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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Retail space
1207 2nd St Marysville, WA 98270-4906
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0287181
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
7,104 SF
Lot
0.16 ac (6,970 SF)
Zoning code
DC
APN
510700500800
UPID
US90-0287181
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
-
Spark Cash Advance Loan Service
-
Keller Hot Yoga Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$815k
Owner & transaction history
Michael J Zachmanas · 5 yrs held
Michael J Zachmanas
since 2021
Last sale
$740,000
7 recorded transactions
Zoning & alternative use
DC · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to encourage high density residential mixed use and office mixed use.
Zone name
Downtown Core
General category
MIXED_USE
Zone area
135.20 ac
Source
Realmo
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
Method
Estimation
Statistic approach
$860,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $740k (Mar 9 2021)
Last sale anchor
$740k
Mar 9 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
$115 / 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
$4,251
Tax year 2023
Assessed value
$709,000
Assessed 2023
Previous assessed
$768,400
-7.7% YoY
Effective rate
0.60%
On assessed value
Assessed land
$206,600
Assessed improvement
$502,400
Land market value
$206,600
Improvement market value
$502,400
Total market value
$709,000
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
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
7,104 SF
Lot
0.16 ac (6,970 SF)
Zoning code
DC
APN
510700500800
UPID
US90-0287181
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · Marysville, WAZoning DC · permitted uses
DC · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to encourage high density residential mixed use and office mixed use.
Zone name
Downtown Core
General category
MIXED_USE
Zone area
135.20 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Michael J Zachmanas
Individual
Mailing address
19205 18TH AVE NW, ARLINGTON, WA 98223-8369
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2021
$740,000
Michael J Zachmanas
Ronald L Kreger
Warranty Deed
$600,000 · Ronald Kreger
Sep 3, 2004
—
Ronald L Kreger
Kreger,zenda R
Quit Claim Deed
related
—
Jan 27, 1999
$210,000
Ronald L Kreger
Scoleri,mike J & Janet
Grant Deed
$171,476 · Frontier Bank
Jun 1, 1988
$45,000
Mike J Scoleri
Unknown
Grant Deed
$35,550 · Frontier Bank
—
—
Ronald L Kreger
—
Deed Of Trust
related
$150,000 · Coastal Community Bank
—
—
Ronald L Kreger
—
Deed Of Trust
related
$223,554 · Frontier Bank
—
—
Ronald L Kreger
—
Deed Of Trust
related
$55,759 · Frontier Bank
—
—
Ronald L Kreger
—
Deed Of Trust
related
$235,484 · Frontier 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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