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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail properties & Spaces
216 2nd St Arlington, WA 98223-1302
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0045326
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1922
Construction
TYPE NOT SPECIFIED
Total area
12,307 SF
Lot
0.16 ac (6,970 SF)
Zoning code
15
APN
378800600101
UPID
US90-0045326
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Dr West Investments LLC · 6 yrs held
Dr West Investments LLC
since 2020
Last sale
$325,000
7 recorded transactions
Zoning & alternative use
15 · 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
$420,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $325k (Jun 17 2020)
Last sale anchor
$325k
Jun 17 2020
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
$41 / 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
$7,767
Tax year 2023
Assessed value
$995,500
Assessed 2023
Previous assessed
$858,100
+16.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$198,800
Assessed improvement
$796,700
Land market value
$198,800
Improvement market value
$796,700
Total market value
$995,500
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1922
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
12,307 SF
Lot
0.16 ac (6,970 SF)
Zoning code
15
APN
378800600101
UPID
US90-0045326
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
15 · Arlington, WA
Zoning 15 · permitted uses
15 · 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
1922
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Dr West Investments LLC
Entity
Mailing address
8733 131ST AVE NE, LAKE STEVENS, WA 98258-8818
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2020
—
Dr West Investments LLC
David E Rohde
Quit Claim Deed
related
$658,845 · Columbia State Bank
May 13, 2011
—
David E Rohde
—
Trustees Deed
related
$550,000 · Columbia State Bank
Apr 8, 2011
—
David Rohde
Monty,ralph G & Mary A
Quit Claim Deed
related
$74,000 · Ralph G & Mary A Monty
Jun 28, 2004
$325,000
David Rohde
Riaz,monjazeb & Monjazeb L
Grant Deed
$235,000 · Washington Mutual Fsb
May 14, 2003
$210,000
Riaz Monjazeb
Sutton,william C & Betty C
Grant Deed
$140,000 · William C & Betty C Sutton
Mar 28, 1996
$148,400
William C Sutton
Pater,allen
Grant Deed
—
Apr 1, 1990
$100,000
—
—
Grant Deed
related
$80,000 · Seller
—
—
Ralph Monty
—
Deed Of Trust
related
$235,000 · Washington Mutual Fsb
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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