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Property profile & analytics
FOR SALE
Retail space
1118 1St St Snohomish, WA 98290
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-3249376
For Sale
1 / 4
$2,750,000
1118 1St St, Snohomish, WA 98290
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Construction
TYPE NOT SPECIFIED
Total area
7,728 SF
Lot
0.07 ac (3,049 SF)
Zoning code
HB
APN
579500701505
UPID
US90-3249376
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
-
Ripple Ministries of Snohomish Film Production Television Studio
-
Laurel House & Homestead (formerly Retreat Plant Company) (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Jezebel VonZephyr Photography Photography Service (Bike/Boat/Book/etc) Store
-
Unknown Tattoo Co. Tattoo & Piercing Shop
-
Retreat Botanicals Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.11M
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Bowline LLC · 5 yrs held
Bowline LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
HB · Snohomish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+13.6%
Office building
$2.8M
+3.8%
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
$2,030,000
ML approach
$2,110,000
CAP Approach
CAP Return
Estimation
6%
$1,815,000
6.5%
$1,675,000
7%
$1,555,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,655,000
Current use
MEDICAL BUILDING
$3,015,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$2,755,000
Change: +4% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,345,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$2,230,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±10% · vs last sale $1.75M (Feb 16 2021)
Last sale anchor
$1.75M
Feb 16 2021
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
$241 / 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
$15,296
Tax year 2023
Assessed value
$1,745,000
Assessed 2023
Previous assessed
$1,550,000
+12.6% YoY
Effective rate
0.88%
On assessed value
Assessed land
$271,600
Assessed improvement
$1,473,400
Land market value
$271,600
Improvement market value
$1,473,400
Total market value
$1,745,000
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
1890
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
3
Bathrooms
2
Total area
7,728 SF
Lot
0.07 ac (3,049 SF)
Zoning code
HB
APN
579500701505
UPID
US90-3249376
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HB · Snohomish, WA
Zoning HB · permitted uses
HB · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1890
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Bowline LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1317 N 78TH ST, SEATTLE, WA 98103-4843
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2021
$1,750,000
Bowline LLC
Snoho Triangle LLC
Warranty Deed
—
Jan 24, 2017
$1,400,000
Snoho Triangle LLC
Pioneer Market Group LLC
Warranty Deed
$400,000 · Pioneer Market Group LLC
Feb 25, 2015
—
Topalian,celia Trust
Topalian Celia M
Quit Claim Deed
related
—
Jun 14, 2012
—
Pioneer Market Grp LLC
Volcano Investments LLC
Quit Claim Deed
related
—
Aug 31, 2006
$1,750,000
Volcano Investments LLC
Pioneer Market Group
Warranty Deed
$1,365,000 · Pioneer Market Group LLC
Dec 3, 1997
—
Pioneer Market Group
Smith,brent A & Celia M
Quit Claim Deed
related
$215,000 · Seafirst Bank
Apr 1, 1990
$172,500
—
—
Grant Deed
related
$106,950 · Seller
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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