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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Industrial properties
8270 28th NE Ct Lacey, WA 98516-7148
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1329006
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
2000
Construction
WOOD FRAME
Total area
12,576 SF
Lot
0.86 ac (37,462 SF)
APN
5489-00-00600
UPID
US90-1329006
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
$1.57M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.45M
Owner & transaction history
State Of Washigton · 2 yrs held
State Of Washigton
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+54.3%
Restaurant
$1.8M
+31.8%
Retail stores
$1.7M
+23.0%
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 Lacey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lacey 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%
$1,700,000
6.5%
$1,570,000
7%
$1,460,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,365,000
Current use
AUTO REPAIR, GARAGE
$2,105,000
Change: +54% · Conversion: Easy
RESTAURANT
$1,795,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$1,675,000
Change: +23% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,135,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$115 / 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
$22,787
Tax year 2023
Assessed value
$2,398,100
Assessed 2022
Previous assessed
$1,072,400
+123.6% YoY
Effective rate
0.95%
On assessed value
Assessed land
$330,700
Assessed improvement
$2,067,400
Land market value
$330,700
Improvement market value
$2,067,400
Total market value
$2,398,100
Applied tax rate
241.0000
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
2000
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Total area
12,576 SF
Lot
0.86 ac (37,462 SF)
APN
5489-00-00600
UPID
US90-1329006
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RESTAURANT
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
WAREHOUSE, STORAGE
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
2000
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
State Of Washigton
Individual
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
State Of Washigton
Dungeness Group LLC
Lease
—
Jan 9, 2019
—
Dungeness Group LLC
—
Deed
related
$500,000 · Heritage Bk
Jan 25, 2001
—
Dungeness Group LLC
Bailey Berg General Contractor
Quit Claim Deed
related
—
Apr 10, 2000
—
Bailey Berg General Contractor
—
Grant Deed
related
$633,750 · Heritage Bank
Mar 8, 2000
$128,000
Bailey Berg General Contractor
Hogum Bay Associates
Grant Deed
—
—
—
Dungeness Group LLC
—
Deed Of Trust
related
$633,750 · Heritage Savings Bank Fsb
—
—
Dungeness Group LLC
—
Loan Modification
related
$500,000 · Heritage Bk
—
—
Dungeness Group LLC
—
Deed Of Trust
related
$30,000 · Heritage Savings Bank Fsb
—
—
Dungeness Group LLC
—
Deed Of Trust
related
$330,000 · Heritage Bank
—
—
Dungeness Group LLC
—
Deed Of Trust
related
$300,000 · Heritage Bank
—
—
Dungeness Group LLC
—
Deed Of Trust
related
$200,000 · Heritage Bank
—
—
Dungeness Group LLC
—
Deed Of Trust
related
$175,000 · Heritage Bank
—
—
Dungeness Group LLC
—
Deed Of Trust
related
$720,000 · Heritage Savings Bank Fsb
—
—
Dungenese Group LLC
—
Deed Of Trust
related
$400,000 · Heritage Bank
—
—
Dungeness Group LLC
—
Deed Of Trust
related
$892,500 · Heritage 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.
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