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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Retail space
4804 Lacey SE Blvd Lacey, WA 98503-5733
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1566629
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1936
Construction
WOOD FRAME
Total area
2,592 SF
Lot
0.51 ac (22,216 SF)
APN
1182-12-30400
UPID
US90-1566629
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
$500k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Sonkis Investments LLC · 3 yrs held
Sonkis Investments LLC
since 2022
Last sale
$560,000
5 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
$485,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $560k (Nov 30 2022)
Last sale anchor
$560k
Nov 30 2022
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
$199 / 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
$5,623
Tax year 2023
Assessed value
$591,000
Assessed 2022
Previous assessed
$468,800
+26.1% YoY
Effective rate
0.95%
On assessed value
Assessed land
$286,600
Assessed improvement
$304,400
Land market value
$286,600
Improvement market value
$304,400
Total market value
$591,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1936
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
2,592 SF
Lot
0.51 ac (22,216 SF)
APN
1182-12-30400
UPID
US90-1566629
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
1936
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Sonkis Investments LLC
Entity
Mailing address
4804 LACEY BLVD SE, LACEY, WA 98503-5733
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
$560,000
Sonkis Investments LLC
Philip G Brock
Warranty Deed
$504,000 · Philip G Brock Etux
Feb 12, 2015
$498,714
Lacey Pacific Storage LLC
Walter W Cox
Warranty Deed
$1,765,000 · South Sound Bank
—
—
Philip Brock
—
Deed Of Trust
related
$50,000 · Timberland Bank
—
—
Lilly A Brock
—
Deed Of Trust
related
$50,000 · Key Bank NA
—
—
Philip G Brock
—
Deed Of Trust
related
$100,000 · Timberland 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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