Entity Owned 
For Lease
Contact for pricing
3701 88Th St NE, Marysville, WA 98270
View Listing →
Property summary
AI-generated overview
Plaza 88, located at 3701 88th St NE, Marysville, WA 98270, presents a compelling investment opportunity in a high-performing retail center. This 15,420 square foot center, built in 2000, sits on a 1.37-acre lot and boasts 250 parking spaces. Currently, there are 1,200 square feet of vacant space available, with additional space potentially available ranging up to 2,000 square feet. The property is zoned CB and is situated in the Marysville submarket. Its strategic location directly off Interstate 5 (exit 200/88th St NE) provides exceptional visibility and accessibility. The center benefits from a Haggen grocery store anchor and a Chick-fil-A drive-thru immediately adjacent. Across the freeway, the property enjoys proximity to major national retailers including Walmart, Home Depot, Cabela's, Tulalip Resort Casino, and Seattle Premium Outlets, ensuring high traffic volume and a strong customer base. This grocery-anchored neighborhood center offers a unique opportunity to establish a presence in a thriving retail corridor with significant potential for growth. The cross street is 36th Ave NE.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
4,500 SF
Lot
0.38 ac (16,553 SF)
Zoning code
M2
APN
30052100206900
UPID
US90-1136518
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Dental Office
-
Pet Grooming Service
-
Dental Office
-
(Bike/Boat/Book/etc) Store Pet Store & Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$875k
Owner & transaction history
since 2015
5 recorded transactions
Zoning & alternative use
M2 · Marysville, WA
Top alternative use upside
Commercial (general)
$1.4M
+20.1%
Warehouse, storage
$1.3M
+14.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$875k
Value range
$788k – $963k
±10% around blend
Estimated value / SF
$194 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$788k
blend $875k
$963k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,500 SF
Lot area
0.38 ac
Year built
2000
Stories
1
APN
30052100206900
Zoning
M2
Assessed value
$1,338,800
Annual tax
$7,998
3
Income approach: direct capitalization
Partial preview
Income approach indication
$975k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.06M
@ 6.5% CAP return
$975k
@ 7% CAP return
$905k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$7,998
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$654k
Range $193k – $905k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$875k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$252
-23%
Submarket 28 sales
$253
-23%
County 234 sales
$291
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $194/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+20%
vs current-use indication
Warehouse, Storage
Retail Stores · current use
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
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$483k
Move the market yield to see immediate price impact.
Value / SF
$107
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
5.00%7.00%9.00%
$30k
$609k
$435k
$338k
$34k
$676k
$483k
$376k
$37k
$744k
$531k
$413k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,998
Tax year 2023
Assessed value
$1,338,800
Assessed 2023
Previous assessed
$1,335,700
+0.2% YoY
Effective rate
0.60%
On assessed value
Assessed land
$524,000
Assessed improvement
$814,800
Land market value
$524,000
Improvement market value
$814,800
Total market value
$1,338,800
Applied tax rate
511.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
4,500 SF
Lot
0.38 ac (16,553 SF)
Zoning code
M2
APN
30052100206900
UPID
US90-1136518
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Marysville, WAZoning M2 · permitted uses
M2 · Marysville, 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
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.38 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M2
Jurisdiction
Marysville, WA
Recorded code
M2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M2 in Marysville, WA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
