Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Office buildings
6518 Capitol SE Blvd Tumwater, WA 98501-5566
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1508116
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1997
Construction
WOOD FRAME
Total area
7,609 SF
Lot
0.77 ac (33,541 SF)
APN
1270-22-31203
UPID
US90-1508116
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
$1.63M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.40M
Owner & transaction history
Scf Rc Funding IV LLC · 7 yrs held
Scf Rc Funding IV LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+5.8%
Retail stores
$1.9M
+3.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,760,000
6.5%
$1,625,000
7%
$1,510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,820,000
Current use
COMMERCIAL (GENERAL)
$1,925,000
Change: +6% · Conversion: Easy
RETAIL STORES
$1,880,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±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
$183 / 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
$20,878
Tax year 2023
Assessed value
$2,142,700
Assessed 2022
Previous assessed
$1,388,900
+54.3% YoY
Effective rate
0.97%
On assessed value
Assessed land
$288,900
Assessed improvement
$1,853,800
Land market value
$288,900
Improvement market value
$1,853,800
Total market value
$2,142,700
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
7,609 SF
Lot
0.77 ac (33,541 SF)
APN
1270-22-31203
UPID
US90-1508116
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
OFFICE BUILDING Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Scf Rc Funding IV LLC
Entity
Mailing address
902 CARNEGIE CTR STE #250, PRINCETON, NJ 08540-6530
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2019
$1,788,229
Scf Rc Funding IV LLC
Deutscher,allen L & Marijke
Grant Deed
—
Dec 24, 1996
$175,000
Allen L Deutscher
Forbest Partners
Grant Deed
related
$170,000 · Seller
Jun 6, 1989
$250,000
Forbest Partners
Unknown
Grant Deed
—
—
—
Allen L Deutscher
—
Deed Of Trust
related
$650,000 · Wells Fargo Bank
—
—
Allen L Deutscher
—
Deed Of Trust
related
$650,000 · Wells Fargo 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.
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 6518 Capitol SE Blvd?
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.
