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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Retail space
15630 Main NE St Duvall, WA 98019-8491
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0455665
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,605 SF
Lot
0.12 ac (5,373 SF)
Zoning code
OT
APN
213070-0655
UPID
US90-0455665
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
-
Beju Wellness Alternative Medicine Practice
-
JLP Healing & Hypnotherapy Alternative Medicine Practice
-
Tristin Mclaren Alternative Medicine Practice Acupuncture
-
Studio Beju Department Store
-
Bees Hive Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$825k
Owner & transaction history
Grace Rae Property Management LLC · 3 yrs held
Grace Rae Property Management LLC
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
OT · Duvall, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$820,000
+30.0%
Auto repair, garage
$735,000
+17.0%
Medical building
$635,000
+0.7%
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 Duvall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duvall 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
$870,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$630,000
Current use
COMMERCIAL (GENERAL)
$820,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$735,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$605,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $800k (May 12 2023)
Last sale anchor
$800k
May 12 2023
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
$514 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,735
Tax year 2022
Assessed value
$481,500
Assessed 2022
Previous assessed
$481,500
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$118,200
Assessed improvement
$363,300
Land market value
$118,200
Improvement market value
$363,300
Total market value
$481,500
Applied tax rate
1,155.0000
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
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
1,605 SF
Lot
0.12 ac (5,373 SF)
Zoning code
OT
APN
213070-0655
UPID
US90-0455665
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
OT · Duvall, WA
Zoning OT · permitted uses
OT · Duvall, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Duvall. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$735,000
MEDICAL BUILDING
Est. value
$635,000
OFFICE BUILDING
Est. value
$605,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Grace Rae Property Management LLC
Entity
Free & Clear · 3 yrs held
Mailing address
15709 278TH AVE NE, DUVALL, WA 98019-8557
Ownership since
2023
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
Feb 6, 2024
—
Grace Rae Property Management LLC
—
Deed
related
$304,255 · Banner Bank
May 12, 2023
$800,000
Grace Rae Property Management LLC
Studio Beju LLC
Warranty Deed
—
Jul 20, 2015
—
Studio Beju LLC
Banes Geraldine & John
Warranty Deed
—
May 20, 2014
$395,000
Geraldine Banes
Vision Partners LLC
Warranty Deed
—
Jun 20, 2005
$247,000
Vision Partners LLC
Main Street Duval LLC
Grant Deed
—
Apr 6, 2005
$256,445
Main Street Duvall LLC
First States Investors 102 LLC
Grant Deed
—
Jul 6, 2004
$242,500
First States Investors 102 LLC
Bank Of America
Grant Deed
related
—
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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