15215 Brown Ave NE Duvall, WA 98019
Grocery and convenience stores
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Entity Owned
1-yr Hold
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For Sale
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15215 Brown Ave NE, Duvall, WA 98019
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Estimated value (blended)
$2.24M
Range $2.02M – $2.46M (±10%)
Property ID
US90-2114638
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1982
Construction
STEEL FRAME
Total area
17,136 SF
Lot
1.21 ac (52,540 SF)
Zoning code
MT
APN
132606-9218
UPID
US90-2114638
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$2.24M
Owner & transaction history
since 2024
2 recorded transactions
Zoning & alternative use
MT · Duvall, WA
Zoning description
The purposes of the Midtown zoning district are to provide transition between Old Town and Commercial, provide land for retail, service, business, office, and entertainment uses, provide economic, employment, and housing…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.24M
Value range
$2.02M – $2.46M
±10% around blend
Estimated value / SF
$131 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
70
Income certainty
100
$2.02M
blend $2.24M
$2.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,136 SF
Lot area
1.21 ac
Year built
1982
Stories
1
APN
132606-9218
Assessed value
$1,582,100
Annual tax
$18,782
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$18,782
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$6.15M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
19.5 mi away · 13,790 SF
23.1 mi away · 14,490 SF
29.2 mi away · 16,000 SF
32.7 mi away · 21,222 SF
33.7 mi away · 18,870 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.24M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 399 sales
$392
-67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $131/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
7.95%
Selected cap rate for this grocery and convenience stores
Derived from the Duvall market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.95%
9.0%
NOI (est.)
$307k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.86M
Move the market yield to see immediate price impact.
Value / SF
$225
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.45%7.95%8.45%
$276k
$3.70M
$3.47M
$3.26M
$307k
$4.11M
$3.86M
$3.63M
$337k
$4.53M
$4.24M
$3.99M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$8.00M
9.3 mi · Feb 2026 · $649/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$18,782
Tax year 2022
Assessed value
$1,582,100
Assessed 2022
Previous assessed
$1,582,100
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$788,100
Assessed improvement
$794,000
Land market value
$788,100
Improvement market value
$794,000
Total market value
$1,582,100
Applied tax rate
1,155.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Year built
1982
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
17,136 SF
Lot
1.21 ac (52,540 SF)
Zoning code
MT
APN
132606-9218
UPID
US90-2114638
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MT · Duvall, WAZoning MT · permitted uses
MT · Duvall, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purposes of the Midtown zoning district are to provide transition between Old Town and Commercial, provide land for retail, service, business, office, and entertainment uses, provide economic, employment, and housing…
General category
MIXED_USE
Building & site characteristics
From public records
Year built
1982
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
1.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
MT
MIXED_USE
Jurisdiction
Duvall, WA
Recorded code
MT
Official district
MT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MT in Duvall, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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