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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Office Spaces
8276 28th NE Ct, Lacey, WA 98516-7139
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1208214
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2016
Construction
STEEL FRAME
Total area
11,250 SF
Lot
0.86 ac (37,462 SF)
APN
5489-00-00500
UPID
US90-1208214
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
$1.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
Allen S Bodenhamer · 4 yrs held
Allen S Bodenhamer
since 2021
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 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%
$1,535,000
6.5%
$1,420,000
7%
$1,315,000
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$112 / 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
$23,339
Tax year 2023
Assessed value
$2,456,200
Assessed 2022
Previous assessed
$1,192,300
+106.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$396,800
Assessed improvement
$2,059,400
Land market value
$396,800
Improvement market value
$2,059,400
Total market value
$2,456,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
11,250 SF
Lot
0.86 ac (37,462 SF)
APN
5489-00-00500
UPID
US90-1208214
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
2016
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Allen S Bodenhamer
Individual
Mailing address
6727 50TH CT SE, OLYMPIA, WA 98513-4521
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
Dec 15, 2021
—
Allen S Bodenhamer
Allen S Bodenhamer
Correction Deed
related
—
May 8, 2017
—
Purdy Fun Climbing Corp
—
Deed
related
$687,000 · Ameritrust Cdc
Jun 10, 2015
—
Purdy Fun Climbing Corp
Bover Michael R & Ruby S
Quit Claim Deed
related
—
Mar 21, 2014
$275,000
Michael R Boyer
Cowlitz Investment Properties LLC
Warranty Deed
$192,500 · Washington Business Bank
Oct 29, 2009
$224,766
Cowlitz Investment Props LLC
Lakemont Group
Grant Deed
related
—
Aug 11, 2008
$224,766
Cowlitz Investment Props LLC
Lakemont Group
Warranty Deed
—
Jul 19, 2007
—
Bodenhamer Family Trust
Bodenhamer,allen S & Virginia C
Quit Claim Deed
related
—
Mar 29, 2000
$118,131
Bodenhamer Trust
Hogum Bay Associates
Grant Deed
—
—
—
Purdy Fun Climbing Corp
—
Deed Of Trust
related
$687,000 · Ameritrust Cdc
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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