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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Manufacturing properties
98 Schouweiler Rd Elma, WA 98541-9352
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-0719361
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1995
Construction
STEEL FRAME
Total area
5,600 SF
Lot
3.34 ac (145,490 SF)
Zoning code
I2
APN
180632430020
UPID
US90-0719361
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
$535k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
98 Schouweiler Rd LLC · 8 yrs held
98 Schouweiler Rd LLC
since 2017
5 recorded transactions
Zoning & alternative use
I2 · Elma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
District Guide
Top alternative use upside
Medical building
$695,000
+53.6%
Auto repair, garage
$655,000
+44.9%
Retail stores
$530,000
+17.2%
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 Elma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elma 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%
$575,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$450,000
Current use
MEDICAL BUILDING
$695,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$655,000
Change: +45% · Conversion: Easy
RETAIL STORES
$530,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$96 / 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
$9,692
Tax year 2023
Assessed value
$1,069,927
Assessed 2022
Previous assessed
$907,969
+17.8% YoY
Effective rate
0.91%
On assessed value
Assessed land
$133,600
Assessed improvement
$936,327
Land market value
$133,600
Improvement market value
$936,327
Total market value
$1,069,927
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Total area
5,600 SF
Lot
3.34 ac (145,490 SF)
Zoning code
I2
APN
180632430020
UPID
US90-0719361
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
I2 · Elma, WAZoning I2 · permitted uses
I2 · Elma, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
District Guide
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$450,000
MEDICAL BUILDING
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$655,000
RETAIL STORES
Est. value
$530,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1995
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Lot
3.34 ac
Current owner
From public records · entity-resolved
98 Schouweiler Rd LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3607 197TH AVE CT E, LAKE TAPPS, WA 98391-9042
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2017
$1,000,000
98 Schouweiler Rd LLC
Excel Elma LLC
Warranty Deed
—
Dec 22, 2014
$326,000
Excel Chae LLC
Bray,mark
Grant Deed
—
Apr 28, 2010
—
Mark Bray
Sterling Legacy LLC
Quit Claim Deed
related
—
Apr 8, 2010
—
Sterling Legacy LLC
Woodard,michael J & Nona A
Quit Claim Deed
related
—
Jun 16, 2005
$895,000
Michael J Woodard
Bray,mark
Warranty Deed
$671,000 · Mark Bray
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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