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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Sports & entertainment properties
14320 28th NE St Lake Stevens, WA 98258-9788
Individually Owned
Free & Clear
Property ID
US90-1315633
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1998
Construction
WOOD
Total area
5,944 SF
Lot
112.44 ac (4,897,886 SF)
Zoning code
S8
APN
29060900100300
UPID
US90-1315633
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
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$585k
Owner & transaction history
CONNOR PARK LAKE
CONNOR PARK LAKE
Zoning & alternative use
S8 · Lake Stevens, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$965,000
+176.3%
Auto repair, garage
$735,000
+110.0%
Commercial (general)
$665,000
+90.1%
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 Lake Stevens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Stevens 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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$965,000
Change: +176% · Conversion: Difficult
AUTO REPAIR, GARAGE
$735,000
Change: +110% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: +90% · Conversion: Difficult
RESTAURANT
$650,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$550,000
Change: +58% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$455,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$98 / 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
$50,471
Tax year 2023
Assessed value
$3,964,700
Assessed 2023
Previous assessed
$3,774,100
+5.1% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,765,300
Assessed improvement
$2,199,400
Land market value
$1,765,300
Improvement market value
$2,199,400
Total market value
$3,964,700
Applied tax rate
3,162.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
6
Stories
1
Rooms
2
Bathrooms
4
Total area
5,944 SF
Lot
112.44 ac (4,897,886 SF)
Zoning code
S8
APN
29060900100300
UPID
US90-1315633
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
S8 · Lake Stevens, WA
Zoning S8 · permitted uses
S8 · Lake Stevens, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Stevens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$665,000
RESTAURANT
Est. value
$650,000
MEDICAL BUILDING
Est. value
$550,000
INDUSTRIAL (GENERAL)
Est. value
$455,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Rooms
2
Bathrooms
4
Lot
112.44 ac
Current owner
From public records · entity-resolved
CONNOR PARK LAKE
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 158, LAKE STEVENS, WA 98258-0158
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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