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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Industrial land
5117 Freeman E Rd, Fife, WA 98424
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1608750
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1940
Total area
1,288 SF
Lot
1.72 ac (74,923 SF)
Zoning code
EC
APN
420205003
UPID
US90-1608750
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
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$488k
Blend (final)
Blend
$630k
Owner & transaction history
Crp Vdc Freeman Logistics Owner LLC · 4 yrs held
Crp Vdc Freeman Logistics Owner LLC
since 2021
Last sale
$652,000
1 recorded transaction
Zoning & alternative use
EC · Fife, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$860,000
+202.0%
Neighborhood: shopping center
$545,000
+91.9%
Auto repair, garage
$475,000
+67.1%
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 Fife submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fife 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
$725,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$860,000
Change: +202% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$545,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$475,000
Change: +67% · Conversion: Easy
RETAIL STORES
$390,000
Change: +37% · Conversion: Moderate
WAREHOUSE, STORAGE
$385,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $652k (Nov 30 2021)
Last sale anchor
$652k
Nov 30 2021
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
$489 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,932
Tax year 2024
Assessed value
$1,090,300
Assessed 2024
Previous assessed
$310,100
+251.6% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,090,300
Land market value
$1,090,300
Total market value
$1,090,300
Applied tax rate
96.0000
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1940
Heating
BASEBOARD
Stories
1
Bathrooms
2
Total area
1,288 SF
Lot
1.72 ac (74,923 SF)
Zoning code
EC
APN
420205003
UPID
US90-1608750
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
EC · Fife, WA
Zoning EC · permitted uses
EC · Fife, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fife. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$860,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$475,000
RETAIL STORES
Est. value
$390,000
WAREHOUSE, STORAGE
Est. value
$385,000
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1940
Heating
BASEBOARD
Stories
1
Bathrooms
2
Lot
1.72 ac
Current owner
From public records · entity-resolved
Crp Vdc Freeman Logistics Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11411 NE 124TH ST STE #190, KIRKLAND, WA 98034-4318
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2021
$652,000
Crp Vdc Freeman Logistics Owner LLC
Carol Ann Johnson
Special Warranty Deed
—
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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