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Property profile & analytics
OFF-MARKET
Estimated value
$9,905,000
Office buildings
Lacey, WA 98503
Entity Owned
Free & Clear
Property ID
US90-2245512
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Lot
2.92 ac (127,195 SF)
APN
8499-00-03200
UPID
US90-2245512
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
$9.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.91M
Owner & transaction history
Dm Ventures 656 LLC
Dm Ventures 656 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
$9,855,000
ML approach
$9,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.91M
Range $8.91M – $10.90M · ±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
—
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
$20,251
Tax year 2023
Assessed value
$2,131,000
Assessed 2022
Previous assessed
$749,000
+184.5% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,671,000
Assessed improvement
$460,000
Land market value
$1,671,000
Improvement market value
$460,000
Total market value
$2,131,000
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Heating
NONE
Lot
2.92 ac (127,195 SF)
APN
8499-00-03200
UPID
US90-2245512
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
Heating
NONE
Lot
2.92 ac
Current owner
From public records · entity-resolved
Dm Ventures 656 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6725 116TH AVE NE STE #100, KIRKLAND, WA 98033-8455
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
Oct 24, 2025
$10,100,000
Dm Ventures 656 LLC
Dm Ventures Trio LLC
Bargain & Sale Deed
—
Feb 22, 2022
—
Dm Ventures Trio LLC
Dm Park Ventures LLC
Quit Claim Deed
related
$18,500,000 · Symetra Life Insurance Co
Jul 2, 2021
$11,400,000
Dm Park Ventures LLC
Mlmt 2005 Mcp1 Wa Office Prop LLC
Special Warranty Deed
—
Aug 9, 2018
$6,344,000
Mlmt 2005-mcp1 Washington Offi
Rainier Foreclosure Svcs|cdc Properties I LLC
Trustees Deed
related
—
Sep 28, 2016
—
Seahawk Portfolio LLC
Cdc Properties I LLC
Quit Claim Deed
related
—
Oct 1, 2004
$37,049,506
Cdc Properties I LLC
Capital Dev
Grant Deed
$43,257,500 · Merrill Lynch Mortgage Lending
Sep 23, 2004
—
Capital Dev Co
Rainier General INC
Quit Claim Deed
related
—
Aug 27, 1999
—
Rainier General INC
—
Deed Of Trust
related
$11,573,702 · Seafirst Bank
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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