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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Office buildings
503 1st S St Yelm, WA 98597-7634
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1295698
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1996
Construction
WOOD FRAME
Total area
8,513 SF
Lot
0.56 ac (24,394 SF)
APN
2271-93-32400
UPID
US90-1295698
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
Current use
Occupant on record · Public records
-
Northwest Advanced Spinal Care Alternative Medicine Practice
-
NW Advanced Spinal Care Alternative Medicine Practice
-
Aolani's Natural Nails & Pedicures Nail Salon
-
Serenity Scalar Energy System, LLC Gym & Fitness Center Alternative Medicine Practice
-
Blue Waters Acupuncture Center Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.02M
Owner & transaction history
Tbp Henricksen LLC · 7 yrs held
Tbp Henricksen LLC
since 2019
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 Yelm submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yelm 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10%
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
$119 / 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
$11,553
Tax year 2023
Assessed value
$1,242,400
Assessed 2022
Previous assessed
$1,157,300
+7.4% YoY
Effective rate
0.93%
On assessed value
Assessed land
$117,700
Assessed improvement
$1,124,700
Land market value
$117,700
Improvement market value
$1,124,700
Total market value
$1,242,400
Applied tax rate
170.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
8,513 SF
Lot
0.56 ac (24,394 SF)
APN
2271-93-32400
UPID
US90-1295698
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
1996
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Tbp Henricksen LLC
Entity
Mailing address
6005 20TH ST E, TACOMA, WA 98424-2033
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2019
$1,180,000
Tbp Henricksen LLC
503 First Street South LLC
Warranty Deed
$630,000 · Columbia State Bank
May 19, 2011
$1,050,000
503 First Street South LLC
Paigen,randy E
Warranty Deed
$800,000 · Randy E Paigen
Sep 13, 1993
$110,000
Randy E Paigen
Unknown
Grant Deed
—
Jul 6, 1992
$85,500
Brad Barrett Construction Co
Slopak, James L
Grant Deed
$25,545
—
—
Randy E Paigen
—
Deed Of Trust
related
$231,136 · Prairie Security Bank
—
—
Randy E Paigen
—
Deed Of Trust
related
$200,000 · Timberland Bank
—
—
Randy E Paigen
—
Deed Of Trust
related
$100,000 · Timberland Bank
—
—
Randy E Paigen
—
Deed Of Trust
related
$150,000 · Timberland Bank
—
—
Randy E Paigen
—
Deed Of Trust
related
$89,377 · Timberland Bank
—
—
Randy E Paigen
—
Deed Of Trust
related
$600,000 · 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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