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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office Spaces
8804 Main E St Bonney Lake, WA 98391-8985
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0734540
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1944
Construction
WOOD FRAME
Total area
1,576 SF
Lot
0.27 ac (11,953 SF)
Zoning code
DC
APN
5640001521
UPID
US90-0734540
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$590k
Owner & transaction history
New Appearances Salon LLC · 4 yrs held
New Appearances Salon LLC
since 2022
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
DC · Bonney Lake, WA
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 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
Method
Estimation
Statistic approach
$585,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$675,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $600k (Mar 28 2022)
Last sale anchor
$600k
Mar 28 2022
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
$374 / 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
$5,357
Tax year 2024
Assessed value
$526,800
Assessed 2024
Previous assessed
$526,800
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$297,700
Assessed improvement
$229,100
Land market value
$297,700
Improvement market value
$229,100
Total market value
$526,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1944
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
1,576 SF
Lot
0.27 ac (11,953 SF)
Zoning code
DC
APN
5640001521
UPID
US90-0734540
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · Bonney Lake, WA
Zoning DC · permitted uses
DC · Bonney Lake, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bonney Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$580,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1944
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
New Appearances Salon LLC
Entity
Mailing address
8219 LOCUST AVE E, BONNEY LAKE, WA 98391-8548
Ownership since
2022
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
Oct 28, 2022
—
New Appearances Salon LLC
—
Deed
related
$262,000 · Evergreen Business Capital
Mar 28, 2022
$600,000
New Appearances Salon LLC
Nancy Becker
Warranty Deed
$325,404 · Telco Community Cu
Nov 19, 2014
—
Nancy Becker
Lake Tapps Real Estate LLC
Deed In Lieu Of Foreclosure
related
—
Apr 28, 2006
$400,000
Lake Tapps Real Estate LLC
Johnson,nancy
Warranty Deed
$350,000 · Nancy Becker
May 24, 1996
$130,000
Johnson,nancy
Miller,russell L & Cindy R
Trustees Deed
—
May 24, 1996
—
Nancy Johnson
Becker,virgil V
Quit Claim Deed
related
—
Mar 3, 1988
$54,000
Russell L Miller
Unknown
Grant Deed
—
—
—
Lake Tapps Real Estate LLC
—
Loan Modification
related
—
—
—
Lake Tapps Real Estate LLC
—
Deed Of Trust
related
$350,000 · Conrad Jack Trust
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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