,797,900
Total market value
$2,872,800
Applied tax rate
170.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2015
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
WALL UNIT
Stories
2
Bathrooms
1
Total area
6,756 SF
Lot
1 ac (43,560 SF)
APN
2172-44-10200
UPID
US90-2937172
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
2015
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Out Of Bounds Properties LLC
Entity
Mailing address
6524 CROMWELL BCH DR NW, GIG HARBOR, WA 98335-7513
Ownership since
2013
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
Apr 19, 2013
$110,000
Out Of Bounds Properties LLC
Malan,mike C & Beverly
Warranty Deed
—
Dec 18, 2007
—
Malan,mike C & Beverly
Ht & F Invesments LLC
Quit Claim Deed
related
—
Dec 12, 2007
$193,961
Ht & F Investments LLC
Gms Construction Corp
Deed In Lieu Of Foreclosure
related
—
Oct 18, 2006
—
Plexcomm Homes LLC
—
Trustees Deed
related
$227,500 · Venture Bank
Sep 28, 2006
—
Plexcom Homes LLC
Gms Construction Corp
Quit Claim Deed
related
—
Nov 18, 2005
$300,000
Gms Construction Corp
Swartz,george A & Norma S
Warranty Deed
$297,156 · Ht&f Investments
Aug 6, 2002
$36,000
Pippin,brian L & Lila J
Northwest Housing Dev INC
Grant Deed
$118,000 · Rural Housing Service
—
—
Malan,michael C & Beverly L
—
Deed Of Trust
related
$225,655 · Venture 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.
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