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Property profile & analytics
OFF-MARKET
Distribution centers
850 Mtn Villa Dr Enumclaw, WA 98022
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-2291808
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1980
Construction
WOOD
Total area
1,180 SF
Lot
2.21 ac (96,248 SF)
Zoning code
R-4
APN
203010-0451
UPID
US90-2291808
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Enumclaw · 2 yrs held
City Of Enumclaw
since 2023
6 recorded transactions
Zoning & alternative use
R-4 · Enumclaw, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The R-4 district is intended to encourage a more flexible use of the land by establishing areas within the community that are suitable for residential development of up to 15 units per acre and to increase the available housing choices
Zone name
Residential 4
General category
RESIDENTIAL
Zone area
149.00 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,564
Tax year 2022
Assessed value
$811,100
Assessed 2022
Previous assessed
$811,100
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$769,900
Assessed improvement
$41,200
Land market value
$769,900
Improvement market value
$41,200
Total market value
$811,100
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,180 SF
Lot
2.21 ac (96,248 SF)
Zoning code
R-4
APN
203010-0451
UPID
US90-2291808
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Enumclaw, WAZoning R-4 · permitted uses
R-4 · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The R-4 district is intended to encourage a more flexible use of the land by establishing areas within the community that are suitable for residential development of up to 15 units per acre and to increase the available housing choices
Zone name
Residential 4
General category
RESIDENTIAL
Zone area
149.00 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.21 ac
Current owner
From public records · entity-resolved
City Of Enumclaw
Entity
Free & Clear · 2 yrs held
Mailing address
1309 MERRITT AVE, ENUMCLAW, WA 98022-3709
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2023
—
City Of Enumclaw
Enumclaw 33
Warranty Deed
—
Dec 23, 2021
—
Enumclaw 33 LLC
Treat Family LLC
Quit Claim Deed
related
—
Jun 1, 2015
—
Treat Family LLC
Treat Living Trust
Quit Claim Deed
related
—
Nov 25, 2014
—
Treat Living Trust
Finn Investments LLC
Quit Claim Deed
related
—
Mar 28, 2014
—
David J Treat
Finn Investments LLC
Quit Claim Deed
related
—
May 23, 2007
$329,000
Finn Investments LLC
Plum Creek Marketing INC
Grant Deed
$204,600 · Mt Rainier National 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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