Back to Search
Property profile & analytics
FOR SALE
Retail space
117 E Division St Arlington, WA 98223
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1834150
For Sale
1 / 40
$1,295,000
117 E Division St, Arlington, WA 98223
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1928
Construction
WOOD
Total area
4,612 SF
Lot
0.11 ac (4,792 SF)
Zoning code
16
APN
461800701600
UPID
US90-1834150
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
$655k
Owner & transaction history
Istari LLC · 10 yrs held
Istari LLC
since 2015
7 recorded transactions
Zoning & alternative use
16 · Arlington, 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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$142 / 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
$6,220
Tax year 2023
Assessed value
$670,600
Assessed 2023
Previous assessed
$670,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$185,000
Assessed improvement
$485,600
Land market value
$185,000
Improvement market value
$485,600
Total market value
$670,600
Applied tax rate
110.0000
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
1928
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
4,612 SF
Lot
0.11 ac (4,792 SF)
Zoning code
16
APN
461800701600
UPID
US90-1834150
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
16 · Arlington, WA
Zoning 16 · permitted uses
16 · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Istari LLC
Entity
Mailing address
117 DIVISION ST, ARLINGTON, WA 98223
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
—
Iastari LLC
—
Deed
related
$350,000 · Wadot Capital INC
Sep 27, 2019
—
Istari LLC
—
Deed
related
$150,000 · Wadot Cap
Oct 22, 2018
—
Istari LLC
—
Deed
related
$518,000 · Columbia State Bank
Aug 6, 2015
—
Istari LLC
Anthony R Beck
Quit Claim Deed
related
—
Feb 16, 2006
$4,172
Thomas W Malone
Exchange Properties 05-19 LLC
Grant Deed
—
Feb 16, 2006
—
Anthony R Beck
Exchange Properties 05-19 LLC
Grant Deed
$210,000 · Fairway Commercial Mortgage
Oct 13, 2005
$95,000
Exchange Properties 05-19 LLC
Arlington Alamo LLC
Warranty Deed
$71,250 · Arlington Alamo LLC
Aug 18, 2004
—
Mmc Associates LLP
Malone,thomas W & Drexel C
Quit Claim Deed
related
—
Sep 26, 1997
—
Mmc Associates LLP
Malone,john A & Brenda K
Quit Claim Deed
related
—
—
—
Istari LLC
—
Deed Of Trust
related
$150,000 · Wadot Cap
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?”
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.
