New search
Property profile & analytics
OFF-MARKET
Commercial land
33215 State Rte 507th S, Roy, WA 98580-9454
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2347424
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2.37 ac (103,150 SF)
Zoning code
R10
APN
217168005
UPID
US90-2347424
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Qrsc INC · 7 yrs held
Qrsc INC
since 2018
7 recorded transactions
Zoning & alternative use
R10 · Roy, WA
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 Roy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Roy 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,477
Tax year 2024
Assessed value
$136,700
Assessed 2024
Previous assessed
$142,300
-3.9% YoY
Effective rate
1.08%
On assessed value
Assessed land
$136,700
Land market value
$136,700
Total market value
$136,700
Applied tax rate
155.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
2.37 ac (103,150 SF)
Zoning code
R10
APN
217168005
UPID
US90-2347424
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R10 · Roy, WA
Zoning R10 · permitted uses
R10 · Roy, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Roy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.37 ac
Current owner
From public records · entity-resolved
Qrsc INC
Entity
Free & Clear · 7 yrs held
Mailing address
9935 COCHRANE AVE, YELM, WA 98597-7806
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
—
Qrsc INC
—
Deed
related
$108,750 · First Citizens Bank & Trust Co
Dec 28, 2018
—
Qrsc INC
—
Trustees Deed
related
$104,000 · Fidelis Equity & R/e Fund A Ll
Sep 21, 2018
$99,000
Qrsc INC
Marcelle,richard
Warranty Deed
—
Aug 6, 2008
—
Order Of Michael Corp
Harper,william & Mannette
Grant Deed
—
Aug 6, 2008
$110,000
Richard Marcelle
Order Of Michael Corp
Warranty Deed
—
Apr 14, 2004
—
Order Of Michael
Harper,william & Mannette
—
$37,978 · William & Mannette Harper
Dec 9, 1998
$47,000
Michael Corporation Sole
Harper,william & Mannette
Grant Deed
$39,950 · Seller
Jan 10, 1996
$65,000
William Harper
Mcspadden,james F & Virginia
Grant Deed
$52,000 · Seller
Nov 6, 1995
—
James F Mcspadden
Keplinger,kimberly L
Quit Claim Deed
related
—
Mar 28, 1992
$65,000
William R Keplinger
Unknown
Grant Deed
—
—
—
Richard A Marcelle
—
Deed Of Trust
related
$300,000 · Washington Business 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 33215 State Rte 507th S?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
