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Property profile & analytics
OFF-MARKET
Estimated value
$9,755,000
Office Spaces
607 Durell SE Rd Tumwater, WA 98501-5889
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0723046
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1939
Total area
40,400 SF
Lot
1.79 ac (77,972 SF)
APN
1271-11-20300
UPID
US90-0723046
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
$9.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.23M
Blend (final)
Blend
$9.76M
Owner & transaction history
Suncrest Investors LLC · 4 yrs held
Suncrest Investors LLC
since 2022
Last sale
$11.0M
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 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
$9,505,000
ML approach
$9,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,215,000
Current use
RETAIL STORES
$9,985,000
Change: -2% · Conversion: Easy
OFFICE BUILDING
$9,660,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$9.76M
Range $8.78M – $10.73M · ±10% · vs last sale $11.00M (Feb 23 2022)
Last sale anchor
$11.00M
Feb 23 2022
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
$241 / 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
$56,108
Tax year 2023
Assessed value
$5,760,100
Assessed 2022
Previous assessed
$1,243,700
+363.1% YoY
Effective rate
0.97%
On assessed value
Assessed land
$765,500
Assessed improvement
$4,994,600
Land market value
$765,500
Improvement market value
$4,994,600
Total market value
$5,760,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1939
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
40,400 SF
Lot
1.79 ac (77,972 SF)
APN
1271-11-20300
UPID
US90-0723046
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
COMMERCIAL (GENERAL) Current
Est. value
$10.2M
RETAIL STORES
Est. value
$10.0M
OFFICE BUILDING
Est. value
$9.7M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
1939
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Suncrest Investors LLC
Entity
Mailing address
602 DURELL RD SE, TUMWATER, WA 98501-5833
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Feb 23, 2022
$11,000,000
Suncrest Investors LLC
Secure Storage Holdings LLC
Warranty Deed
$4,500,000 · Timberland Bank
Dec 3, 2020
—
Secure Storage Holdings LLC
Ajb Property Holdings LLC
Quit Claim Deed
related
—
Oct 10, 2018
—
Ajb Property Holdings LLC
Borden,aaron & Meghan
Quit Claim Deed
related
—
Apr 12, 2017
—
Aaron J Borden
—
Deed
related
$249,950 · Twinstar Cu
Jan 29, 2016
$250,000
Aaron J Borden
Shincke,ronald D
Warranty Deed
$250,000 · John E Meek
Aug 21, 2006
$265,000
Ronald D Shincke
Mcdonald,jerald A & Mary B
Warranty Deed
$159,000 · West Coast Bank
May 1, 1989
$64,000
Nile F Metcalf
Unknown
Grant Deed
—
—
—
Ronald D Shincke
—
Deed Of Trust
related
$100,000 · Columbia State Bank
—
—
Aaron J Borden
—
Deed Of Trust
related
$249,950 · Twinstar Cu
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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