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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Grocery and convenience stores
524 Meridian E Milton, WA 98354-9340
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1500822
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,805 SF
Lot
0.8 ac (34,740 SF)
Zoning code
B
APN
420041180
UPID
US90-1500822
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
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$825k
Blend (final)
Blend
$680k
Owner & transaction history
Pacwest Energy LLC · 7 yrs held
Pacwest Energy LLC
since 2019
7 recorded transactions
Zoning & alternative use
B · Milton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Business districts are intended to provide goods and services in support of the citys residential population. Due to the relative scarcity of appropriate areas for business development
Zone name
Business District
General category
COMMERCIAL
Zone area
197.30 ac
Source
Realmo
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$179 / 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
$19,890
Tax year 2024
Assessed value
$1,991,600
Assessed 2024
Previous assessed
$1,991,600
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$934,300
Assessed improvement
$1,057,300
Land market value
$934,300
Improvement market value
$1,057,300
Total market value
$1,991,600
Applied tax rate
79.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Units
1
Total area
3,805 SF
Lot
0.8 ac (34,740 SF)
Zoning code
B
APN
420041180
UPID
US90-1500822
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
B · Milton, WAZoning B · permitted uses
B · Milton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Business districts are intended to provide goods and services in support of the citys residential population. Due to the relative scarcity of appropriate areas for business development
Zone name
Business District
General category
COMMERCIAL
Zone area
197.30 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Pacwest Energy LLC
Entity
Mailing address
3450 E COMMERCIAL CT, MERIDIAN, ID 83642-8915
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2019
$3,200,000
Pacwest Energy LLC
Sohal Group LLC
Warranty Deed
—
May 5, 2014
$400,000
Falk Dev INC
East West Bk
Grant Deed
—
Jun 7, 2013
$3,875,000
East West Bk
Hillis Clark Martin & Peterson|surprise Lake West
Trustees Deed
related
—
Jun 9, 2005
—
North Meridian Center LLC
Knutsen,robert J
Quit Claim Deed
related
—
Mar 21, 2003
—
Sohal Group LLC
Johal & Sohal Group LLC
Quit Claim Deed
related
$1,979,623 · Frontier Bank
Aug 31, 2000
$1,436,975
Johal & Sohal Group LLC
Mckay,charles W & Patricia D
Grant Deed
—
Sep 18, 1998
$370,833
Robert J Knutsen
Hughes,jeanne E
Quit Claim Deed
related
—
Sep 18, 1998
$779,622
Charles W Mckay
Knutsen,robert J
Quit Claim Deed
related
$1,329,391 · Bank Of Sumner
Sep 18, 1998
$133,790
Robert J Knutsen
Duringer,richard J & Gabriele K
Quit Claim Deed
related
—
—
—
Sohal Group LLC
—
Deed Of Trust
related
$100,000 · John W Eun
—
—
Johal & Sohal Group LLC
—
Deed Of Trust
related
$431,106 · Frontier 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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