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Property profile & analytics
FOR LEASE
Grocery and convenience stores
20115 74Th Ave NE Arlington, WA 98223
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1208125
For Lease
1 / 2
$6,710,000
20115 74Th Ave NE, Arlington, WA 98223
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Construction
TYPE NOT SPECIFIED
Total area
63,486 SF
Lot
8.38 ac (365,033 SF)
Zoning code
GC
APN
920500000100
UPID
US90-1208125
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
$7.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.71M
Owner & transaction history
20115 74th Avenue Ne LLC · 2 yrs held
20115 74th Avenue Ne LLC
since 2023
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
GC · Arlington, 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 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
$6,790,000
ML approach
$7,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.71M
Range $6.04M – $7.38M · ±10% · vs last sale $6.49M (Oct 6 2023)
Last sale anchor
$6.49M
Oct 6 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
$106 / 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
$74,657
Tax year 2023
Assessed value
$9,676,200
Assessed 2023
Previous assessed
$8,678,300
+11.5% YoY
Effective rate
0.77%
On assessed value
Assessed land
$3,385,600
Assessed improvement
$6,290,600
Land market value
$3,385,600
Improvement market value
$6,290,600
Total market value
$9,676,200
Applied tax rate
110.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2004
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
63,486 SF
Lot
8.38 ac (365,033 SF)
Zoning code
GC
APN
920500000100
UPID
US90-1208125
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Arlington, WA
Zoning GC · permitted uses
GC · 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.
Building & site characteristics
From public records
Year built
2004
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
8.38 ac
Current owner
From public records · entity-resolved
20115 74th Avenue Ne LLC
Entity
Mailing address
719 METCALF ST, SEDRO WOOLLEY, WA 98284-1420
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$6,486,429
20115 74th Avenue Ne LLC
Mgp X Arlington LLC
Bargain And Sale Deed
$4,200,000 · Savibank
Dec 22, 2022
—
Mgp X Arlington LLC
Mgp X Properties LLC
Intrafamily Transfer
related
—
Jun 17, 2022
—
City Of Arlington
Dapres LLC
Warranty Deed
—
Nov 26, 2018
$1,900,000
Dapres LLC
Prairie Creek LLC
Warranty Deed
—
Dec 27, 2013
—
Mgp X Properties LLC
Mgp X Reit LLC
Quit Claim Deed
—
Oct 26, 2012
$10,261,090
Mgp X Reit LLC
Briar Dev Co LLP
Warranty Deed
—
Aug 21, 2007
$13,639,901
Briar Dev Co
204th Street LLC
Warranty Deed
—
Apr 17, 2003
$4,913,730
204th Street LLC
Briar Development Co
Grant Deed
$11,500,000 · General Electric Capital Busin
—
—
Haggen INC
—
Deed Of Trust
related
—
—
—
Briar Dev Co LLP
—
Deed Of Trust
related
$14,000,000 · Banner Bank
—
—
Haggen INC
—
Deed Of Trust
related
—
—
—
204th Street LLC
—
Deed Of Trust
related
$2,100,000 · Seven Sevens INC
—
—
Haggen INC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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