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Property profile & analytics
OFF-MARKET
Estimated value
$17,945,000
Office buildings
310 Israel SE Rd, Tumwater, WA 98501-5567
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1548817
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
93,672 SF
Lot
3.43 ac (149,411 SF)
Zoning code
LI/C
APN
3700-00-01101
UPID
US90-1548817
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
by Request
CAP Approach
CAP
$20.02M
Comparable Approach
Comparable
$15.03M
Blend (final)
Blend
$17.95M
Owner & transaction history
Department Of Labor And Industries · 5 yrs held
Department Of Labor And Industries
since 2021
7 recorded transactions
Zoning & alternative use
LI/C · Tumwater, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$23.7M
+5.8%
Retail stores
$23.2M
+3.4%
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%
$21,690,000
6.5%
$20,020,000
7%
$18,590,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$22,390,000
Current use
COMMERCIAL (GENERAL)
$23,690,000
Change: +6% · Conversion: Easy
RETAIL STORES
$23,150,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$17.95M
Range $16.15M – $19.74M · ±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
$192 / 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
$291,922
Tax year 2023
Assessed value
$29,973,100
Assessed 2022
Previous assessed
$21,353,700
+40.4% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,046,700
Assessed improvement
$28,926,400
Land market value
$1,046,700
Improvement market value
$28,926,400
Total market value
$29,973,100
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
3
Total area
93,672 SF
Lot
3.43 ac (149,411 SF)
Zoning code
LI/C
APN
3700-00-01101
UPID
US90-1548817
Jurisdiction
THURSTON
Zoning & alternative use
LI/C · Tumwater, WA
Zoning LI/C · permitted uses
LI/C · Tumwater, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tumwater. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$22.4M
COMMERCIAL (GENERAL)
Est. value
$23.7M
RETAIL STORES
Est. value
$23.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2003
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Lot
3.43 ac
Current owner
From public records · entity-resolved
Department Of Labor And Industries
Entity
Mailing address
PO BOX 430, ARLINGTON, WA 98223-0430
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2024
—
Vine Street Investors Conduit Two L
—
Deed
related
$37,000,000 · Coastal Community Bank
Apr 5, 2021
—
Department Of Labor And Industries
Vine Street Investors Conduit Two L
Lease
—
Apr 10, 2018
—
Vine Street Investors LLC
—
Loan Modification
related
$57,529,600 · Wfb NA
Dec 27, 2016
—
Vine Street Investors Conduit Two L
—
Deed
related
$58,000,000 · Wells Fargo Bank NA
Apr 10, 2012
—
Vine Street Investors-conduit
—
Deed Of Trust
related
$16,000,000 · Bank Of America
Oct 29, 2001
—
Vine Street Investors LLC
—
Trustees Deed
related
$10,700,000 · Evertrust Bank
—
—
Vine Street Investors LLC
—
Deed Of Trust
related
$375,000 · Commerce Bank Of Washington
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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