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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Office buildings
9144 Burnett SE Rd Yelm, WA 98597-8488
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0150827
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2010
Construction
WOOD FRAME
Total area
3,636 SF
Lot
0.97 ac (42,253 SF)
APN
2171-33-40601
UPID
US90-0150827
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
-
Gather Gastropub Bar & Pub
-
West Yelm Family Chiropractic Alternative Medicine Practice
-
Matthew Martinez, DC Alternative Medicine Practice
-
BodyTalk of Yelm Gym & Fitness Center
-
Fain Ann E Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.52M
Owner & transaction history
Hamco LLC · 4 yrs held
Hamco LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+64.5%
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
$1,490,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,280,000
Change: +65% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.55M (Sep 17 2021)
Last sale anchor
$1.55M
Sep 17 2021
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
$417 / 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
$25,794
Tax year 2023
Assessed value
$2,772,600
Assessed 2022
Previous assessed
$2,040,600
+35.9% YoY
Effective rate
0.93%
On assessed value
Assessed land
$145,400
Assessed improvement
$2,627,200
Land market value
$145,400
Improvement market value
$2,627,200
Total market value
$2,772,600
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2010
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
3,636 SF
Lot
0.97 ac (42,253 SF)
APN
2171-33-40601
UPID
US90-0150827
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
RETAIL STORES
Est. value
$1.3M
RETAIL STORES
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
2010
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
Hamco LLC
Entity
Mailing address
15 S GRADY WAY STE #410, RENTON, WA 98057-3216
Ownership since
2021
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
Sep 17, 2021
$1,550,000
Hamco LLC
Mt Rainier Proeprties LLC
Warranty Deed
$1,000,000 · Bank Of The Pacific
Aug 9, 2013
—
Mt Rainier Properties LLC
Capezio,james J
Quit Claim Deed
related
—
Apr 30, 2013
—
James J Capezio
Capezio,rebecca
Quit Claim Deed
related
—
Apr 30, 2013
$725,000
James J Capezio
South Sound Bk
Grant Deed
—
Oct 9, 2012
—
Sound Bk South
Burnett Center Office LLC
Deed In Lieu Of Foreclosure
—
Jan 29, 2010
$1,738,801
Burnett Center Office LLC
Cullen William E
Trustees Deed
related
—
Dec 31, 2009
—
Burnett Center Office LLC
Huddleston,john D
Quit Claim Deed
related
$900,000 · South Sound Bank
Nov 20, 2009
$300,000
John D Huddleston
Flores Joel M
Trustees Deed
related
—
—
—
Burnett Road Commercial Pk LLC
—
Deed Of Trust
related
$1,552,775 · South Sound Bank
—
—
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
$600,000 · John D Huddleston
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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