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Property profile & analytics
OFF-MARKET
Warehouses
35327 Veazie Cumberland SE Rd Enumclaw, WA 98022
Individually Owned
17-yr Hold
Free & Clear
Property ID
US90-1063218
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
STEEL FRAME
Total area
1,014 SF
Lot
0.13 ac (5,500 SF)
Zoning code
NB
APN
187140-0415
UPID
US90-1063218
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
Michael E Gleason · 17 yrs held
Michael E Gleason
since 2008
3 recorded transactions
Zoning & alternative use
NB · Enumclaw, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The NB neighborhood business district is intended to create, preserve and enhance areas of retail establishments serving frequently recurring needs in convenient, close locations to neighborhoods
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
4.62 ac
Source
Realmo
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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,147
Tax year 2022
Assessed value
$81,700
Assessed 2022
Previous assessed
$81,700
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$70,000
Assessed improvement
$11,700
Land market value
$70,000
Improvement market value
$11,700
Total market value
$81,700
Applied tax rate
3,550.0000
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
1976
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
1,014 SF
Lot
0.13 ac (5,500 SF)
Zoning code
NB
APN
187140-0415
UPID
US90-1063218
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Enumclaw, WAZoning NB · permitted uses
NB · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The NB neighborhood business district is intended to create, preserve and enhance areas of retail establishments serving frequently recurring needs in convenient, close locations to neighborhoods
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
4.62 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Michael E Gleason
Individual
Free & Clear · 17 yrs held
Mailing address
35931 CUMBERLAND WAY SE, ENUMCLAW, WA 98022-9609
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2008
—
Michael E Gleason
Gleason,patrick J
Quit Claim Deed
related
—
Nov 4, 1999
—
Patrick J Gleason
Gleason,marcia J
Quit Claim Deed
related
—
—
—
Michael E Gleason
—
Deed Of Trust
related
$35,737 · Mt Rainier National 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.
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