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Property profile & analytics
OFF-MARKET
Estimated value
$3,490,000
Office buildings
21122 87th SE Ave Snohomish, WA 98296-7902
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1557322
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1908
Construction
WOOD
Total area
672 SF
Lot
0.54 ac (23,522 SF)
Zoning code
SK
APN
619304101700
UPID
US90-1557322
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
-
Maltby Antiques (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.49M
Owner & transaction history
Wv Holdings II LLC · 1 yrs held
Wv Holdings II LLC
since 2025
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
SK · 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
$3,065,000
ML approach
$3,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.49M
Range $3.14M – $3.84M · ±10% · vs last sale $3.80M (Feb 13 2025)
Last sale anchor
$3.80M
Feb 13 2025
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
$5,193 / 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
$4,773
Tax year 2023
Assessed value
$610,800
Assessed 2023
Previous assessed
$595,800
+2.5% YoY
Effective rate
0.78%
On assessed value
Assessed land
$484,000
Assessed improvement
$126,800
Land market value
$484,000
Improvement market value
$126,800
Total market value
$610,800
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1908
Construction
WOOD
Heating
BASEBOARD
Cooling
NONE
Buildings
3
Stories
1
Rooms
2
Bathrooms
1
Total area
672 SF
Lot
0.54 ac (23,522 SF)
Zoning code
SK
APN
619304101700
UPID
US90-1557322
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SK · Snohomish, WA
Zoning SK · permitted uses
SK · 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.
Building & site characteristics
From public records
Year built
1908
Construction
WOOD
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
3
Rooms
2
Bathrooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Wv Holdings II LLC
Entity
Mailing address
8731 MALTBY RD #1, SNOHOMISH, WA 98296-7926
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
$3,800,000
Wv Holdings II LLC
Ronald J Nardone
Warranty Deed
$1,500,000 · Ronald J Nardone Trust
—
—
Ronald J Nardone
—
Deed Of Trust
related
$275,000 · Key Bank NA
—
—
Nardone Ronald J Trust
—
Deed Of Trust
related
$400,000 · Key Bank NA
—
—
Nardone Ronald J Trust
—
Deed Of Trust
related
$120,000 · Key Bank NA
—
—
Ronald J Nardone
—
Deed Of Trust
related
$150,000 · City Bank
—
—
Ronald J Nardone
—
Deed Of Trust
related
$50,000 · City 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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