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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
1636 3rd St Marysville, WA 98270-5004
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US90-0298832
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1908
Construction
WOOD
Total area
1,994 SF
Lot
0.25 ac (10,890 SF)
Zoning code
M7
APN
528700100100
UPID
US90-0298832
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
-
Third Street Law Law Firm
-
Wayne P. Pellegrini Law Firm
-
Uplift Wellness and Massage Alternative Medicine Practice Spa & Massage Center
-
Briana Carroll Alternative Medicine Practice Acupuncture
-
Joshua Mcfalls Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$530k
Owner & transaction history
Marysville City (wa) · 26 yrs held
Marysville City (wa)
since 2000
7 recorded transactions
Zoning & alternative use
M7 · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+15.2%
Medical building
$780,000
+10.1%
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
by Request
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$780,000
Change: +10% · Conversion: Easy
COMMERCIAL (GENERAL)
$605,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$575,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10%
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
$266 / 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
$5,167
Tax year 2023
Assessed value
$866,100
Assessed 2023
Previous assessed
$752,000
+15.2% YoY
Effective rate
0.60%
On assessed value
Assessed land
$322,900
Assessed improvement
$543,200
Land market value
$322,900
Improvement market value
$543,200
Total market value
$866,100
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
1908
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Bathrooms
4
Total area
1,994 SF
Lot
0.25 ac (10,890 SF)
Zoning code
M7
APN
528700100100
UPID
US90-0298832
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$815,000
MEDICAL BUILDING
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$575,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1908
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Marysville City (wa)
Entity
Mailing address
1636 3RD ST, MARYSVILLE, WA 98270-5004
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2021
—
Lawgate LLC
—
Deed
related
$370,000 · Coastal Community Bank
Jan 27, 2000
—
Marysville City (wa)
Zachry,glen & Eilene
Grant Deed
related
—
Feb 10, 1999
$265,000
Lawgate LLC
Zachry,glen D & Eilene M
Grant Deed
$265,000 · Seller
Feb 5, 1998
$193,984
Glen Zachry
Horrell,dee E & Olive E
Trustees Deed
—
Oct 16, 1996
—
Margery Tiessen
Egge,dee J
Grant Deed
related
—
—
—
Lawgate LLC
—
Deed Of Trust
related
$25,000 · Key Bank NA
—
—
Dee J Egge
—
Deed Of Trust
related
$10,000 · Individual
—
—
Dee J Egge
—
Deed Of Trust
related
$25,000 · Jensen Anna I
—
—
Lawgate Holdings LLC
—
Deed Of Trust
related
$84,700 · North County Bank
—
—
Dee Egge
—
Deed Of Trust
related
$31,012 · Frontier Bank
—
—
Lawgate LLC
—
Deed Of Trust
related
$245,000 · Key Bank NA
—
—
Glen D Zachry
—
Deed Of Trust
related
$193,004 · Frontier 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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