FOR LEASE
Other investment properties
Property ID
US90-0851292
Entity Owned Owner of record is a legal entity (LLC / corporation).
10-yr Hold Held for 10 years.
~
Est. High Equity Modeled equity is high. Estimate, not a fact.
Entity Owned 
For Lease
1 / 5
Contact for pricing
2630 77Th Ave SE, Mercer Island, WA 98040
View Listing
Property summary
AI-generated overview
The property is a retail space with approximately 770 square feet of interior area, configured for retail use and designed to be leased on a triple-net (NNN) basis. The space is part of a commercial center with co-tenants including Heritage Wealth Advisors and Mercy Vet Clinic.
Ownership intelligence
Who controls the opportunity?
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Can we reach the decision maker?
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
What is owed, to whom, and when it comes due
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
What does the county charge?
$451k
Tax billed · 2022
Assessed value$73.53M
Assessed land$4.35M
Assessed improvement$69.18M
Effective rate0.61%
Value estimate
· Sep 2026$44.32M
$39.88M – $48.75M
CAP approach$42.72M
NOI build-up
Gross scheduled income$20k
Vacancy & credit loss−$650
Operating expenses−$6k
NOI · 36,247.37% cap applied$14k
Realmo valuation models over county records.
Recently sold
What actually traded nearby?
$510/SF
County average, outlier-cleaned · 433 recorded sales of this use type
Observed band · Q1–Q3$200 – $973
Cap rate analysis
How does the asset earn?
36,247.37%
$14k estimated NOI · market benchmarks for this use type
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
What can be built here?
TC
To implement the land use policies of the Mercer Island comprehensive plan for the area referred to as the Town Center.
General categoryUNKNOWN
JurisdictionKING
Location intelligence
Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store11.3
Laundry Service10.4
Grocery Store10.1
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
✓ County assessor
✓ Recorded deeds · 4 transfers
– Comp sales · not on file
✓ Zoning catalog
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$44.32M
Value range
$39.88M – $48.75M
±10% around blend
Estimated value / SF
$267 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$39.88M
blend $44.32M
$48.75M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
166,212 SF
Lot area
0.45 ac
Year built
2008
Stories
4
APN
531510-1626
Zoning
TC
Assessed value · 2022
$73,530,400
Annual tax · 2022
$450,688
3
Income approach: direct capitalization
Partial preview
Income approach indication
$42.72M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$46.28M
@ 6.5% CAP return
$42.72M
@ 7% CAP return
$39.67M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax · 2022
$450,688
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$44.32M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)
Average
Subject delta
County 433 sales
$510
-48%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $267/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$197k
Move the market yield to see immediate price impact.
Value / SF
$1
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$12k
$248k
$177k
$138k
$14k
$275k
$197k
$153k
$15k
$303k
$216k
$168k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Building & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
CENTRAL
Stories
4
Units
171
Total area
166,212 SF
Lot
0.45 ac (19,776 SF)
Zoning code
TC
APN
531510-1626
UPID
US90-0851292
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Property tax & assessments
Tax year 2022
Tax billed
$450,688
Assessed value
$73,530,400
Assessed 2022
Previous assessed
$73,530,400
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$4,350,700
Assessed improvement
$69,179,700
Land market value
$4,350,700
Improvement market value
$69,179,700
Total market value
$73,530,400
Applied tax rate
1,031.0000
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
Jurisdiction
Mercer Island, WA
Recorded code
TC
Category
UNKNOWN
Official district
TC
Codes and permitted uses for this address
Registration is required before the official district profile is shown.
Official district profile
What the municipal code says about TC
Zoning description
To implement the land use policies of the Mercer Island comprehensive plan for the area referred to as the Town Center.
General category
UNKNOWN
Owner Contacts
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Mortgages · part of Ownership Intelligence
See what the owner owes, and when it comes due.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
What opens after registration
Ownership report
Recorded loansLender, amount and origination for every instrument
Estimated maturityWhen the debt comes due and the refi window opens
Rates & liensRecorded or estimated rate, junior liens flagged
CollateralWhich holding secures each loan - this property marked
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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- Local Zoning Insight
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