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Property profile & analytics
OFF-MARKET
Estimated value
$4,605,000
Retail space
17432 State Rte 9th SE Snohomish, WA 98296-8451
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1055468
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
12,898 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CRC
APN
27051100409600
UPID
US90-1055468
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
$5.38M
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$4.61M
Owner & transaction history
Clearview Plaza South LLC · 4 yrs held
Clearview Plaza South LLC
since 2021
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
CRC · Snohomish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+46.3%
Auto repair, garage
$5.6M
+22.4%
Apartment house (5+ units)
$5.3M
+16.7%
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
$5,280,000
ML approach
$5,380,000
CAP Approach
CAP Return
Estimation
6%
$3,030,000
6.5%
$2,795,000
7%
$2,595,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,570,000
Current use
RESTAURANT
$6,685,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,595,000
Change: +22% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,335,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$5,035,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$4,600,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,910,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$3,725,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$4.61M
Range $4.14M – $5.07M · ±10% · vs last sale $4.55M (Nov 18 2021)
Last sale anchor
$4.55M
Nov 18 2021
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
$357 / 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
$37,901
Tax year 2023
Assessed value
$4,085,600
Assessed 2023
Previous assessed
$3,330,000
+22.7% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,187,100
Assessed improvement
$2,898,500
Land market value
$1,187,100
Improvement market value
$2,898,500
Total market value
$4,085,600
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
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
12,898 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CRC
APN
27051100409600
UPID
US90-1055468
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
$4.6M
RESTAURANT
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.7M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
1.32 ac
Current owner
From public records · entity-resolved
Clearview Plaza South LLC
Entity
Mailing address
PO BOX 99790, SEATTLE, WA 98139-0790
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
—
Clearview Plaza South LLC
—
Deed
related
$2,730,000 · Washington Trust Bank
Nov 18, 2021
—
Clearview Plaza South LLC
Richard S Adatto
Quit Claim Deed
related
—
Aug 25, 2021
$4,550,000
Richard S Adatto
2c Speedway LLC
Warranty Deed
—
Oct 20, 2017
—
2d Speedway LLC
—
Deed
related
$1,846,607 · Coastal Community Bank
Aug 1, 2016
$608,000
2c Speedway LLC
Clearview 9889 LLC
Quit Claim Deed
related
—
Nov 9, 2012
$1,984,280
2c Speedway LLC
Clearview Commercial Center LLC
Warranty Deed
$2,100,000 · Us Bank NA
Sep 11, 2009
—
Clearview Commercial Ctr LLC
—
Trustees Deed
related
$2,800,000 · Intervest Mortgage Co LLC
Nov 15, 2002
—
Clearview Commercial Center
Halvorson Boshaw Properties
Grant Deed
$400,000 · Catherine Boshaw
—
—
Clearview Commercial Ctr LLC
—
Deed Of Trust
related
$5,478,026 · Intervest Mortgage Co LLC
—
—
Clearview Commercial Ctr LLC
—
Deed Of Trust
related
$300,000 · Hieu D Bui
—
—
Clearview Commercial Center Ll
—
Deed Of Trust
related
$2,715,120 · Sterling Savings Bank
—
—
Clearview Commercial Ctr LLC
—
Deed Of Trust
related
$3,125,000 · Intervest Mortgage Co LLC
—
—
Clearview Commercial Center Ll
—
Deed Of Trust
related
$2,774,377 · Intervest Mortgage Co LLC
—
—
Clearview Commercial Center Ll
—
Deed Of Trust
related
$2,800,000 · Intervest Mortgage Co LLC
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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