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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
328 Rainier Ave Enumclaw, WA 98022
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1348932
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,400 SF
Lot
0.41 ac (17,976 SF)
Zoning code
HCB
APN
242006-9516
UPID
US90-1348932
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
$620k
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$510k
Blend (final)
Blend
$675k
Owner & transaction history
Fred S Towing Service INC · 5 yrs held
Fred S Towing Service INC
since 2021
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
HCB · Enumclaw, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+21.8%
Medical building
$950,000
+4.8%
Retail stores
$940,000
+4.1%
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 Enumclaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Enumclaw 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
$605,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$905,000
Current use
AUTO REPAIR, GARAGE
$1,100,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$950,000
Change: +5% · Conversion: Easy
RETAIL STORES
$940,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $750k (Feb 1 2021)
Last sale anchor
$750k
Feb 1 2021
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
$281 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,804
Tax year 2022
Assessed value
$732,300
Assessed 2022
Previous assessed
$732,300
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$269,600
Assessed improvement
$462,700
Land market value
$269,600
Improvement market value
$462,700
Total market value
$732,300
Applied tax rate
1,175.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
2,400 SF
Lot
0.41 ac (17,976 SF)
Zoning code
HCB
APN
242006-9516
UPID
US90-1348932
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HCB · Enumclaw, WA
Zoning HCB · permitted uses
HCB · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Enumclaw. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$950,000
RETAIL STORES
Est. value
$940,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL 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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Fred S Towing Service INC
Entity
Mailing address
209 RAINIER AVE, ENUMCLAW, WA 98022-3411
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2021
$750,000
Fred S Towing Service INC
E David Proctor
Warranty Deed
$600,000 · E David Proctor
Feb 23, 2001
—
E D Proctor
Proctor,lisa M
Quit Claim Deed
related
—
Mar 24, 1993
—
Cormier,james W&jeanne S
Section 1031 Ser
Grant Deed
related
—
—
—
E D Proctor
—
Deed Of Trust
related
$356,034 · Mt Rainier National Bank
—
—
James W Cormier
—
Deed Of Trust
related
$217,500 · Beneficial Mortgage Co
—
—
E David Proctor
—
Deed Of Trust
related
$500,000 · Us Bank NA
—
—
David E Prostor
—
Deed Of Trust
related
$173,000 · Evergreen Community Dev Assn
—
—
E D Proctor
—
Deed Of Trust
related
$450,000 · Mt Rainier National Bank
—
—
James W Cormier
—
Deed Of Trust
related
$10,951 · Individual
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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