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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Retail space
16510 State Rte 9th SE Snohomish, WA 98296-8370
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-1739314
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
TYPE NOT SPECIFIED
Total area
8,480 SF
Lot
1.91 ac (83,200 SF)
Zoning code
CRC
APN
27051200202200
UPID
US90-1739314
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.79M
Owner & transaction history
Ss Lamba LLC · 12 yrs held
Ss Lamba LLC
since 2013
7 recorded transactions
Zoning & alternative use
CRC · Snohomish, 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 Snohomish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snohomish 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,990,000
6.5%
$1,840,000
7%
$1,705,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,570,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$2,450,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±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
$211 / 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
$38,482
Tax year 2023
Assessed value
$3,987,600
Assessed 2023
Previous assessed
$3,988,000
0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$1,697,100
Assessed improvement
$2,290,500
Land market value
$1,697,100
Improvement market value
$2,290,500
Total market value
$3,987,600
Applied tax rate
3,669.0000
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
1979
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
5
Stories
1
Bathrooms
1
Total area
8,480 SF
Lot
1.91 ac (83,200 SF)
Zoning code
CRC
APN
27051200202200
UPID
US90-1739314
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CRC · Snohomish, WA
Zoning CRC · permitted uses
CRC · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snohomish. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.5M
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
1979
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Bathrooms
1
Lot
1.91 ac
Current owner
From public records · entity-resolved
Ss Lamba LLC
Entity
Mailing address
16510 STATE RTE 9TH SE STE #104, SNOHOMISH, WA 98296-8370
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2019
—
Ss Lamba LLC
—
Deed
related
$2,170,000 · Unibank
Oct 24, 2013
$3,150,000
Ss Lamba LLC
Highway 9 Shopping Center LLC
Warranty Deed
$2,170,000 · Unibank
Dec 8, 2006
—
Highway 9 Shopping Center LLC
—
Trustees Deed
related
$1,650,000 · Golf Savings Bank
Nov 18, 2002
$1,000,000
Highway 9 Shopping Center LLC
Gunn,harry E & George
Grant Deed
$433,333 · Harry E Gunn
—
—
Ss Lamba LLC
—
Loan Modification
related
$2,170,000 · Unibank
—
—
Highway 9 Shopping Center
—
Deed Of Trust
related
$2,350,000 · Golf Savings Bank
—
—
Highway 9 Shopping Center LLC
—
Deed Of Trust
related
$200,000 · Conocophillips Co
—
—
Highway 9 Shopping Center LLC
—
Deed Of Trust
related
$203,240 · City 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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