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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office Spaces
9138 Burnett SE Rd Yelm, WA 98597-9788
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0150826
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Construction
WOOD FRAME
Total area
2,000 SF
Lot
3.82 ac (166,399 SF)
APN
2171-33-40602
UPID
US90-0150826
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
-
Burnett Center Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$344k
Blend (final)
Blend
$515k
Owner & transaction history
Prairie Storage LLC · 13 yrs held
Prairie Storage LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$705,000
+41.0%
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 Yelm submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yelm 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
by Request
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$500,000
Current use
RETAIL STORES
$705,000
Change: +41% · Conversion: Easy
OFFICE BUILDING
$425,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$258 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$74,111
Tax year 2023
Assessed value
$7,975,300
Assessed 2022
Previous assessed
$3,734,600
+113.6% YoY
Effective rate
0.93%
On assessed value
Assessed land
$619,900
Assessed improvement
$7,355,400
Land market value
$619,900
Improvement market value
$7,355,400
Total market value
$7,975,300
Applied tax rate
170.0000
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
2005
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
2,000 SF
Lot
3.82 ac (166,399 SF)
APN
2171-33-40602
UPID
US90-0150826
Jurisdiction
THURSTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$500,000
RETAIL STORES
Est. value
$705,000
OFFICE BUILDING
Est. value
$425,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE 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
2005
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
3.82 ac
Current owner
From public records · entity-resolved
Prairie Storage LLC
Entity
Mailing address
321 CLEVELAND AVE SE STE #209, TUMWATER, WA 98501-3319
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
—
Prairie Storage LLC
—
Deed
related
$1,925,000 · Timberland Bank
Sep 28, 2012
$3,600,000
Prairie Storage LLC
Burnett Center Storage LLC
Warranty Deed
$2,400,000 · Security State Bank
Jan 29, 2010
$3,453,522
Burnett Center Storage LLC
Cullen William E
Trustees Deed
related
—
Dec 31, 2009
—
Burnett Center Storage LLC
Huddleston,john D
Quit Claim Deed
related
$3,500,000 · South Sound Bank
Nov 20, 2009
$300,000
John D Huddleston
Flores Joel M
Trustees Deed
related
—
Jul 30, 2008
—
Burnett Road Commercial Pk LLC
—
Deed Of Trust
related
$1,250,000 · Velocity Capital Partners LLC
—
—
Burnett Road Commercial Pk LLC
—
Deed Of Trust
related
$3,219,099 · South Sound 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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