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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Office buildings
1402 State Ave Marysville, WA 98270-3607
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3259463
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1966
Construction
WOOD
Total area
1,274 SF
Lot
0.59 ac (25,700 SF)
Zoning code
M4
APN
30052100312400
UPID
US90-3259463
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
-
Oxy Auto Sales & CDL School Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Royal Real Estate Company · 5 yrs held
Royal Real Estate Company
since 2021
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
M4 · 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
$930 / 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
$5,564
Tax year 2023
Assessed value
$775,500
Assessed 2023
Previous assessed
$511,300
+51.7% YoY
Effective rate
0.72%
On assessed value
Assessed land
$503,000
Assessed improvement
$272,500
Land market value
$503,000
Improvement market value
$272,500
Total market value
$775,500
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
1,274 SF
Lot
0.59 ac (25,700 SF)
Zoning code
M4
APN
30052100312400
UPID
US90-3259463
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M4 · Marysville, WA
Zoning M4 · permitted uses
M4 · 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
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Royal Real Estate Company
Entity
Mailing address
21121 35TH DR SE, BOTHELL, WA 98021-7092
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
—
Royal Real Estate Company
—
Deed
related
$5,000,000 · Us Metro Bank
Jul 27, 2022
—
Royal Real Estate Company INC
—
Deed
related
$1,192,000 · Verity Cu
Mar 26, 2021
$1,475,000
Royal Real Estate Company
Guaymas Properties Of Marysvllle Ll
Warranty Deed
$1,022,000 · Grand Pacific Mortgage Corp
Apr 24, 2018
—
Guaymas Props Of Marysville LLC
—
Deed
related
$1,000,000 · Robert Chicoine Law
Jan 8, 2007
$750,000
Guaymas Props Of Marysville LLC
Baljat Group
Warranty Deed
$650,000 · Baljat Group
—
—
Guaymas Props Of Marysville LLC
—
Deed Of Trust
related
$1,000,000 · Robert Chicoine Law
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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