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Property profile & analytics
OFF-MARKET
Commercial land
8512 184th E Ave Bonney Lake, WA 98391
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0435120
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1996
Total area
1,110 SF
Lot
0.22 ac (9,600 SF)
Zoning code
DM
APN
5640000896
UPID
US90-0435120
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
Patriot Labs Holdings LLC · 8 yrs held
Patriot Labs Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
DM · Bonney Lake, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Wireless communications facilities in C-2, C-3, combined C-2/C-3, M-1, public facilities, DC and DM zones. § 18.50.012 Design criteria. § 18.50.013 Other permits required. § 18.50.014 Inspection requirements. § 18.50.015 Landscaping/screening.
Zone name
Downtown Mixed District
General category
MIXED_USE
Zone area
23.58 ac
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 Bonney Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bonney Lake 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 2024Property tax & assessments
Tax year 2024
Tax billed
$414
Tax year 2024
Assessed value
$39,800
Assessed 2024
Previous assessed
$39,800
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$39,800
Land market value
$39,800
Total market value
$39,800
Applied tax rate
35.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1996
Heating
BASEBOARD
Bathrooms
1
Total area
1,110 SF
Lot
0.22 ac (9,600 SF)
Zoning code
DM
APN
5640000896
UPID
US90-0435120
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DM · Bonney Lake, WAZoning DM · permitted uses
DM · Bonney Lake, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Wireless communications facilities in C-2, C-3, combined C-2/C-3, M-1, public facilities, DC and DM zones. § 18.50.012 Design criteria. § 18.50.013 Other permits required. § 18.50.014 Inspection requirements. § 18.50.015 Landscaping/screening.
Zone name
Downtown Mixed District
General category
MIXED_USE
Zone area
23.58 ac
Building & site characteristics
From public records
Year built
1996
Heating
BASEBOARD
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Patriot Labs Holdings LLC
Entity
Mailing address
1402 LK TAPPS PKWY SE STE F104, AUBURN, WA 98092-8157
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2018
$635,000
Patriot Labs Holdings LLC
Brown,george R
Warranty Deed
$571,500 · Brown Family Trust (pt)
Apr 1, 2013
$200,000
Brown Family Trust
Infinity Investment Co LLC
Warranty Deed
—
Nov 26, 2008
—
Infinity Investment Co LLC
Rattenbury,dan & Lynn
Quit Claim Deed
related
$307,000 · Us Bank NA
May 18, 2005
$40,000
Rs Sumner LLC
Fairbanks Capital Corp
Grant Deed
—
Jun 15, 2004
$43,055
Fairbanks Capital Corp
First American Title Ins
Trustees Deed
related
—
Jun 5, 2001
—
River Trust
Rowe-brown,tiffany A
Quit Claim Deed
related
—
Jun 22, 1999
$72,130
Platinum Enterprises LLC
Edwards,william E
Grant Deed
$380,000 · Seco Financial Group INC
May 28, 1999
$147,286
Tiffany Rowe-brown
Mcelderry,coy E & Tonia A
Grant Deed
$101,280 · First Franklin Financial Corp
Aug 23, 1996
$112,450
Coy E Mcelderry
Columbia Const Enterprises INC
Grant Deed
$111,963 · Evergreen Moneysource Mtg Co
—
—
Columbia Construction Enterpri
—
Deed Of Trust
related
$87,200 · Columbia State Bank
—
—
Coy E Mcelderry
—
Deed Of Trust
related
$115,900 · Keystone Mortgage
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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