Brush Prairie, WA 98606
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$2.50M
Range $2.25M – $2.75M (±10%)
Implied cap rate
5.00%
In-place · NOI ÷ last sale
Property ID
US90-2372968
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
12,520 SF
Lot
1.49 ac (64,904 SF)
Zoning code
CR-2 : CLK
APN
118990-000
UPID
US90-2372968
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
since 2022
Last sale
$2.8M
5 recorded transactions
Zoning & alternative use
CR-2 : CLK · Brush Prairie, WA
Top alternative use upside
Retail stores
$3.9M
+155.0%
Restaurant
$3.7M
+145.1%
Neighborhood: shopping center
$3.5M
+127.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
8 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.50M
Value range
$2.25M – $2.75M
±10% around blend
Estimated value / SF
$200 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
90
$2.25M
blend $2.50M
$2.75M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,520 SF
Lot area
1.49 ac
Year built
1973
Stories
1
APN
118990-000
Assessed value
$703,100
Annual tax
$5,647
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.92M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.08M
@ 6.5% CAP return
$1.92M
@ 7% CAP return
$1.79M
4
Sales comparison
Partial preview
Sales approach indication
$2.41M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.9 mi away · 13,204 SF
6.0 mi away · 16,110 SF
12.4 mi away · 10,500 SF
14.7 mi away · 10,683 SF
15.5 mi away · 11,520 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.50M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 93 sales
$122
+64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $200/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+155%
vs current-use indication
Restaurant
Neighborhood: Shopping Center
Medical Building
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
5.00%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.00%
9.0%
NOI (est.)
$196k *
Last sale · Aug 2022
$2.80M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.92M
Move the market yield to see immediate price impact.
Value / SF
$313
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.50%5.00%5.50%
$176k
$3.92M
$3.53M
$3.21M
$196k
$4.36M
$3.92M
$3.56M
$216k
$4.79M
$4.31M
$3.92M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$3.45M
2.8 mi · Dec 2025 · $265/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,647
Tax year 2023
Assessed value
$703,100
Assessed 2023
Previous assessed
$639,200
+10.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$408,375
Assessed improvement
$294,725
Land market value
$408,375
Improvement market value
$294,725
Total market value
$703,100
Applied tax rate
10,245.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
12,520 SF
Lot
1.49 ac (64,904 SF)
Zoning code
CR-2 : CLK
APN
118990-000
UPID
US90-2372968
Jurisdiction
CLARK
Zoning & alternative use
CR-2 : CLK · Brush Prairie, WAZoning CR-2 : CLK · permitted uses
CR-2 : CLK · Brush Prairie, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
1.49 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CR-2 : CLK
Jurisdiction
Brush Prairie, WA
Recorded code
CR-2 : CLK
Ownership Intelligence
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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