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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office Spaces
9111 350th S St Mckenna, WA 98558-1604
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1365497
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1998
Construction
WOOD FRAME
Total area
3,912 SF
Lot
1.41 ac (61,507 SF)
Zoning code
RAC
APN
4001590010
UPID
US90-1365497
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
Current use
Occupant on record · Public records
-
Mc Kenna Water District Water Utility Company
-
United States Postal Service Logistics Service Money Order Service
-
Simply Trees LLC Landscaping General Contractor
-
Harmac Trucking Trucking Company
-
Tellier Stump Grinding LLC Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$740k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$760k
Owner & transaction history
Apif Washington LLC · 1 yrs held
Apif Washington LLC
since 2025
Last sale
$860,000
4 recorded transactions
Zoning & alternative use
RAC · Mckenna, 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 Mckenna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mckenna 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
$765,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,200,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$1,165,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$1,075,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $860k (May 1 2025)
Last sale anchor
$860k
May 1 2025
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
$194 / 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
$9,979
Tax year 2024
Assessed value
$841,900
Assessed 2024
Previous assessed
$841,900
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$270,100
Assessed improvement
$571,800
Land market value
$270,100
Improvement market value
$571,800
Total market value
$841,900
Applied tax rate
155.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1998
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
3,912 SF
Lot
1.41 ac (61,507 SF)
Zoning code
RAC
APN
4001590010
UPID
US90-1365497
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RAC · Mckenna, WA
Zoning RAC · permitted uses
RAC · Mckenna, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mckenna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1998
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Apif Washington LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2647 RELIEZ VLY RD, MARTINEZ, CA 94553-9737
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
$860,000
Apif Washington LLC
Mark T Schelberies
Bargain & Sale Deed
—
Dec 21, 2005
—
Mark Scheberies
Schmugler,beatrice
Quit Claim Deed
related
—
Dec 16, 2005
$880,000
Mark Scheberies
Kopczynski,cary S & Janice E
Warranty Deed
—
Dec 16, 2005
—
Fred Scheberies
Scheberies,gretchen
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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