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Property profile & analytics
FOR SALE
Retail space
1024 1St St Snohomish, WA 98290
Entity Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1516575
For Sale
$5,800,000
1024 1St St, Snohomish, WA 98290
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1893
Construction
TYPE NOT SPECIFIED
Total area
14,102 SF
Lot
0.11 ac (4,792 SF)
Zoning code
R6
APN
579500601501
UPID
US90-1516575
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
-
Snohomish Business Law Law Firm
-
Minisoft, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Northwest Classic Insurance Insurance Agency
-
Historic Downtown Snohomish Travel Agency
-
Arts of Snohomish Art Gallery Tourist Attraction
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.06M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$2.20M
Owner & transaction history
Marks Building Associates · 29 yrs held
Marks Building Associates
since 1997
5 recorded transactions
Zoning & alternative use
R6 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,310,000
6.5%
$3,055,000
7%
$2,840,000
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±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
$156 / 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
$20,394
Tax year 2023
Assessed value
$2,327,000
Assessed 2023
Previous assessed
$2,067,000
+12.6% YoY
Effective rate
0.88%
On assessed value
Assessed land
$307,700
Assessed improvement
$2,019,300
Land market value
$307,700
Improvement market value
$2,019,300
Total market value
$2,327,000
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
For Sale
Year built
1893
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
3
Bathrooms
2
Total area
14,102 SF
Lot
0.11 ac (4,792 SF)
Zoning code
R6
APN
579500601501
UPID
US90-1516575
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R6 · Snohomish, WA
Zoning R6 · permitted uses
R6 · 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.
Building & site characteristics
From public records
Year built
1893
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Marks Building Associates
Entity
Mailing address
7633 160TH ST SE, SNOHOMISH, WA 98296-8702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
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
Jun 18, 2021
—
Douglas Steven Greenup
—
Deed
related
$1,000,000 · Banner Bank
Apr 24, 2020
—
Douglas Steven Greenup
—
Deed
related
$750,000 · Banner Bank
Jun 5, 1997
$96,000
Marks Building Associates
Snohomish Sheriffs Department
Trustees Deed
—
Apr 1, 1988
$287,010
Frank Strahm
Unknown
Grant Deed
—
—
—
Douglas S Greenup
—
Deed Of Trust
related
$870,000 · Banner 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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