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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Retail space
1003 1st St Snohomish, WA 98290-2908
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0304873
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
8,440 SF
Lot
0.11 ac (4,792 SF)
Zoning code
HB
APN
579500300302
UPID
US90-0304873
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
Current use
Occupant on record · Public records
-
One Common Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.47M
Owner & transaction history
Snohomish Pegasus LLC · 1 yrs held
Snohomish Pegasus LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
HB · Snohomish, 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 Snohomish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snohomish 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
$1,430,000
ML approach
$1,410,000
CAP Approach
CAP Return
Estimation
6%
$1,980,000
6.5%
$1,830,000
7%
$1,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,435,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±10% · vs last sale $1.11M (Jan 13 2020)
Last sale anchor
$1.11M
Jan 13 2020
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
$174 / 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
$10,198
Tax year 2023
Assessed value
$1,163,000
Assessed 2023
Previous assessed
$1,092,000
+6.5% YoY
Effective rate
0.88%
On assessed value
Assessed land
$294,000
Assessed improvement
$869,000
Land market value
$294,000
Improvement market value
$869,000
Total market value
$1,163,000
Applied tax rate
735.0000
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
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
8,440 SF
Lot
0.11 ac (4,792 SF)
Zoning code
HB
APN
579500300302
UPID
US90-0304873
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HB · Snohomish, WA
Zoning HB · permitted uses
HB · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snohomish. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$2.4M
WAREHOUSE, STORAGE
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
1920
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Snohomish Pegasus LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1144, LAKE STEVENS, WA 98258-1144
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
Snohomish Pegasus LLC
Laura V Dana
Quitclaim Deed
related
—
Jan 13, 2020
$1,125,000
Laura Y Dana
Sherl D Stocking
Warranty Deed
$535,000 · Sherl D Stocking
Sep 9, 2016
—
Sherl D Stocking
—
Deed
related
—
Nov 30, 1999
$300,449
Sheryl D Stocking
Schweige Trust
Grant Deed
$270,000 · Us Bank NA
Nov 1, 1992
$150,196
John C Schweiger
Unknown
Grant Deed
—
—
—
Donald G Olson
—
Deed Of Trust
related
$60,000 · Sc Funding Corp
—
—
Sherl D Stocking
—
Deed Of Trust
related
$150,000 · Wells Fargo Bank
—
—
Sherl D Stocking
—
Deed Of Trust
related
$635,000 · Cascade Bank
—
—
Stocking,sherl D
—
Deed Of Trust
related
$700,000 · Us Bk
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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