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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Medical Office Space
511 Heron St Aberdeen, WA 98520-6022
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-3029714
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,000 SF
Lot
1.79 ac (77,972 SF)
APN
29405800100
UPID
US90-3029714
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
$1.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
Quinault Indian Nation · 5 yrs held
Quinault Indian Nation
since 2020
Last sale
$1.3M
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 Aberdeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aberdeen 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
$1,675,000
ML approach
$1,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10% · vs last sale $1.30M (Oct 6 2020)
Last sale anchor
$1.30M
Oct 6 2020
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
$63 / 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
$94,770
Tax year 2023
Assessed value
$9,360,459
Assessed 2022
Previous assessed
$1,500,276
+523.9% YoY
Effective rate
1.01%
On assessed value
Assessed land
$1,053,000
Assessed improvement
$8,307,459
Land market value
$1,053,000
Improvement market value
$8,307,459
Total market value
$9,360,459
Applied tax rate
5.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
24,000 SF
Lot
1.79 ac (77,972 SF)
APN
29405800100
UPID
US90-3029714
Jurisdiction
GRAYS HARBOR
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
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Quinault Indian Nation
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 130, TAHOLAH, WA 98587-0130
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
Quinault Indian Nation
—
Deed
related
$7,566,000 · Washington State Department Of Commerce
Oct 1, 2021
—
Quinault Indian Nation
—
Deed
related
$20,000,000 · Columbia State Bank
Oct 6, 2020
$1,300,000
Quinault Indian Nation
Olson Invs LLC
Warranty Deed
—
Mar 31, 2016
$769,623
Olson Investments LLC
Century Investment Assocs LLC
Grant Deed
—
Jun 2, 2006
—
Prium Companies LLC
Prium Dev Co LLC
Quit Claim Deed
—
Jun 2, 2006
$1,372,000
Olson Investments LLC
Century Investment Assocs LLC
Grant Deed
$19,280,000 · Lasalle National Bank
May 2, 2006
—
Department Of General Administrat
Prium Aberdeen Buildings LLC
Grant Deed
related
—
—
—
Prium Dev Co LLC
—
Deed Of Trust
related
$4,764,000 · Wf Capital INC
—
—
Prium Dev Co LLC
—
Deed Of Trust
related
$6,200,000 · Wf Capital INC
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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