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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
847 Blake St Enumclaw, WA 98022-9382
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0740884
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
FRAME
Total area
1,064 SF
Lot
1.61 ac (70,132 SF)
Zoning code
HCB
APN
252006-9034
UPID
US90-0740884
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
$550k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
$662k
Blend (final)
Blend
$550k
Owner & transaction history
Gary L Stamps Gks III Enterprises · 2 yrs held
Gary L Stamps Gks III Enterprises
since 2024
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
HCB · Enumclaw, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$540,000
+35.2%
Auto repair, garage
$490,000
+21.8%
Medical building
$420,000
+4.8%
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 Enumclaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Enumclaw 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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$400,000
6.5%
$370,000
7%
$340,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$400,000
Current use
COMMERCIAL (GENERAL)
$540,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$490,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$420,000
Change: +5% · Conversion: Easy
RETAIL STORES
$415,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (May 28 2024)
Last sale anchor
$550k
May 28 2024
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
$517 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,218
Tax year 2024
Assessed value
$919,000
Assessed 2023
Previous assessed
$919,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$841,500
Assessed improvement
$77,500
Land market value
$841,500
Improvement market value
$77,500
Total market value
$919,000
Applied tax rate
1,175.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
2
Stories
1
Total area
1,064 SF
Lot
1.61 ac (70,132 SF)
Zoning code
HCB
APN
252006-9034
UPID
US90-0740884
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HCB · Enumclaw, WA
Zoning HCB · permitted uses
HCB · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Enumclaw. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$400,000
COMMERCIAL (GENERAL)
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$490,000
MEDICAL BUILDING
Est. value
$420,000
RETAIL STORES
Est. value
$415,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1974
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.61 ac
Current owner
From public records · entity-resolved
Gary L Stamps Gks III Enterprises
Entity
Free & Clear · 2 yrs held
Ownership since
2024
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
May 28, 2024
—
Gary L Stamps Gks III Enterprises
Clements P Tuchscherer
Quit Claim Deed
related
—
May 17, 2023
—
Gks Iit Enterprises LLC
Gary W Stamps
Quit Claim Deed
related
—
Dec 22, 2017
$550,000
Gary Stamps
Ross,kay J & Glenn E
Warranty Deed
$366,666 · Glenn E & Kay J Ross
Jan 13, 1993
—
Glenn E Ross JR.
Arsenault,daryn
Quit Claim Deed
related
—
Jun 7, 1991
$300,000
Daryn T Arsenault
Shields,john B
Grant Deed
$251,000 · Shields John B
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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