Individually Owned Property summary
AI-generated overview
A small ground-floor medical office space in Mill Creek, Washington, measuring 1,046 square feet. The suite is configured for dental lab use and is designed for easy access. The property is arranged to support medical office and lab-related functions, and the unit is available as a sublease. Tenant utilities and services include water, sewer, garbage, and electricity as part of the NNN-related costs, per the building’s operating expense structure.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
23,767 SF
Lot
2.7 ac (117,612 SF)
Zoning code
MDR
APN
27050600202400
UPID
US90-1210826
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
-
Dental Office
-
Physician
-
Eye Care Center Ophthalmologist
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.66M
Owner & transaction history
since 2000
4 recorded transactions
Zoning & alternative use
MDR · Mill Creek, WA
Zoning description
17.12 MDR - Medium Density Residential 17.14 HDR - High Density Residential 17.15 MU/HDR - Mixed-Use/High Density Residential 17.16 CB - Community Business 17.17 Repealed 17.18 NB - Neighborhood Business 17.19 EGUV - Eas…
General category
RESIDENTIAL
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.66M
Value range
$4.19M – $5.12M
±10% around blend
Estimated value / SF
$196 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$4.19M
blend $4.66M
$5.12M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
23,767 SF
Lot area
2.7 ac
Year built
2000
Stories
2
APN
27050600202400
Zoning
MDR
Assessed value
$7,676,700
Annual tax
$67,439
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.36M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.80M
@ 6.5% CAP return
$5.36M
@ 7% CAP return
$4.97M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.66M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 62 sales
$390
-50%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $196/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
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
Not available
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional plan · 30 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$7.68M
Move the market yield to see immediate price impact.
Value / SF
$323
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%
$484k
$9.67M
$6.91M
$5.37M
$537k
$10.75M
$7.68M
$5.97M
$591k
$11.82M
$8.44M
$6.57M
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
$67,439
Tax year 2023
Assessed value
$7,676,700
Assessed 2023
Previous assessed
$7,094,600
+8.2% YoY
Effective rate
0.88%
On assessed value
Assessed land
$2,237,100
Assessed improvement
$5,439,600
Land market value
$2,237,100
Improvement market value
$5,439,600
Total market value
$7,676,700
Applied tax rate
526.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
23,767 SF
Lot
2.7 ac (117,612 SF)
Zoning code
MDR
APN
27050600202400
UPID
US90-1210826
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MDR · Mill Creek, WAZoning MDR · permitted uses
MDR · Mill Creek, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
17.12 MDR - Medium Density Residential 17.14 HDR - High Density Residential 17.15 MU/HDR - Mixed-Use/High Density Residential 17.16 CB - Community Business 17.17 Repealed 17.18 NB - Neighborhood Business 17.19 EGUV - Eas…
General category
RESIDENTIAL
Building & site characteristics
From public records
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
2.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
MDR
RESIDENTIAL
Jurisdiction
Mill Creek, WA
Recorded code
MDR
Official district
MDR
Official district profile
What the municipal code says about MDR
Zoning description
17.12 MDR - Medium Density Residential 17.14 HDR - High Density Residential 17.15 MU/HDR - Mixed-Use/High Density Residential 17.16 CB - Community Business 17.17 Repealed 17.18 NB - Neighborhood Business 17.19 EGUV - Eas…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MDR in Mill Creek, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified 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.
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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.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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