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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Office buildings
221 State Ave Ste 101 Marysville, WA 98270-5147
Entity Owned
~
Est. High Equity
Property ID
US90-3274142
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1913
Construction
WOOD
Total area
7,508 SF
Lot
0.11 ac (4,792 SF)
Zoning code
ML
APN
528700300101
UPID
US90-3274142
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
$1.68M
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.61M
Owner & transaction history
Marysville Town Center Venture LLC
Marysville Town Center Venture LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
ML · Marysville, 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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
$1,685,000
ML approach
$1,680,000
CAP Approach
CAP Return
Estimation
6%
$2,375,000
6.5%
$2,195,000
7%
$2,040,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,660,000
Current use
COMMERCIAL (GENERAL)
$2,275,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$2,170,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.61M
Range $1.45M – $1.77M · ±10% · vs last sale $1.40M (May 30 2024)
Last sale anchor
$1.40M
May 30 2024
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
$214 / 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
$9,043
Tax year 2023
Assessed value
$1,515,700
Assessed 2023
Previous assessed
$1,118,200
+35.5% YoY
Effective rate
0.60%
On assessed value
Assessed land
$156,900
Assessed improvement
$1,358,800
Land market value
$156,900
Improvement market value
$1,358,800
Total market value
$1,515,700
Applied tax rate
511.0000
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
1913
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
7,508 SF
Lot
0.11 ac (4,792 SF)
Zoning code
ML
APN
528700300101
UPID
US90-3274142
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
ML · Marysville, WA
Zoning ML · permitted uses
ML · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.2M
OFFICE BUILDING Current
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
1913
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Marysville Town Center Venture LLC
Entity
Mailing address
1875 CENTURY PARK E STE #900, LOS ANGELES, CA 90067-2532
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2025
—
Marysville Town Center Venture LLC
Rhino Holdings Marysville I LLC
Special Warranty Deed
$21,391,720 · Rpt Lender LLC
Aug 30, 2024
$1,400,000
Rhino Holdings Marysville I LLC
Mrof I Spe III Marysville Outparcel
Warranty Deed
$24,391,000 · The Ethell Family Trust
Nov 18, 2022
$1,325,000
Mrof I Spe III Marysville Outparcel
Kwakson LLC
Bargain And Sale Deed
—
Jun 23, 2005
—
Kwakson LLC
Kwak,jong
Quit Claim Deed
—
Apr 22, 2004
$412,000
Jong Kwak
Everett Mutual Savings Bank
Grant Deed
—
Mar 10, 2004
—
Evertrust Bank
Goldsmith,lisa L
Quit Claim Deed
related
—
Nov 4, 2002
—
Marysville City (wa)
Goldsmith,lisa L
Grant Deed
related
—
Apr 2, 1999
$28,000
Walter E Goldsmith
Ross,robert
Quit Claim Deed
related
—
Jul 11, 1996
$410,000
Walter E Goldsmith
Schreiner,gary D & Sandra J
Grant Deed
$374,000 · Olympic Coast Investment INC
Jul 9, 1996
—
Gary D Schreiner
Garsan Investments
Quit Claim Deed
related
—
Jan 1, 1989
$196,000
—
—
Grant Deed
related
$196,000 · First Heritage B
—
—
Walter E Goldsmith
—
Deed Of Trust
related
$400,000 · Everett Mutual Savings Bank
—
—
Garsan Investments
—
Deed Of Trust
related
$23,408 · First Heritage 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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