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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Commercial real estate
500 Mt Si Blvd North Bend, WA 98045
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1387744
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,000 SF
Lot
0.71 ac (30,851 SF)
Zoning code
IMU
APN
092308-9090
UPID
US90-1387744
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
$1.11M
Owner & transaction history
R & B Properties INC · 24 yrs held
R & B Properties INC
since 2002
7 recorded transactions
Zoning & alternative use
IMU · North Bend, WA
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 North Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bend 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
$158 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$8,155
Tax year 2022
Assessed value
$948,100
Assessed 2022
Previous assessed
$948,100
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$493,600
Assessed improvement
$454,500
Land market value
$493,600
Improvement market value
$454,500
Total market value
$948,100
Applied tax rate
1,925.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
7,000 SF
Lot
0.71 ac (30,851 SF)
Zoning code
IMU
APN
092308-9090
UPID
US90-1387744
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IMU · North Bend, WA
Zoning IMU · permitted uses
IMU · North Bend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Bend. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
R & B Properties INC
Entity
Mailing address
14012 13TH AVE SW, BURIEN, WA 98166-1065
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2025
—
R&r Properties Wa LLC
—
Deed
related
$11,500,000 · Columbia Bank
Feb 14, 2002
—
R & B Properties INC
Seattle Mortgage Services Co
Quit Claim Deed
related
—
Jun 29, 1999
—
R & R Properties Wa LLC
—
Deed Of Trust
related
$1,750,000 · Seattle Mortgage Co
—
—
R & R Properties Wa LLC
—
Deed Of Trust
related
$560,000 · Timberland Bank
—
—
R & R Properties Wa LLC
—
Deed Of Trust
related
$2,300,000 · Timberland Bank
—
—
R & R Properties Wa LLC
—
Deed Of Trust
related
$25,269 · Timberland Bank
—
—
R & R Properties Wa LLC
—
Deed Of Trust
related
$2,675,000 · Sound Community 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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