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Property profile & analytics
OFF-MARKET
Estimated value
$19,705,000
Office Spaces
9225 Polaris NE Ln Lacey, WA 98516-7155
Entity Owned
~
Est. High Equity
Property ID
US90-1675783
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
197,910 SF
Lot
10.43 ac (454,331 SF)
APN
4801-00-00600
UPID
US90-1675783
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
$24.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.71M
Owner & transaction history
9045 9225 Polaris Lane Ne LLC
9045 9225 Polaris Lane Ne LLC
since 2025
7 recorded transactions
Zoning & alternative use
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 Lacey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lacey 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
by Request
CAP Approach
CAP Return
Estimation
6%
$27,025,000
6.5%
$24,950,000
7%
$23,165,000
Blend value · Realmo final
$19.71M
Range $17.73M – $21.68M · ±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
$100 / 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
$374,398
Tax year 2023
Assessed value
$39,414,500
Assessed 2022
Previous assessed
$16,936,100
+132.7% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,442,700
Assessed improvement
$36,971,800
Land market value
$2,442,700
Improvement market value
$36,971,800
Total market value
$39,414,500
Applied tax rate
241.0000
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
197,910 SF
Lot
10.43 ac (454,331 SF)
APN
4801-00-00600
UPID
US90-1675783
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
Building & site characteristics
From public records
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
10.43 ac
Current owner
From public records · entity-resolved
9045 9225 Polaris Lane Ne LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
—
9045 9225 Polaris Lane Ne LLC
—
Deed
related
$194,000,000 · Us Bank NA
Sep 3, 2025
—
9045 9225 Polaris Lane Ne LLC
Colfin 2019 2a Industrial Owner LLC
Bargain & Sale Deed
—
Feb 7, 2022
—
Colfin 2019 2a Industrial Owner LLC
—
Deed
related
—
Jan 16, 2020
—
Colfin 2019 2a Industrial Owner LLC
—
Deed
related
—
Jul 31, 2019
—
Colfin 2019-2a Indl Owner LLC
—
Grant Deed
related
$112,000,000 · Miscellaneous Ins Co
Feb 28, 2019
—
Colfin 2019-2a Indl Owner LLC
Dpif Wa 3 Lacey LLC
Grant Deed
—
Nov 1, 2017
—
Dpif Wa 3 Lacey LLC
—
Grant Deed
related
$21,000,000 · Wells Fargo Bk
Aug 17, 2017
$36,570,000
Dpif Wa 3 Lacey LLC
Fr/cal Meridian LLC
Grant Deed
—
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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