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Property profile & analytics
OFF-MARKET
Estimated value
$3,385,000
Warehouses
3139 Ferguson SW Ct Tumwater, WA 98512-5103
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1139317
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,600 SF
Lot
6.53 ac (284,447 SF)
APN
6308-00-03800
UPID
US90-1139317
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
$3.27M
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$3.39M
Owner & transaction history
3005 LLC · 11 yrs held
3005 LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+85.2%
Restaurant
$3.1M
+58.2%
Industrial (general)
$2.7M
+40.1%
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%
$3,545,000
6.5%
$3,270,000
7%
$3,035,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,615,000
Change: +85% · Conversion: Easy
RESTAURANT
$3,085,000
Change: +58% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,735,000
Change: +40% · Conversion: Easy
OFFICE BUILDING
$2,695,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$2,530,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$3.39M
Range $3.05M – $3.72M · ±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
$157 / 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
$74,216
Tax year 2024
Assessed value
$7,427,200
Assessed 2023
Previous assessed
$7,253,200
+2.4% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,521,200
Assessed improvement
$4,906,000
Land market value
$2,521,200
Improvement market value
$4,906,000
Total market value
$7,427,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
21,600 SF
Lot
6.53 ac (284,447 SF)
APN
6308-00-03800
UPID
US90-1139317
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.6M
RESTAURANT
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.5M
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
6.53 ac
Current owner
From public records · entity-resolved
3005 LLC
Entity
Mailing address
111 PO BOX 11159TH AVE SW, OLYMPIA, WA 98508-1159
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
—
3005 LLC
—
Deed
related
$2,370,500 · Wheatland Bank
May 27, 2022
—
3005 LLC
—
Deed
related
$14,200,000 · Glacier Bank
Apr 8, 2015
$5,609,719
3005 LLC
Northwest Investors Pj II LLC
Warranty Deed
$18,700,000 · Wells Fargo Bank NA
Apr 14, 1999
—
Northwest Investors Pj II LLC
Rg & Associates
Quit Claim Deed
related
—
Aug 31, 1998
$2,175,000
Northwest Investors Pj LLC
Ellehammer Packaging INC
Grant Deed
$721,000 · Transparent Ellehammer
—
—
Northwest Investors Pj II LLC
—
Deed Of Trust
related
$907,223 · Heritage Bank
—
—
Northwest Investors Pj II LLC
—
Deed Of Trust
related
$1,875,000 · Heritage Bank
—
—
Transparent Ellehammer Product
—
Deed Of Trust
related
$2,000,000 · Us Bank Of Washington
—
—
3005 LLC
—
Loan Modification
related
$792,500 · Wells Fargo Bk
—
—
Northwest Investors P J II LLC
—
Deed Of Trust
related
$250,000 · Heritage Savings Bank Fsb
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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