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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Industrial properties
5111 Joppa SW St Tumwater, WA 98512-6781
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1045077
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Construction
WOOD FRAME
Total area
2,833 SF
Lot
1 ac (43,560 SF)
APN
3372-00-00300
UPID
US90-1045077
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
$680k
CAP Approach
CAP
$355k
Comparable Approach
Comparable
$344k
Blend (final)
Blend
$530k
Owner & transaction history
Makali Joppa LLC · 5 yrs held
Makali Joppa LLC
since 2020
Last sale
$565,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$475,000
+32.2%
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 Tumwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tumwater 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
$675,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
$385,000
6.5%
$355,000
7%
$330,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$360,000
Current use
AUTO REPAIR, GARAGE
$475,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$355,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$330,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $565k (Oct 14 2020)
Last sale anchor
$565k
Oct 14 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
$187 / 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
$5,542
Tax year 2023
Assessed value
$568,000
Assessed 2022
Previous assessed
$449,400
+26.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$210,000
Assessed improvement
$358,000
Land market value
$210,000
Improvement market value
$358,000
Total market value
$568,000
Applied tax rate
440.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1975
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
2,833 SF
Lot
1 ac (43,560 SF)
APN
3372-00-00300
UPID
US90-1045077
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$360,000
AUTO REPAIR, GARAGE
Est. value
$475,000
OFFICE BUILDING
Est. value
$355,000
RETAIL STORES
Est. value
$330,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Makali Joppa LLC
Entity
Mailing address
5111 JOPPA ST SW, TUMWATER, WA 98512-6781
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2022
—
Makali Joppa LLC
—
Deed
related
$500,000 · Timberland Bank
Sep 10, 2021
—
Makali Joppa LLC
—
Deed
related
$482,000 · Timberland Bank
Oct 14, 2020
$564,719
Makali Joppa LLC
Beehive Partners LLC
Warranty Deed
$365,000 · Beehive Partners LLC
Dec 11, 2018
—
Beehive Partners LLC
—
Deed
related
$234,048 · Renee S Bush
Dec 29, 2015
$287,191
Beehive Partners LLC
Schwans Sales Ents INC
Warranty Deed
$287,500 · Richard A Bush
—
—
Beehive Partners LLC
—
Deed Of Trust
related
$234,048 · Renee S Bush
—
—
Beehive Partners LLC
—
Deed Of Trust
related
$37,500 · Richard A Bush
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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