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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Outlet malls
20628 Broadway Ave Snohomish, WA 98296-5145
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1537163
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1987
Construction
WOOD
Total area
2,800 SF
Lot
1.35 ac (58,806 SF)
Zoning code
LI
APN
27052400304500
UPID
US90-1537163
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
$360k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$535k
Owner & transaction history
Bfsm Holdings LLC · 7 yrs held
Bfsm Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
LI · Snohomish, 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 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
by Request
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$605,000
7%
$565,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$850,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$810,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$191 / 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
$13,528
Tax year 2023
Assessed value
$1,623,100
Assessed 2023
Previous assessed
$1,393,000
+16.5% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,406,500
Assessed improvement
$216,600
Land market value
$1,406,500
Improvement market value
$216,600
Total market value
$1,623,100
Applied tax rate
3,992.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
2,800 SF
Lot
1.35 ac (58,806 SF)
Zoning code
LI
APN
27052400304500
UPID
US90-1537163
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Snohomish, WA
Zoning LI · permitted uses
LI · 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
COMMERCIAL (GENERAL)
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$810,000
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Bfsm Holdings LLC
Entity
Mailing address
23422 57TH AVE SE, WOODINVILLE, WA 98072-8630
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
—
Bfsm Holdings LLC
—
Deed
related
$1,150,000 · Washington State Employees Cu
Feb 1, 2019
—
Bfsm Holdings LLC
—
Deed
related
$999,999 · Us Bank NA
Nov 30, 2018
$1,265,000
Bfsm Holdings LLC
Quinton,michael E
Warranty Deed
$816,000 · Todd Covey
Aug 10, 2018
—
Michael E Quinton
Broadway Well House LLC
Quit Claim Deed
related
—
Nov 1, 2017
—
Broadway Well House LLC
—
Deed
related
$617,400 · Keybank USA
Sep 28, 2017
—
Broadway Well House LLC
Mmc Holding LLC
Grant Deed
—
May 31, 2013
$850,000
Mmc Holding LLC
Julnes,jon N
Warranty Deed
$2,401,000 · Key Bank NA
Sep 1, 1989
$130,000
Jon N Julnes
Unknown
Grant Deed
$114,400 · Seller
—
—
Jon N Julnes
—
Deed Of Trust
related
$124,900 · Frontier Bank
—
—
Jon N Julnes
—
Deed Of Trust
related
$550,000 · Towne Bank
—
—
Jon N Julnes
—
Deed Of Trust
related
$50,000 · Frontier Bank
—
—
Gene P Crosby
—
Deed Of Trust
related
$67,767 · Ag Ind Loan
—
—
Jon N Julnes
—
Deed Of Trust
related
$50,000 · Frontier Bank
—
—
Broadway Well House LLC
—
Deed Of Trust
related
$617,400 · Keybank USA
—
—
Jon N Julnes
—
Deed Of Trust
related
$277,000 · Frontier Bank
—
—
Jon N Julnes
—
Deed Of Trust
related
$344,000 · Charles Reidt
—
—
Jon Julnes
—
Deed Of Trust
related
$35,000 · Frontier Bank
—
—
Jon Julnes
—
Deed Of Trust
related
$25,000 · Frontier Bank
—
—
Jon N Julnes
—
Deed Of Trust
related
$160,000 · Frontier Bank
—
—
Jon Julnes
—
Deed Of Trust
related
$30,000 · Individual
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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