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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Office Spaces
407 2nd SE St Yelm, WA 98597-7637
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0377716
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1993
Construction
WOOD FRAME
Total area
11,852 SF
Lot
0.75 ac (32,670 SF)
APN
2271-93-32600
UPID
US90-0377716
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
Current use
Occupant on record · Public records
-
Central Yelm Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$970k
Owner & transaction history
Ce Northwest LLC · 8 yrs held
Ce Northwest LLC
since 2018
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 Yelm submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yelm 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10%
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
$82 / 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
$9,603
Tax year 2023
Assessed value
$1,032,500
Assessed 2022
Previous assessed
$499,100
+106.9% YoY
Effective rate
0.93%
On assessed value
Assessed land
$142,500
Assessed improvement
$890,000
Land market value
$142,500
Improvement market value
$890,000
Total market value
$1,032,500
Applied tax rate
170.0000
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
1993
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
YES
Stories
1
Bathrooms
1
Total area
11,852 SF
Lot
0.75 ac (32,670 SF)
APN
2271-93-32600
UPID
US90-0377716
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
Building & site characteristics
From public records
Year built
1993
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Ce Northwest LLC
Entity
Mailing address
PO BOX 386, RAINIER, WA 98576-0386
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2020
—
Ce Northwest LLC
—
Deed
related
$150,000 · Timberland Bank
Sep 18, 2019
—
Ce Northwest LLC
—
Deed
related
$610,000 · Timberland Bank
Apr 30, 2018
$500,000
Ce Northwest LLC
Churchill Capital INC
Warranty Deed
$400,000 · Twinstar Cu
Sep 1, 2010
$375,000
Churchill Capital INC
Wampold,thomas
Warranty Deed
$300,000 · Thomas Wampold
Mar 20, 2003
$354,039
Thomas Group
Powers,richard J
Trustees Deed
—
Sep 29, 2000
—
Arrowwood Mini Storage INC
Cyril W Randell & Associates C
Quit Claim Deed
related
—
Apr 21, 2000
$236,456
Cyrill W Randell & Associates
Johnston,alfred L & Lillian M
Trustees Deed
—
Oct 1, 1990
$20,000
Alfred L Johnston
Unknown
Grant Deed
—
—
—
Mini Storage Arrowwood
—
Deed Of Trust
related
$275,000 · Paradigm Financial Services
—
—
Churchill Capital INC
—
Deed Of Trust
related
$1,371,778 · Sum O A Kwan
—
—
Arrowwood Mini Storage INC
—
Deed Of Trust
related
$71,958 · Individual
—
—
Alfred L Johnston
—
Deed Of Trust
related
$140,000 · Cyril W Randell & Assoc INC
—
—
Churchill Capital INC
—
Deed Of Trust
related
$219,000 · Gary E Culver
—
—
Arrowwood Mini Storage INC
—
Deed Of Trust
related
$140,000 · Cyril W Randell & Assoc INC
—
—
Alfred L Johnston
—
Deed Of Trust
related
$500,000 · Cyril W Randell & Assoc INC
—
—
Alfred L Johnston
—
Deed Of Trust
related
$82,500 · 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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