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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Office buildings
148 Cedar Ave Snohomish, WA 98290
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-0283209
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1916
Construction
WOOD
Total area
13,800 SF
Lot
1.3 ac (56,628 SF)
Zoning code
R2
APN
537700200100
UPID
US90-0283209
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
$4.04M
Comparable Approach
Comparable
$5.32M
Blend (final)
Blend
$3.95M
Owner & transaction history
J & D II LLC · 20 yrs held
J & D II LLC
since 2006
7 recorded transactions
Zoning & alternative use
R2 · Snohomish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.0M
+21.7%
Apartment house (5+ units)
$5.7M
+16.0%
Medical building
$5.4M
+9.5%
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%
$4,370,000
6.5%
$4,035,000
7%
$3,745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,920,000
Current use
AUTO REPAIR, GARAGE
$5,985,000
Change: +22% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,705,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$5,390,000
Change: +9% · Conversion: Easy
RETAIL STORES
$4,740,000
Change: -4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,185,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$3,985,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±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
$286 / 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
$24,975
Tax year 2023
Assessed value
$2,850,000
Assessed 2023
Previous assessed
$2,564,000
+11.2% YoY
Effective rate
0.88%
On assessed value
Assessed land
$823,800
Assessed improvement
$2,026,200
Land market value
$823,800
Improvement market value
$2,026,200
Total market value
$2,850,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1916
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
5
Stories
2
Total area
13,800 SF
Lot
1.3 ac (56,628 SF)
Zoning code
R2
APN
537700200100
UPID
US90-0283209
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Snohomish, WA
Zoning R2 · permitted uses
R2 · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snohomish. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.4M
RETAIL STORES
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$4.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
1916
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
5
Lot
1.3 ac
Current owner
From public records · entity-resolved
J & D II LLC
Entity
Mailing address
605 2ND ST, SNOHOMISH, WA 98290-2669
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2006
$1,500,000
J & D II LLC
Blossom Dev Corp
Warranty Deed
$750,000 · Edward B & Yvonne K Wise
Mar 2, 2006
—
Blossom Management Corp
Hertz,kenneth D & Kathryn M
Quit Claim Deed
related
—
Jun 30, 1999
$140,000
Blossom Development Corp
Hertz,kenneth & Kathryn
Quit Claim Deed
related
—
Dec 16, 1997
$1,312,000
Rex Hensrude
Drw Investmane
Grant Deed
$1,242,000 · Individual
—
—
Blossom Development Corp
—
Deed Of Trust
related
$2,000,000 · Peoples Bank & Trust
—
—
Blossom Development Corp
—
Deed Of Trust
related
$750,000 · Peoples Bank & Trust
—
—
Blossom Development Corp
—
Deed Of Trust
related
$750,000 · Peoples Bank & Trust
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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