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Property profile & analytics
OFF-MARKET
Estimated value
$6,390,000
Commercial real estate
1767 Alliance Ave Freeland, WA 98249-9494
Entity Owned
15-yr Hold
Property ID
US90-2258593
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Construction
WOOD
Total area
59,468 SF
Lot
1.86 ac (81,022 SF)
Zoning code
51
APN
R22911-129-2230
UPID
US90-2258593
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
-
Maple Ridge by Bonaventure Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.90M
Blend (final)
Blend
$6.39M
Owner & transaction history
Mwsh Freeland LLC · 15 yrs held
Mwsh Freeland LLC
since 2010
7 recorded transactions
Zoning & alternative use
51 · Freeland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Freeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeland 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.39M
Range $5.75M – $7.03M · ±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
$107 / 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
Property tax & assessments
Assessed value
$8,995,562
Assessed 2023
Previous assessed
$7,001,926
+28.5% YoY
Assessed land
$486,130
Assessed improvement
$8,509,432
Land market value
$486,130
Improvement market value
$8,509,432
Total market value
$8,995,562
Applied tax rate
822.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
ZONE
Cooling
YES
Stories
4
Total area
59,468 SF
Lot
1.86 ac (81,022 SF)
Zoning code
51
APN
R22911-129-2230
UPID
US90-2258593
Jurisdiction
ISLAND
Zoning & alternative use
51 · Freeland, WAZoning 51 · permitted uses
51 · Freeland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
ZONE
Cooling
Yes
Stories
4
Lot
1.86 ac
Current owner
From public records · entity-resolved
Mwsh Freeland LLC
Entity
Mailing address
3425 BOONE RD SE, SALEM, OR 97317-9336
Ownership since
2010
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
Sep 21, 2010
—
Mwsh Freeland LLC
Sunset Real Estate Invs LLC
Grant Deed
—
Jun 3, 2010
$289,883
Mwsh Freeland LLC
Sunset Real Estate Invs LLC
Grant Deed
—
May 25, 2007
$536,600
Sunset Real Estate Invs LLC
Mwsh Freeland LLC
Grant Deed
—
May 25, 2007
$277,400
Sunset Real Estate Invs LLC
Mwsh Freeland LLC
Grant Deed
—
Aug 17, 2006
$923,800
Mwsh Freeland LLC
Compass Investments INC
Warranty Deed
$155,000 · Compass Investments INC
Jun 30, 2006
$923,800
Mwsh Freeland LLC
Compass Investments INC
Grant Deed
—
May 6, 2005
—
Main Street Ptshp
South Whidbey Retirement LLC
Quit Claim Deed
related
—
Apr 21, 2005
—
Jacob Cohen Partner
Erlo LLC
Quit Claim Deed
related
—
—
—
Mwsh Freeland LLC
—
Deed Of Trust
related
$9,011,500 · Guaranty Bank
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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