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Property profile & analytics
OFF-MARKET
Estimated value
$5,425,000
Grocery and convenience stores
115 Granite Ave Granite Falls, WA 98252-8441
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0811612
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1993
Construction
WOOD
Total area
16,080 SF
Lot
3.41 ac (148,540 SF)
Zoning code
COMMUNITY BUSINESS
APN
30071800315200
UPID
US90-0811612
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
-
Julie L. Musladin, RPH Pharmacy
-
John G. Gordon, RPh Pharmacy
-
S.H Home Staging & Design Department Store
-
Granite Falls IGA Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.02M
CAP Approach
CAP
$3.49M
Comparable Approach
Comparable
$5.24M
Blend (final)
Blend
$5.43M
Owner & transaction history
115 N Granite Ave LLC · 4 yrs held
115 N Granite Ave LLC
since 2022
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
COMMUNITY BUSINESS · Granite Falls, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+78.0%
Auto repair, garage
$7.0M
+49.0%
Apartment house (5+ units)
$6.7M
+42.0%
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 Granite Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Granite Falls 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
$5,455,000
ML approach
$6,015,000
CAP Approach
CAP Return
Estimation
6%
$3,775,000
6.5%
$3,485,000
7%
$3,235,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,680,000
Current use
RESTAURANT
$8,335,000
Change: +78% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,975,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,650,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$6,280,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$5,735,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,875,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$4,645,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$5.43M
Range $4.88M – $5.97M · ±10% · vs last sale $5.50M (Jun 14 2022)
Last sale anchor
$5.50M
Jun 14 2022
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
$337 / 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
$34,216
Tax year 2023
Assessed value
$4,198,600
Assessed 2023
Previous assessed
$3,665,000
+14.6% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,137,100
Assessed improvement
$3,061,500
Land market value
$1,137,100
Improvement market value
$3,061,500
Total market value
$4,198,600
Applied tax rate
304.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
16,080 SF
Lot
3.41 ac (148,540 SF)
Zoning code
COMMUNITY BUSINESS
APN
30071800315200
UPID
US90-0811612
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
COMMUNITY BUSINESS · Granite Falls, WAZoning COMMUNITY BUSINESS · permitted uses
COMMUNITY BUSINESS · Granite Falls, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.7M
RESTAURANT
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.6M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1993
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.41 ac
Current owner
From public records · entity-resolved
115 N Granite Ave LLC
Entity
Mailing address
6020 192ND ST SE, SNOHOMISH, WA 98296-8336
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
$5,500,000
115 N Granite Ave LLC
Monte Cristo Square LLC
Warranty Deed
$3,850,000 · Alaska USA FCU
Dec 20, 2019
—
Monte Cristo Square LLC
—
Deed
related
$824,720 · Real Property Funding Group LLC
Jan 23, 2019
$4,400,000
Monte Cristo Square LLC
Frontier Investment Company
Bargain And Sale Deed
$2,550,000 · Sound Community Bank
Apr 1, 1989
$265,000
Frontier Investment Company
Unknown
Grant Deed
—
—
—
Frontier Investment Co
—
Deed Of Trust
related
$224,596 · Robert & Deborah Hill
—
—
Frontier Inv Co
—
Deed Of Trust
related
$39,258 · Frontier Bank
—
—
Frontier Investment Co
—
Deed Of Trust
related
$48,119 · Frontier Bank
—
—
Frontier Investments Co
—
Deed Of Trust
related
$925,000 · Us Bank NA
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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