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Property profile & analytics
FOR LEASE
Retail space
669 Lincoln Ave E Tenino, WA 98589
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-1322981
No photos on file
For Lease
$1,381/Mo
669 Lincoln Ave E, Tenino, WA 98589
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
WOOD FRAME
Total area
3,764 SF
Lot
1.93 ac (84,071 SF)
APN
0949-00-44000
UPID
US90-1322981
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
-
O Bee Credit Union AAA Credit Union
-
Tenino Market Fresh Building Supply Hardware & Home Improvement
-
Ace Hardware Store Building Supply Hardware & Home Improvement
-
Coinstar Kiosk | Bitcoin ATM Kiosk Atm
-
Centerplace Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$640k
Owner & transaction history
2 Daves LLC · 15 yrs held
2 Daves LLC
since 2011
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 Tenino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tenino 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
$425,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$170 / 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
$53,699
Tax year 2023
Assessed value
$5,558,800
Assessed 2022
Previous assessed
$3,243,800
+71.4% YoY
Effective rate
0.97%
On assessed value
Assessed land
$833,400
Assessed improvement
$4,725,400
Land market value
$833,400
Improvement market value
$4,725,400
Total market value
$5,558,800
Applied tax rate
530.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1985
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Bathrooms
1
Total area
3,764 SF
Lot
1.93 ac (84,071 SF)
APN
0949-00-44000
UPID
US90-1322981
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
Building & site characteristics
From public records
Year built
1985
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
2 Daves LLC
Entity
Mailing address
103 OSTERVOLD RD, CATHLAMET, WA 98612-9716
Ownership since
2011
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
May 28, 2021
—
2 Daves LLC
—
Deed
related
$1,550,000 · First Citizens Bank & Trust Co
Dec 29, 2017
—
2 Daves LLC
—
Deed
related
$1,379,500 · First Interstate Bank
Jan 3, 2011
$3,000,000
2 Daves LLC
Jekel,david M & Barbara J
Warranty Deed
$1,515,000 · Bank Of Pacific
Nov 27, 2001
$2,070,000
David M Jekel
Warren,willard R & Ho-sun
Grant Deed
—
Sep 28, 1995
—
Willard R Warren
Warren,willard R
Quit Claim Deed
related
$1,035,000 · Sterling Savings Association
—
—
2 Daves LLC
—
Deed Of Trust
related
$100,000 · David M & Barbara J Jekel
—
—
David M Jekel
—
Deed Of Trust
related
$420,000 · Willard R & Ho S Warren
—
—
David M Jekel
—
Deed Of Trust
related
$1,656,000 · Key Bank NA
—
—
David M Jekel
—
Deed Of Trust
related
$402,171 · South Sound Bank
—
—
David M Jekel
—
Deed Of Trust
related
$1,487,617 · South Sound Bank
—
—
2 Daves LLC
—
Deed Of Trust
related
$376,000 · David M & Barbara J Jekel
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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