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Property profile & analytics
OFF-MARKET
Retail space
9716 224th E St Graham, WA 98338-9161
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1502060
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
WOOD FRAME
Total area
1,780 SF
Lot
0.78 ac (33,977 SF)
Zoning code
RAC
APN
418161027
UPID
US90-1502060
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shumway LLC · 1 yrs held
Shumway LLC
since 2024
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
RAC · Graham, 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 Graham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Graham 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,635
Tax year 2024
Assessed value
$348,200
Assessed 2024
Previous assessed
$348,200
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$280,900
Assessed improvement
$67,300
Land market value
$280,900
Improvement market value
$67,300
Total market value
$348,200
Applied tax rate
575.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,780 SF
Lot
0.78 ac (33,977 SF)
Zoning code
RAC
APN
418161027
UPID
US90-1502060
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RAC · Graham, WAZoning RAC · permitted uses
RAC · Graham, WA
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
1980
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Shumway LLC
Entity
Mailing address
11815 217TH ST E GRAHAM
Ownership since
2024
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
Aug 13, 2024
$450,000
Shumway LLC
Olidammara INC
Warranty Deed
$360,000 · Umpqua Bank
Nov 1, 2023
—
Olidammara INC
Jason P Lemaitre
Warranty Deed
—
Dec 6, 2022
—
Jason P Lemaitre
Jason Phillip Lemaitre
Intrafamily Transfer
related
—
Sep 11, 2020
—
Jason P Lemaitre
Jaime A Lemaitre
Quit Claim Deed
related
—
Oct 21, 2019
—
Jamie A Lemaitre
Norman Chong S Living Trust
Warranty Deed
related
—
Jul 27, 2018
—
Norman,chong S Living Trust
Norman,chong S
Quit Claim Deed
related
—
Apr 12, 2006
$270,000
Chong S Norman
Doabco INC
Warranty Deed
$240,000 · Doabco INC
Jan 2, 1993
$150,000
Doabco INC
Unknown
Grant Deed
$84,000 · Seller
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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