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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Retail properties & Spaces
11031 State Ave Marysville, WA 98271-7200
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-3044507
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1959
Construction
WOOD
Total area
19,420 SF
Lot
0.95 ac (41,382 SF)
Zoning code
M7
APN
609400000600
UPID
US90-3044507
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
-
Furniture World NW Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$1.82M
Owner & transaction history
R Gregory Payne · 18 yrs held
R Gregory Payne
since 2008
7 recorded transactions
Zoning & alternative use
M7 · Marysville, 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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±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
$94 / 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
$11,821
Tax year 2023
Assessed value
$1,960,000
Assessed 2023
Previous assessed
$1,750,000
+12.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$800,700
Assessed improvement
$1,159,300
Land market value
$800,700
Improvement market value
$1,159,300
Total market value
$1,960,000
Applied tax rate
511.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
19,420 SF
Lot
0.95 ac (41,382 SF)
Zoning code
M7
APN
609400000600
UPID
US90-3044507
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M7 · Marysville, WAZoning M7 · permitted uses
M7 · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1959
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
R Gregory Payne
Individual
Mailing address
8827 29TH AVE NW, SEATTLE, WA 98117-3830
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2008
$1,550,888
R Gregory Payne
First LLC
Warranty Deed
$1,600,000 · United Commercial Bank
Apr 21, 2005
$1,175,000
First LLC
Miklautsch,josef C & Barbara A
Warranty Deed
$840,000 · Frontier Bank
Mar 22, 2004
—
Josef C Miklatsch
Miklatsch,josef C
Quit Claim Deed
related
$400,000 · First Madison Bank
—
—
Josef C Miklautsch
—
Deed Of Trust
related
$150,000 · First Mutual Bank
—
—
Josef C Miklautsch
—
Deed Of Trust
related
$141,811 · Frontier Bank
—
—
R Gregory Payne
—
Deed Of Trust
related
$1,346,000 · Credit Union Svcs Group LLC
—
—
Josef C Miklautsch
—
Deed Of Trust
related
$141,811 · Frontier Bank
—
—
Josef C Miklautsch
—
Deed Of Trust
related
$300,000 · Frontier Bank
—
—
Josef Miklautsch
—
Deed Of Trust
related
$20,100 · Frontier Bank
—
—
Josef Miklautsch
—
Deed Of Trust
related
$25,391 · Frontier Bank
—
—
Josef C Miklautsch
—
Deed Of Trust
related
$300,000 · Frontier Bank
—
—
Josef Miklautsch
—
Deed Of Trust
related
$60,000 · Frontier 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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