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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
4913 Lacey SE Blvd Lacey, WA 98503-5726
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1752933
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1989
Construction
WOOD FRAME
Total area
3,920 SF
Lot
0.49 ac (21,344 SF)
APN
1182-12-33200
UPID
US90-1752933
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
Kl Star Corporation · 1 yrs held
Kl Star Corporation
since 2025
Last sale
$3.4M
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 2024Property tax & assessments
Tax year 2024
Tax billed
$20,351
Tax year 2024
Assessed value
$2,131,800
Assessed 2023
Previous assessed
$2,449,500
-13.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$718,400
Assessed improvement
$1,413,400
Land market value
$718,400
Improvement market value
$1,413,400
Total market value
$2,131,800
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
CONVENIENCE STORE
Status
Off-Market
Year built
1989
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
3,920 SF
Lot
0.49 ac (21,344 SF)
APN
1182-12-33200
UPID
US90-1752933
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
1989
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Kl Star Corporation
Entity
Mailing address
2469 168TH PL NE, BELLEVUE, WA 98008-2337
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Apr 16, 2025
$3,400,000
Kl Star Corporation
Lucky Lacey LLC
Warranty Deed
$1,717,000 · O Bee Cu
Sep 4, 2020
—
Lucky Lacey LLC
Stc Lacey LLC
Correction Deed
related
—
Jun 2, 2015
—
Lucky Lacey LLC
Stc Lacey LLC
Quit Claim Deed
related
—
Jan 2, 2015
—
Lucky Lucy LLC
Stc Lacey LLC
Quit Claim Deed
related
—
Dec 3, 2013
$1,005,000
Stc Lacey LLC
Leavitt Family 1997 Trust
Warranty Deed
$400,000 · Leavitt Family 1997 Trust (rt)
Jun 2, 2010
—
Leavitt Family 1997 Trust
Leavitt Family 1997 Trust
Quit Claim Deed
related
—
Mar 20, 2009
—
Convenience Retailers LLC
—
Deed Of Trust
related
$370,000,000 · Conocophillips Co
Mar 6, 1990
$804,250
Gerald Leavitt
Unknown
Grant Deed
—
Apr 20, 1989
$74,500
Charles Charles Staadecker
Bergt, Carol
Grant Deed
—
—
—
Covenience Retailers INC
—
Deed Of Trust
related
$140,000,000 · Us Bank NA
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
—
—
Apro LLC
—
Loan Modification
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
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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