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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
124 Ave D D Snohomish, WA 98290-2743
Individually Owned
22-yr Hold
Property ID
US90-0061630
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1914
Construction
WOOD
Total area
2,458 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R6
APN
444100500600
UPID
US90-0061630
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
$535k
Comparable Approach
Comparable
$363k
Blend (final)
Blend
$550k
Owner & transaction history
Douglas P Thede · 22 yrs held
Douglas P Thede
since 2003
7 recorded transactions
Zoning & alternative use
R6 · Snohomish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ord 2296 Development Code
Top alternative use upside
Office building
$875,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
RETAIL STORES
$845,000
Current use
OFFICE BUILDING
$875,000
Change: +4% · Conversion: Easy
COMMERCIAL (GENERAL)
$745,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$710,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$224 / 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
$5,397
Tax year 2023
Assessed value
$615,000
Assessed 2023
Previous assessed
$509,200
+20.8% YoY
Effective rate
0.88%
On assessed value
Assessed land
$354,000
Assessed improvement
$261,000
Land market value
$354,000
Improvement market value
$261,000
Total market value
$615,000
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
Off-Market
Year built
1914
Construction
WOOD
Heating
HEAT PUMP
Cooling
NONE
Stories
2
Rooms
4
Bathrooms
2
Total area
2,458 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R6
APN
444100500600
UPID
US90-0061630
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R6 · Snohomish, WAZoning R6 · permitted uses
R6 · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ord 2296 Development Code
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$845,000
OFFICE BUILDING
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$710,000
RETAIL STORES Current
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
1914
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Douglas P Thede
Individual
Mailing address
124 AVE D D, SNOHOMISH, WA 98290-2743
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
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
Dec 9, 2019
—
Douglas P Thede
—
Deed
related
$262,400 · Mr Cooper
Dec 9, 2003
$348,000
Douglas P Thede
Smith,andrew J & Mercedes M
Grant Deed
$313,200 · Peoples Bank & Trust
Nov 30, 1999
$245,000
Andrew J Smith
Kelnhofer,david J & Cheryl A
Grant Deed
$220,500 · Washington Mutual Fsb
Aug 2, 1993
$225,000
David J Kelnhofer
Lintner
Grant Deed
$180,000 · World Savings & Loan
—
—
David J Kelnofer
—
Deed Of Trust
related
$12,000 · Interwest Bank
—
—
Mercedes M Smith
—
Deed Of Trust
related
$233,600 · Washington Mutual Fsb
—
—
Douglas P Thede
—
Deed Of Trust
related
$262,400 · Mr Cooper
—
—
Douglas Thede
—
Deed Of Trust
related
$25,000 · Citibank Fsb
—
—
Douglas P Thede
—
Deed Of Trust
related
$50,000 · Boeing Emps Cu
—
—
Andrew J Smith
—
Deed Of Trust
related
$29,000 · Washington Mutual Fsb
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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