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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Grocery and convenience stores
608 Yelm E Ave Yelm, WA 98597-6629
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0421244
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1991
Construction
WOOD FRAME
Total area
6,204 SF
Lot
1.7 ac (74,052 SF)
APN
6430-37-00300
UPID
US90-0421244
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
Current use
Occupant on record · Public records
-
Chamber of Commerce Business Service Center Advocacy Group
-
Shell Gas Station
-
Green Furnace Repair Co. HVAC Service General Contractor
-
ATM Atm
-
THE GRILL AT 507 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
507 Taproom Family LLC · 4 yrs held
507 Taproom Family LLC
since 2021
Last sale
$1.6M
5 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 Yelm submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yelm 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
$1,535,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
$1,250,000
6.5%
$1,150,000
7%
$1,070,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,180,000
Current use
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.60M (Oct 6 2021)
Last sale anchor
$1.60M
Oct 6 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
$249 / 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
$14,731
Tax year 2023
Assessed value
$1,584,400
Assessed 2022
Previous assessed
$1,494,800
+6.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$579,200
Assessed improvement
$1,005,200
Land market value
$579,200
Improvement market value
$1,005,200
Total market value
$1,584,400
Applied tax rate
170.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1991
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
6,204 SF
Lot
1.7 ac (74,052 SF)
APN
6430-37-00300
UPID
US90-0421244
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
RETAIL STORES Current
Est. value
$2.2M
RETAIL STORES Current
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
1991
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
507 Taproom Family LLC
Entity
Mailing address
PO BOX 1739, YELM, WA 98597-1739
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
—
Sarbat Da Bhala Vi INC
—
Deed
related
$445,000 · Don Small And Sons Oil Distributor Co
Dec 29, 2023
—
Sarbat Da Bhala Vi INC
—
Deed
related
$1,840,000 · Coastal Community Bank
Oct 6, 2021
$1,600,000
507 Taproom Family LLC
Prairie Park Holdings LLC
Warranty Deed
$1,600,000 · Prairie Park Holdings LLC
Dec 30, 2016
$1,050,000
Prairie Park Holdings LLC
First Citizens Bk & Trust Co
Grant Deed
—
Aug 30, 2010
—
First Citizens Bk & Trust Co
Venture Bk
Grant Deed
related
—
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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