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Property profile & analytics
FOR SALE
Retail space
17310 State Route 9 SE Snohomish, WA 98296
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0824172
For Sale
1 / 40
$2,400,000
17310 State Route 9 SE, Snohomish, WA 98296
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
WOOD
Total area
2,487 SF
Lot
0.63 ac (27,443 SF)
Zoning code
CRC
APN
27051100400700
UPID
US90-0824172
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
$335k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$425k
Blend (final)
Blend
$545k
Owner & transaction history
State Of Washington · 2 yrs held
State Of Washington
since 2024
7 recorded transactions
Zoning & alternative use
CRC · Snohomish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$885,000
+0.7%
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
$335,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
RETAIL STORES
$880,000
Current use
OFFICE BUILDING
$885,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$755,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$720,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$219 / 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
$10,194
Tax year 2023
Assessed value
$1,091,400
Assessed 2023
Previous assessed
$808,100
+35.1% YoY
Effective rate
0.93%
On assessed value
Assessed land
$633,700
Assessed improvement
$457,700
Land market value
$633,700
Improvement market value
$457,700
Total market value
$1,091,400
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
For Sale
Year built
2017
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
3
Rooms
5
Bathrooms
3
Total area
2,487 SF
Lot
0.63 ac (27,443 SF)
Zoning code
CRC
APN
27051100400700
UPID
US90-0824172
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
RETAIL STORES Current
Est. value
$880,000
OFFICE BUILDING
Est. value
$885,000
COMMERCIAL (GENERAL)
Est. value
$755,000
WAREHOUSE, STORAGE
Est. value
$720,000
RETAIL STORES Current
OFFICE 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
2017
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Rooms
5
Bathrooms
3
Lot
0.63 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
PO BOX 47338, OLYMPIA, WA 98504-7338
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2025
—
Asset Real Estate Holdings LLC
—
Deed
related
$350,000 · Commencement Bank
Feb 12, 2024
—
State Of Washington
Asset Real Estate Holding LLC
Warranty Deed
—
Apr 27, 2022
—
Asset Real Estate Holding LLC
—
Deed
related
$853,000 · Evergreen Business Capital
Mar 16, 2022
$2,050,000
Asset Real Estate Holding LLC
Ken Girman
Warranty Deed
$1,862,236 · Commencement Bank
May 23, 2018
—
Ken Garman
—
Deed
related
$500,000 · Peoples Bk&tr Co/pointe Coup
Sep 6, 2013
$340,000
Ken Garman
J & J Fraser Properties LLC
Warranty Deed
$272,000 · J&j Fraser Properties LLC
Mar 2, 2007
$475,000
J & J Fraser Properties LLC
Gestson Construction INC
Warranty Deed
—
May 25, 2004
$34,000
Robin Borgen
Borgen,robin E
Quit Claim Deed
related
—
Sep 10, 1998
$197,500
Gestson Construction INC
Rogers,daniel V & Gloria J
Grant Deed
$182,230 · City Bank
—
—
Geston Construction INC
—
Deed Of Trust
related
$737,500 · City Bank
—
—
Gestson Construction INC
—
Deed Of Trust
related
$25,728 · City Bank
—
—
J & J Fraser Properties LLC
—
Deed Of Trust
related
$360,750 · Cnl Mortgage
—
—
Gestson Construction INC
—
Deed Of Trust
related
$71,266 · City Bank
—
—
Gestson Construction INC
—
Deed Of Trust
related
$289,218 · City Bank
—
—
Ken Garman
—
Deed Of Trust
related
$500,000 · Peoples Bk&tr Co/pointe Coup
—
—
Daniel V Rogers
—
Deed Of Trust
related
$90,000 · Keystone Mortgage
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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