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Property profile & analytics
OFF-MARKET
Retail space
1507 172nd NE St Marysville, WA 98271-5484
Entity Owned
~
Est. High Equity
Property ID
US90-1446167
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
WOOD
Total area
4,800 SF
Lot
27.63 ac (1,203,563 SF)
Zoning code
M7
APN
31051900401100
UPID
US90-1446167
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
-
McKeon Financial Financial Advisor
-
Western Land & Resources Big Box & Wholesale Store
-
Bray’s Coffee Take-out & Catering Cafe & Coffee Shop
-
Gemmer Myron Auto Repair Shop
-
Michael T. Breneman, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gem Enterprises LLC
Gem Enterprises LLC
since 2025
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
M7 · 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
—
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
$17,018
Tax year 2023
Assessed value
$2,141,100
Assessed 2023
Previous assessed
$2,182,000
-1.9% YoY
Effective rate
0.79%
On assessed value
Assessed land
$1,142,600
Assessed improvement
$998,500
Land market value
$1,142,600
Improvement market value
$998,500
Total market value
$2,141,100
Applied tax rate
514.0000
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
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
4
Stories
2
Rooms
3
Bathrooms
1
Total area
4,800 SF
Lot
27.63 ac (1,203,563 SF)
Zoning code
M7
APN
31051900401100
UPID
US90-1446167
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M7 · Marysville, WA
Zoning M7 · permitted uses
M7 · 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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Rooms
3
Bathrooms
1
Lot
27.63 ac
Current owner
From public records · entity-resolved
Gem Enterprises LLC
Entity
Ownership since
2025
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
Oct 15, 2025
—
Gem Enterprises LLC
Myron F Gemmer
Quitclaim Deed
related
—
Jun 4, 2025
$14,500,000
Lakewood Heights Marysville LP
Myron Gemmer
Warranty Deed
—
Jan 5, 2024
—
Mjs Investors Acquisition LLC
Bradley Gemmer
Agreement Of Sale
—
Jan 3, 2024
—
Myron Gemmer
Myron Gemmer
Intrafamily Transfer
related
—
Sep 28, 2016
—
Myron F Gemmer
—
Deed
related
$4,143,115 · Coastal Community Bank
Mar 30, 2007
—
Myron F Gemmer
—
Trustees Deed
related
$3,556,000 · Whidbey Island Bank
—
—
Myron F Gemmer
—
Deed Of Trust
related
$144,500 · Washington Mutual Fsb
—
—
Myron F Gemmer
—
Deed Of Trust
related
$227,639 · American West Bank
—
—
Myron F Gemmer
—
Deed Of Trust
related
$250,000 · Horizon Bank
—
—
Myron F Gemmer
—
Deed Of Trust
related
$1,275,000 · Viking 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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