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Property profile & analytics
FOR SALE
Office buildings
17141 Vashon Hwy SW, Vashon, WA 98070
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0684404
For Sale
1 / 2
$4,250,000
17141 Vashon Hwy SW, Vashon, WA 98070
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
4,800 SF
Lot
4.88 ac (212,572 SF)
Zoning code
CBPSO
APN
302303-9096
UPID
US90-0684404
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
-
Stahl Acupuncture Vashon Medical Clinic Alternative Medicine Practice
-
Vashon Island Chamber of Commerce Business Service Center Advocacy Group
-
Vashon-Maury Island Beachcomber Advertising Agency Marketing & Advertising
-
Prouse Physical Therapy Medical Clinic
-
Vashon Island Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.55M
Owner & transaction history
Island Property Group LLC · 24 yrs held
Island Property Group LLC
since 2002
6 recorded transactions
Zoning & alternative use
CBPSO · Vashon, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+35.2%
Auto repair, garage
$2.2M
+21.8%
Medical building
$1.9M
+4.8%
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 Vashon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vashon 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%
$1,800,000
6.5%
$1,660,000
7%
$1,540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,810,000
Current use
COMMERCIAL (GENERAL)
$2,445,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,205,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$1,895,000
Change: +5% · Conversion: Easy
RETAIL STORES
$1,885,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±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
$322 / 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
$34,831
Tax year 2022
Assessed value
$3,435,900
Assessed 2022
Previous assessed
$3,435,900
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$903,400
Assessed improvement
$2,532,500
Land market value
$903,400
Improvement market value
$2,532,500
Total market value
$3,435,900
Applied tax rate
4,060.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
OFFICE BUILDING
Status
For Sale
Year built
2005
Construction
WOOD
Heating
CENTRAL
Buildings
4
Stories
1
Bathrooms
2
Total area
4,800 SF
Lot
4.88 ac (212,572 SF)
Zoning code
CBPSO
APN
302303-9096
UPID
US90-0684404
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBPSO · Vashon, WA
Zoning CBPSO · permitted uses
CBPSO · Vashon, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vashon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2005
Construction
WOOD
Heating
CENTRAL
Stories
1
Buildings
4
Bathrooms
2
Lot
4.88 ac
Current owner
From public records · entity-resolved
Island Property Group LLC
Entity
Mailing address
9014 45TH AVE SW APT #17, SEATTLE, WA 98136-2401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2018
—
Vashon Properties LLC
—
Deed
related
$2,000,000 · Banner Bank
Jan 31, 2005
—
Island Property Group LLC
—
Trustees Deed
related
$1,100,000 · Bank Of America
Jun 17, 2002
$350,000
Island Property Group LLC
Dmt Resources Gp
Grant Deed
$300,000 · Dmt Resources Gp
—
—
Island Property Group LLC
—
Deed Of Trust
related
$1,400,000 · Bank Of America
—
—
Island Property Group LLC
—
Deed Of Trust
related
$725,000 · Bank Of America
—
—
Island Property Group LLC
—
Deed Of Trust
related
$2,094,422 · Bank Of America
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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