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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Retail space
11515 State Ave Marysville, WA 98271-7245
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US90-1085373
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
11,032 SF
Lot
0.96 ac (41,818 SF)
Zoning code
M2
APN
30050900301700
UPID
US90-1085373
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
-
Kami Teriyaki Restaurant
-
Jet City Pizza ( Under New Managment) Restaurant
-
“Won's Asian Market Korea, International Asian Foods Market in Marysville's (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
“Won's Asian Market International Asian Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Jet City Pizza Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
Hp Realty LLC · 28 yrs held
Hp Realty LLC
since 1997
7 recorded transactions
Zoning & alternative use
M2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$127 / 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
$13,252
Tax year 2023
Assessed value
$2,219,500
Assessed 2023
Previous assessed
$2,094,000
+6.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$897,400
Assessed improvement
$1,322,100
Land market value
$897,400
Improvement market value
$1,322,100
Total market value
$2,219,500
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
11,032 SF
Lot
0.96 ac (41,818 SF)
Zoning code
M2
APN
30050900301700
UPID
US90-1085373
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Marysville, WA
Zoning M2 · permitted uses
M2 · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Hp Realty LLC
Entity
Mailing address
650 S ORCAS ST STE #210, SEATTLE, WA 98108-2652
Ownership since
1997
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
Jul 26, 2018
—
H P Realty LLC
—
Deed
related
$1,350,000 · Tiaa Fsb
Jul 17, 2018
—
Hp Realty LLC
—
Deed
related
$1,350,000 · Tiaa Fsb
Sep 19, 1997
$1,680,000
Hp Realty LLC
Shd Associates
Grant Deed
—
—
—
Hp Realty LLC
—
Deed Of Trust
related
$925,000 · Great Lakes Cu
—
—
Hp Realty LLC
—
Deed Of Trust
related
$1,350,000 · Tiaa Fsb
—
—
H P Realty LLC
—
Deed Of Trust
related
$1,350,000 · Tiaa Fsb
—
—
Hp Realty LLC
—
Deed Of Trust
related
$1,050,000 · Rainier Pacific 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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