Technical
Financial
Distress signals
Property profile

20115 74th NE Ave Arlington, WA 98223

OFF-MARKET
Grocery and convenience stores
Property ID
US90-1208125
63,486 SF 8.38 ac lot Built 2004
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Arlington Valley Square is a mixed retail development property totaling 64,396 square feet, located at 20115 74th Ave NE in Arlington, Washington. The property is configured to support a range of tenant space sizes, including large-format spaces suitable for uses such as grocery and fitness, medium-sized spaces suited for uses such as daycare and auto parts, and smaller storefront spaces for specialty retail, restaurants, and breweries. The development includes a phased plan with a second phase that adds a standalone 6,000-square-foot retail building featuring a drive-through.

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

Current use

Occupant on record · Public records
  • Restaurant

Location

20115 74th NE Ave Arlington, WA 98223-4679
Arlington metro Census 53507 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.79M

Owner & transaction history

since 2023
Last sale
$6.5M
7 recorded transactions
2023
$6.5M
2022
Price N/A
2022
Price N/A
2018
$1.9M
2013
Price N/A
2012
$10.3M
2007
$13.6M

Zoning & alternative use

GC · Arlington, WA
Zoning description

Old Town Business District (OTBD), General Commercial (GC), Highway Commercial (HC), Business Park (BP), and Commercial Corridor (CC). These districts are created to accomplish the purposes and serve the objectives set f…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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