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Property profile & analytics
OFF-MARKET
Estimated value
$2,135,000
Grocery and convenience stores
4603 Lacey SE Blvd, Lacey, WA 98503-5720
Entity Owned
~
Est. High Equity
Property ID
US90-0456104
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Construction
WOOD FRAME
Total area
2,268 SF
Lot
0.31 ac (13,504 SF)
APN
1182-12-30800
UPID
US90-0456104
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
$2.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$2.14M
Owner & transaction history
Mgr Lacey Blvd LLC
Mgr Lacey Blvd LLC
since 2025
Last sale
$2.1M
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
$2,195,000
ML approach
$2,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.14M
Range $1.92M – $2.35M · ±10% · vs last sale $2.05M (Jul 21 2025)
Last sale anchor
$2.05M
Jul 21 2025
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
$941 / 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
$21,281
Tax year 2023
Assessed value
$2,239,600
Assessed 2022
Previous assessed
$1,475,300
+51.8% YoY
Effective rate
0.95%
On assessed value
Assessed land
$483,800
Assessed improvement
$1,755,800
Land market value
$483,800
Improvement market value
$1,755,800
Total market value
$2,239,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,268 SF
Lot
0.31 ac (13,504 SF)
APN
1182-12-30800
UPID
US90-0456104
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
1998
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Mgr Lacey Blvd LLC
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
$2,050,000
Mgr Lacey Blvd LLC
Synergy Petroleum Enterprises INC
Warranty Deed
$1,522,500 · First Citizens Bank & Trust Co
Jul 10, 2024
—
Synergy Petroleum Enterprises INC
—
Deed
related
$2,500,000 · Banner Bank
May 9, 2024
—
Synergy Petroleum Enterprises INC
—
Deed
related
$2,900,000 · Banner Bank
Jul 14, 2023
$1,900,000
Synergy Petroleum Enterprises INC
Jyoti LLC
Warranty Deed
$1,700,000 · First Credit Bank
Jul 15, 2019
$1,950,000
Jyoti LLC
Hariom Ents INC
Warranty Deed
$1,440,750 · Unibank
Aug 31, 2007
$1,300,000
Hariom Enterprises INC
C D I Investments LLC
Warranty Deed
$1,440,000 · Fortune Bank
Aug 20, 2004
—
Koong Cho
Global Investment Group LLC
Quit Claim Deed
related
—
Aug 20, 2004
$1,450,000
Cdi Investment LLC
Cho,koong
Warranty Deed
$1,019,100 · Heritage Savings Bank Fsb
Apr 18, 2002
$830,000
Global Investment Group LLC
Heritage Bank
Grant Deed
$875,000 · Heritage Savings Bank Fsb
Mar 30, 2001
—
Heritage Savings Bank Fsb
Teeters,steve
Trustees Deed
related
—
Jan 21, 1998
$400,000
Teeters,steven & Sarah H
Cho,kong & Meelee
Trustees Deed
$375,000 · North Pacific Bank
Jan 21, 1998
$339,500
Cho,kong & Meelee
Scheetz,michael C
Trustees Deed
—
—
—
Steven Teeters
—
Deed Of Trust
related
—
—
—
Steve Teeters
—
Deed Of Trust
related
$900,000 · North Pacific Bank
—
—
Hariom Ents INC
—
Deed Of Trust
related
$86,000 · Fortune 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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