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Property profile & analytics
OFF-MARKET
Estimated value
$6,675,000
Retail space
17520 Avondale NE Rd, Woodinville, WA 98077-9100
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0404509
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,683 SF
Lot
2.15 ac (93,767 SF)
Zoning code
NBP
APN
072606-9001
UPID
US90-0404509
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy
-
Walgreens Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.85M
CAP Approach
CAP
$4.04M
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$6.68M
Owner & transaction history
The Three Little Bears LLC · 2 yrs held
The Three Little Bears LLC
since 2024
Last sale
$6.4M
5 recorded transactions
Zoning & alternative use
NBP · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.8M
+35.2%
Commercial (general)
$7.5M
+30.0%
Auto repair, garage
$6.7M
+17.0%
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 Woodinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodinville 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
$6,980,000
ML approach
$6,850,000
CAP Approach
CAP Return
Estimation
6%
$4,380,000
6.5%
$4,040,000
7%
$3,750,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,760,000
Current use
RESTAURANT
$7,790,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,485,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,740,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$5,800,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,600,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$5,535,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,090,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$6.68M
Range $6.01M – $7.34M · ±10% · vs last sale $6.43M (Jun 1 2023)
Last sale anchor
$6.43M
Jun 1 2023
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
$455 / 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
$43,446
Tax year 2022
Assessed value
$4,397,000
Assessed 2022
Previous assessed
$4,397,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,687,800
Assessed improvement
$2,709,200
Land market value
$1,687,800
Improvement market value
$2,709,200
Total market value
$4,397,000
Applied tax rate
7,570.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
14,683 SF
Lot
2.15 ac (93,767 SF)
Zoning code
NBP
APN
072606-9001
UPID
US90-0404509
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NBP · Woodinville, WA
Zoning NBP · permitted uses
NBP · Woodinville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodinville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.8M
RESTAURANT
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
The Three Little Bears LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
—
The Three Little Bears LLC
Cp Thunder Fs LLC
Re-recorded Document
related
$300,000 · Peoples Bank
Jun 1, 2023
$6,432,000
The Three Little Bears LLC
Cp Thunder Fs LLC
Special Warranty Deed
$300,000 · Brekley Financial Center
Sep 21, 2022
—
Walgreen Co
Cp Thunder Fs LLC
Lease
—
Sep 21, 2022
$5,943,275
Cp Thunder Fs LLC
Walgreen Co
Special Warranty Deed
$241,500,000 · Wells Fargo Bank NA
Oct 27, 2010
$1,925,000
Walgreen Co
Western Wa Corp Of Seventh Day Ad
Warranty 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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