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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
4663 Whitman SE Ln, Lacey, WA 98513-2201
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-0503480
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2007
Construction
WOOD FRAME
Total area
3,840 SF
Lot
1.1 ac (47,916 SF)
APN
7022-00-01201
UPID
US90-0503480
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
Mako 1 LLC · 17 yrs held
Mako 1 LLC
since 2008
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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$20,415
Tax year 2023
Assessed value
$2,148,300
Assessed 2022
Previous assessed
$1,489,600
+44.2% YoY
Effective rate
0.95%
On assessed value
Assessed land
$276,700
Assessed improvement
$1,871,600
Land market value
$276,700
Improvement market value
$1,871,600
Total market value
$2,148,300
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
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2007
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
3,840 SF
Lot
1.1 ac (47,916 SF)
APN
7022-00-01201
UPID
US90-0503480
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
2007
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Mako 1 LLC
Entity
Mailing address
191 MARVIN RD SE, LACEY, WA 98503-1702
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2008
—
Mako 1 LLC
Opitz Equity Co LLC
Quit Claim Deed
related
—
Mar 19, 2007
—
Opitz Equity Co LLC
Trans Northwest Const INC
Quit Claim Deed
related
—
May 23, 2006
—
Trans Northwest Const INC
—
Trustees Deed
related
$2,175,000 · South Sound Bank
Nov 4, 2005
$400,000
Trans Northwest Const INC
Olympia Building Co LLC
Warranty Deed
$365,380 · Washington Business Bank
Nov 8, 2002
$1,025,000
Olympia Building Co LLC
Tumwater Valley Associates
Grant Deed
—
—
—
Mako 1 LLC
—
Deed Of Trust
related
$1,002,852 · Thurston First Bank
—
—
Mako 1 LLC
—
Loan Modification
related
$2,250,000 · Columbia St Bk
—
—
Trans Northwest Const INC
—
Deed Of Trust
related
$263,464 · South Sound 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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