New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Retail space
1109 Frontier E Cir, Lake Stevens, WA 98258-3442
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1257327
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
25,097 SF
Lot
0.69 ac (30,056 SF)
Zoning code
SK
APN
29051300100900
UPID
US90-1257327
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
State Of Washington · 4 yrs held
State Of Washington
since 2022
7 recorded transactions
Zoning & alternative use
SK · Lake Stevens, 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 Lake Stevens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Stevens 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$119 / 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
$37,094
Tax year 2023
Assessed value
$4,306,000
Assessed 2023
Previous assessed
$4,362,000
-1.3% YoY
Effective rate
0.86%
On assessed value
Assessed land
$883,600
Assessed improvement
$3,422,400
Land market value
$883,600
Improvement market value
$3,422,400
Total market value
$4,306,000
Applied tax rate
406.0000
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
2003
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
25,097 SF
Lot
0.69 ac (30,056 SF)
Zoning code
SK
APN
29051300100900
UPID
US90-1257327
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Lake Stevens, WA
Zoning SK · permitted uses
SK · Lake Stevens, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Stevens. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
1109 FRONTIER CIR E STE A, LAKE STEVENS, WA 98258-3442
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
—
Salute Properties LLC
—
Deed
related
$4,700,000 · Grand Pacific Financing Corporation
Jul 5, 2022
—
State Of Washington
Salute Properties LLC
Warranty Deed
—
Aug 11, 2020
—
Salute Properties LLC
—
Deed
related
$3,825,000 · Mountain Pacific Bank
Dec 28, 2018
—
Salute Properties LLC
—
Deed
related
$2,980,000 · Harvest Com'l Cap LLC
Oct 30, 2015
$3,050,000
Salute Properties LLC
Colby Re LLC
Quit Claim Deed
related
$2,824,500 · Coastal Community Bank
Apr 16, 2013
$843
Colby Re LLC
Opus Bk
Quit Claim Deed
related
—
Feb 11, 2002
—
B & T Olson Family LLC
—
Trustees Deed
related
$2,017,000 · Frontier Bank
Jul 30, 2001
$74,675
B & T Olson Family LLC
Huber Development INC
Grant Deed
$311,890 · Cascade Bank
—
—
Salute Properties LLC
—
Deed Of Trust
related
$2,980,000 · Harvest Com'l Cap LLC
—
—
B & T Olson Family LLC
—
Deed Of Trust
related
$325,000 · Cascade Bank
—
—
B & T Olson Family LLC
—
Deed Of Trust
related
$7,060,000 · Cascade 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1109 Frontier E Cir?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
