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Property profile & analytics
OFF-MARKET
Estimated value
$104,175,000
Office Spaces
3300 Hogum Bay Rd Nea Lacey, WA 98516-3111
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0363467
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
709,886 SF
Lot
39.25 ac (1,709,730 SF)
APN
1180-21-10000
UPID
US90-0363467
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
$89.49M
Comparable Approach
Comparable
$94.37M
Blend (final)
Blend
$104.18M
Owner & transaction history
Dipif4 Wa 11 Lacey LLC · 3 yrs held
Dipif4 Wa 11 Lacey LLC
since 2023
Last sale
$132.1M
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 Lacey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lacey 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%
$96,945,000
6.5%
$89,485,000
7%
$83,095,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$151,985,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$104.18M
Range $93.76M – $114.59M · ±10% · vs last sale $132.10M (Jun 6 2023)
Last sale anchor
$132.10M
Jun 6 2023
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
$147 / 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
$846,949
Tax year 2023
Assessed value
$89,166,200
Assessed 2022
Previous assessed
$89,166,200
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$5,152,700
Assessed improvement
$84,013,500
Land market value
$5,152,700
Improvement market value
$84,013,500
Total market value
$89,166,200
Applied tax rate
241.0000
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
709,886 SF
Lot
39.25 ac (1,709,730 SF)
APN
1180-21-10000
UPID
US90-0363467
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
OFFICE BUILDING
Est. value
$152.0M
OFFICE BUILDING
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
39.25 ac
Current owner
From public records · entity-resolved
Dipif4 Wa 11 Lacey LLC
Entity
Mailing address
5500 EQUITY AVE, RENO, NV 89502-2343
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2023
—
Dpif4 Wa 11 Lacey LLC
—
Deed
related
$60,000,000 · Swiss Re Life & Health America INC
Jun 6, 2023
$132,100,142
Dipif4 Wa 11 Lacey LLC
Ppf Industrial 3301 Hogum Bay Road
Bargain And Sale Deed
—
May 1, 2020
—
Ppf Indl 3301 Hogum Bay Road
Bridge Point Lacey LLC
Grant Deed
—
Feb 27, 2019
—
Bridge Point Lacey LLC
—
Grant Deed
related
$45,875,000 · Miscellaneous Ins Co
Jan 17, 2019
—
Bridge Point Lacey LLC
Hogum Bay LLC
Grant Deed
related
—
Aug 15, 2018
$11,000,000
Bridge Point Lacey LLC
Hogum Bay LLC
Warranty Deed
—
Nov 15, 2011
$3,267,000
Hogum Bay LLC
First Citizens Bk & Trust Co
Grant Deed
—
Feb 18, 2011
$3,383,500
First Citizens Bk & Trust Co
Donahue Terrence J
Trustees Deed
related
—
Jul 21, 2005
—
Michael R Mastro
—
Deed Of Trust
related
$7,500,000 · Banner Bank
Oct 10, 2001
—
Michael R Mastro
Hawks Prairie Industrial Prope
Grant Deed
related
—
Mar 22, 1999
$1,358,071
Hawks Prairie Industrial Prope
Bain Trust
Quit Claim Deed
related
$1,485,000 · Paradigm Financial Servics INC
Sep 8, 1998
$52,654
Paul Brain
Properties Four INC
Trustees Deed
—
Mar 27, 1998
$406,000
James T Takisaki
Pacific Coast Inv Co
Trustees Deed
—
Mar 27, 1998
$410,500
James T Takisaki
Pacific Coast Inv Co
Trustees Deed
—
Mar 14, 1997
$1,786,284
Asset Recovery Services INC
Takisaki,james T
Trustees Deed
related
—
Dec 6, 1989
$1,425,000
Founders Group INC
Unknown
Grant Deed
—
May 27, 1988
$2,078,400
INC INC Founders Group
Burlington Northern INC
Grant Deed
$1,662,740
—
—
Prairie Industrial Properties
—
Deed Of Trust
related
$15,000 · Sca Engineering INC
—
—
Prairie Industrial Prop Hawks
—
Deed Of Trust
related
$38,000 · Thomas R
—
—
Praire Industrial Proper Hawks
—
Deed Of Trust
related
$965,000 · Hendrik J
—
—
Michael R Mastro
—
Deed Of Trust
related
$500,000 · Washington Trust Bank
—
—
Hawks Prairie Industrial Propr
—
Deed Of Trust
related
$305,500 · Pacfund INC
—
—
Proerties Four INC
—
Deed Of Trust
related
$829,000 · Pacific Coast Investment Co
—
—
Praire Industrial Proper Hawks
—
Deed Of Trust
related
$7,500 · Lhl Appraisal Associates INC
—
—
Michael R Mastro
—
Deed Of Trust
related
$5,200,000 · Venture Bank
—
—
Prairie Industries Prop Hawks
—
Deed Of Trust
related
$40,000 · Morwell Holdings
—
—
Hawks Prairie Industrial Prope
—
Deed Of Trust
related
$75,000 · Stanislaw Ashbaugh
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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