Entity Owned Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,182 SF
Lot
2.28 ac (99,372 SF)
Zoning code
CC
APN
262205-9027
UPID
US90-0730829
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Grocery & Convenience Store Food Market
-
Atm Bank
-
Discount Store Party Supply Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$580k
Owner & transaction history
since 2008
3 recorded transactions
Zoning & alternative use
CC · Covington, WA
Zoning description
Community Commercial CC Downtown Zone DN (further specified by district) Town Center District TC Mixed Commercial District MC General Commercial District GC Mixed Housing/Office District MHO Industrial I Regional Commerc…
General category
COMMERCIAL
Top alternative use upside
Office building
$460,000
+306.1%
Auto repair, garage
$420,000
+272.9%
Commercial (general)
$380,000
+237.0%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$580k
Value range
$522k – $638k
±10% around blend
Estimated value / SF
$182 / SF
Confidence
Property data
100
Comparable evidence
60
$522k
blend $580k
$638k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,182 SF
Lot area
2.28 ac
Year built
1951
Stories
1
APN
262205-9027
Zoning
CC
Assessed value
$1,215,100
Annual tax
$16,567
3
Income approach: direct capitalization
Partial preview
Income approach indication
$810k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$880k
@ 6.5% CAP return
$810k
@ 7% CAP return
$755k
4
Sales comparison
Partial preview
Sales approach indication
$529k
Range $388k – $1.27M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$580k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+306%
vs current-use indication
Auto Repair, Garage
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.22M
Move the market yield to see immediate price impact.
Value / SF
$382
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
5.00%7.00%9.00%
$77k
$1.53M
$1.09M
$851k
$85k
$1.70M
$1.22M
$945k
$94k
$1.87M
$1.34M
$1.04M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$16,567
Tax year 2022
Assessed value
$1,215,100
Assessed 2022
Previous assessed
$1,215,100
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,043,400
Assessed improvement
$171,700
Land market value
$1,043,400
Improvement market value
$171,700
Total market value
$1,215,100
Applied tax rate
1,064.0000
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
CONVENIENCE STORE
Status
Off-Market
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
3,182 SF
Lot
2.28 ac (99,372 SF)
Zoning code
CC
APN
262205-9027
UPID
US90-0730829
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Covington, WAZoning CC · permitted uses
CC · Covington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Community Commercial CC Downtown Zone DN (further specified by district) Town Center District TC Mixed Commercial District MC General Commercial District GC Mixed Housing/Office District MHO Industrial I Regional Commerc…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
2.28 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
CC
COMMERCIAL
Jurisdiction
Covington, WA
Recorded code
CC
Official district
CC
Official district profile
What the municipal code says about CC
Zoning description
Community Commercial CC Downtown Zone DN (further specified by district) Town Center District TC Mixed Commercial District MC General Commercial District GC Mixed Housing/Office District MHO Industrial I Regional Commerc…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Covington, 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.
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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.
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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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