Back to Search
Property profile & analytics
OFF-MARKET
Grocery and convenience stores
5397 Us Hwy 12 Elma, WA 98541-9248
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0887045
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1942
Construction
STEEL FRAME
Total area
1,628 SF
Lot
0.15 ac (6,534 SF)
Zoning code
G1
APN
772000400700
UPID
US90-0887045
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Preet 22 LLC · 1 yrs held
Preet 22 LLC
since 2025
Last sale
$220,000
3 recorded transactions
Zoning & alternative use
G1 · Elma, WA
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 Elma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elma 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$883
Tax year 2023
Assessed value
$97,655
Assessed 2022
Previous assessed
$83,486
+17.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$11,250
Assessed improvement
$86,405
Land market value
$11,250
Improvement market value
$86,405
Total market value
$97,655
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1942
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
1,628 SF
Lot
0.15 ac (6,534 SF)
Zoning code
G1
APN
772000400700
UPID
US90-0887045
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
G1 · Elma, WAZoning G1 · permitted uses
G1 · Elma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
District Guide
Building & site characteristics
From public records
Year built
1942
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Preet 22 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
9037 3RD CT SE, OLYMPIA, WA 98513-1574
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2025
$220,000
Preet 22 LLC
Simonkim Corp
Warranty Deed
—
Apr 21, 2006
$65,000
Simonkim Corp
Malone Grocery LLC
Warranty Deed
$80,000 · Frank K Min
Apr 27, 2005
$65,000
Malone Grocery LLC
Shank,robby & Alicia
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5397 Us Hwy 12?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
