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Property profile & analytics
OFF-MARKET
Estimated value
$3,515,000
Drug stores
17226 Smokey Pt Blvd Arlington, WA 98223-8718
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US90-0978250
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
16,617 SF
Lot
1.93 ac (84,071 SF)
Zoning code
A4
APN
31052000401300
UPID
US90-0978250
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
$3.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
Transpacific Corp · 25 yrs held
Transpacific Corp
since 2001
7 recorded transactions
Zoning & alternative use
A4 · Arlington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.0M
+4.1%
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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%
$3,905,000
6.5%
$3,605,000
7%
$3,345,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,840,000
Current use
COMMERCIAL (GENERAL)
$5,035,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$3.52M
Range $3.16M – $3.87M · ±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
$212 / 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
$46,289
Tax year 2023
Assessed value
$5,911,500
Assessed 2023
Previous assessed
$5,278,000
+12.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$2,605,400
Assessed improvement
$3,306,100
Land market value
$2,605,400
Improvement market value
$3,306,100
Total market value
$5,911,500
Applied tax rate
116.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
16,617 SF
Lot
1.93 ac (84,071 SF)
Zoning code
A4
APN
31052000401300
UPID
US90-0978250
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
A4 · Arlington, WA
Zoning A4 · permitted uses
A4 · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Transpacific Corp
Entity
Mailing address
PO BOX 50465, BELLEVUE, WA 98015-0465
Ownership since
2001
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
Jun 12, 2003
—
Transpacific Corp
—
Deed Of Trust
related
$2,475,000 · Stancorp Mortgage Investors
Mar 23, 2001
$4,860,754
Transpacific Corp
Baldridge-smokey Point LLC
Grant Deed
$2,120,899 · Baldridge-kann Sp LLC
Jan 27, 2000
—
Washington State
Baldridge-smokey Point LLC
Grant Deed
related
—
Nov 24, 1999
—
Baldridge-smokey Point LLC
—
Deed Of Trust
related
$4,000,000 · Allegiant Bank
Jun 30, 1999
$2,600,000
Baldridge-terril Properties
Thrifty Payless INC
Grant Deed
$3,450,000 · Mercantile Bank
Jan 29, 1999
$2,500,000
Thrifty Payless INC
Bishop,william J & Meredith
Grant Deed
—
Apr 20, 1998
—
William J Bishop
—
Grant Deed
related
$762,512 · Frontier Bank
Mar 3, 1997
—
William J Bishop
—
Grant Deed
related
$610,246 · Frontier Bank
Aug 13, 1996
$110,000
William J Bishop
Wendel M Johnson & Assoc INC
Grant Deed
—
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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