New search
Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office Spaces
811 Hwy 970, Cle Elum, WA 98922-7000
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3303445
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1950
Total area
5,006 SF
Lot
2.42 ac (105,415 SF)
Zoning code
CEC
APN
614735
UPID
US90-3303445
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
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$696k
Blend (final)
Blend
$590k
Owner & transaction history
Ttak LLC · 5 yrs held
Ttak LLC
since 2021
Last sale
$605,000
7 recorded transactions
Zoning & alternative use
CEC · Cle Elum, WA
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 Cle Elum submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cle Elum 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
$570,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $605k (Jan 19 2021)
Last sale anchor
$605k
Jan 19 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
$118 / 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
Property tax & assessments
Assessed value
$554,310
Assessed 2024
Previous assessed
$554,310
+0.0% YoY
Assessed land
$316,250
Assessed improvement
$238,060
Land market value
$316,250
Improvement market value
$238,060
Total market value
$554,310
Applied tax rate
28.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1950
Heating
HEAT PUMP
Cooling
REFRIGERATOR
Buildings
3
Stories
1
Total area
5,006 SF
Lot
2.42 ac (105,415 SF)
Zoning code
CEC
APN
614735
UPID
US90-3303445
Jurisdiction
KITTITAS
Zoning & alternative use
CEC · Cle Elum, WA
Zoning CEC · permitted uses
CEC · Cle Elum, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cle Elum. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Lot
2.42 ac
Current owner
From public records · entity-resolved
Ttak LLC
Entity
Mailing address
12105 86TH AVE NE, KIRKLAND, WA 98034-6012
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2021
—
Ttak LLC
—
Deed
related
$453,750 · Coastal Community Bank
Jan 19, 2021
—
Ttak LLC
Cebp Holdings LLC
Warranty Deed
—
Jun 2, 2017
—
Cebp Holdings LLC
Sommer,lance & Marcia B
Quit Claim Deed
related
—
Oct 9, 2014
$220,000
Lance Sommer
Commercial Loan Solutions III
Grant Deed
—
Oct 22, 2012
—
Commercial Loan Solutions III
Mellergaard,michael T
Deed In Lieu Of Foreclosure
related
—
Nov 17, 2005
$599,866
Michael T Mellergaard
Easterling,roger K & Donna M
Warranty Deed
$627,000 · Cit Small Business Lending Co
Nov 17, 2005
—
Michael T Mellergaard
Mellergaard,kambra L
Quit Claim Deed
related
—
—
—
Commercial Loan Solutions III
—
Deed Of Trust
related
$24,149,018 · Capitalsource Bank
—
—
Michael T Mellergaard
—
Deed Of Trust
related
$500,000 · Bank Of The West
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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