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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Retail properties & Spaces
1107 Wagleys Ln Sultan, WA 98294-9519
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1550317
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1990
Construction
WOOD
Total area
6,720 SF
Lot
2.37 ac (103,237 SF)
Zoning code
V1
APN
767400001800
UPID
US90-1550317
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.62M
Owner & transaction history
Ketchum Reaper LLC · 2 yrs held
Ketchum Reaper LLC
since 2023
Last sale
$1.6M
3 recorded transactions
Zoning & alternative use
V1 · Sultan, 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 Sultan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sultan 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
$1,675,000
ML approach
$1,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,625,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$2,395,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±10% · vs last sale $1.60M (Nov 1 2023)
Last sale anchor
$1.60M
Nov 1 2023
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
$240 / 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
$9,795
Tax year 2023
Assessed value
$1,250,000
Assessed 2023
Previous assessed
$1,162,300
+7.5% YoY
Effective rate
0.78%
On assessed value
Assessed land
$641,400
Assessed improvement
$608,600
Land market value
$641,400
Improvement market value
$608,600
Total market value
$1,250,000
Applied tax rate
805.0000
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
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
2
Total area
6,720 SF
Lot
2.37 ac (103,237 SF)
Zoning code
V1
APN
767400001800
UPID
US90-1550317
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
V1 · Sultan, WA
Zoning V1 · permitted uses
V1 · Sultan, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sultan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.4M
MEDICAL BUILDING
OFFICE BUILDING
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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
2.37 ac
Current owner
From public records · entity-resolved
Ketchum Reaper LLC
Entity
Mailing address
1120 E STEVENS AVE, SULTAN, WA 98294-9539
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$1,600,000
Ketchum Reaper LLC
Wagley Creek Enterprises LLC
Warranty Deed
$1,400,000 · Wagley Creek Enterprises LLC
Jul 1, 2003
$750,000
Wagley Creek Enterprises INC
H Alexanders Enterprises INC
Grant Deed
$733,993 · H Alexanders Enterprises INC
Mar 28, 2002
$600,000
Catalytic Converter Alexanders
Hoekema,roy & Patti
Grant Deed
$400,000 · John H & Lucille A Connolly
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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