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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
1617 Grv St Marysville, WA 98270-4301
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0282997
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1980
Construction
WOOD
Total area
3,594 SF
Lot
0.41 ac (17,860 SF)
Zoning code
M2
APN
30052800204400
UPID
US90-0282997
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
-
Marysville Chiropractic: Robert DeFever DC Alternative Medicine Practice
-
Ideal Option Medical Clinic
-
Rinaldi Evelyn M Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$900k
Blend (final)
Blend
$785k
Owner & transaction history
Pomaikai LLC · 5 yrs held
Pomaikai LLC
since 2021
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
M2 · 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
Method
Estimation
Statistic approach
$900,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,275,000
Current use
COMMERCIAL (GENERAL)
$1,090,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$1,040,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $650k (Feb 25 2021)
Last sale anchor
$650k
Feb 25 2021
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
$218 / 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
$3,370
Tax year 2023
Assessed value
$563,200
Assessed 2023
Previous assessed
$566,800
-0.6% YoY
Effective rate
0.60%
On assessed value
Assessed land
$464,900
Assessed improvement
$98,300
Land market value
$464,900
Improvement market value
$98,300
Total market value
$563,200
Applied tax rate
511.0000
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
1980
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
3,594 SF
Lot
0.41 ac (17,860 SF)
Zoning code
M2
APN
30052800204400
UPID
US90-0282997
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Marysville, WA
Zoning M2 · permitted uses
M2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING Current
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
1980
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Pomaikai LLC
Entity
Mailing address
3004 199TH AVE CT E, LAKE TAPPS, WA 98391-9024
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2021
—
Pomaikai LLC
Eastside Funding LLC
Quit Claim Deed
related
—
Feb 25, 2021
$100,000
Pomaikai LLC
Robert B Defever
Trustees Deed
related
—
Sep 18, 2020
—
Robert B Defever
—
Deed
related
$85,000 · North Cnty Bk
Oct 1, 2014
—
Robert B Defever
Defever,jodee L
Quit Claim Deed
related
—
Sep 9, 2002
$650,000
Robert B Defever
Burkett,james C & E J
Grant Deed
$600,000 · North County Bank
—
—
James C Burkett
—
Deed Of Trust
related
$495,000 · Everett Mutual Savings Bank
—
—
Robert B Defever
—
Deed Of Trust
related
$85,000 · North County Bank
—
—
Robert B Defever
—
Deed Of Trust
related
$85,000 · North Cnty Bk
—
—
Robert B Defever
—
Deed Of Trust
related
$684,000 · North County 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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