Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Individual retail properties
3841 State Rte 3rd 3 Shelton, WA 98584-8528
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1856985
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1986
Construction
STEEL FRAME
Total area
564 SF
Lot
1.21 ac (52,708 SF)
APN
32003-31-00090
UPID
US90-1856985
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
$2.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
Bayshore Shell Corporation · 2 yrs held
Bayshore Shell Corporation
since 2023
Last sale
$2.8M
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 Shelton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelton 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
$2,635,000
ML approach
$2,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.80M (Aug 11 2023)
Last sale anchor
$2.80M
Aug 11 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
$4,796 / 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
$4,672
Tax year 2023
Assessed value
$590,825
Assessed 2023
Previous assessed
$545,355
+8.3% YoY
Effective rate
0.79%
On assessed value
Assessed land
$149,900
Assessed improvement
$440,925
Land market value
$149,900
Improvement market value
$440,925
Total market value
$590,825
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
Individual retail properties
Use group
DRY CLEANER
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
564 SF
Lot
1.21 ac (52,708 SF)
APN
32003-31-00090
UPID
US90-1856985
Jurisdiction
MASON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Bayshore Shell Corporation
Entity
Mailing address
3841 E STATE RTE 3RD 3, SHELTON, WA 98584-8528
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$1,600,000
Bayshore Shell Corporation
Erics C Stores LLC
Bargain And Sale Deed
$1,700,000 · Erics C Stores LLC
Dec 28, 2017
$555,281
Erics C Stories LLC
First Financial Northwest Bank
Bargain And Sale Deed
$555,000 · First Financial Northwest Bank
Jun 6, 2013
$616,000
Svgs Bk Nw First
Freeborn Stephen
Trustees Deed
related
—
Oct 23, 2009
—
John H Maynard
Misko Y Maynard
Intrafamily Transfer
related
$840,000 · First Savings Bank Northwest
Jan 11, 2008
$30,000
Misko Y Maynard
Yi,chae H
Deed In Lieu Of Foreclosure
related
—
—
—
John Maynard
—
Deed Of Trust
related
$200,000 · Frank J B & Nancy K Moore
—
—
Chae H Yi
—
Deed Of Trust
related
$30,000 · Misko Y Maynard
—
—
John H Maynard
—
Deed Of Trust
related
$547,500 · First Savings Bank
—
—
John Maynard
—
Deed Of Trust
related
$70,000 · Chong H Kim-park
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 3841 State Rte 3rd 3?
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.
