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Property profile & analytics
OFF-MARKET
Estimated value
$14,670,000
Grocery and convenience stores
26603 72nd NW Ave, Stanwood, WA 98292-6273
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0706107
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
TYPE NOT SPECIFIED
Total area
61,956 SF
Lot
9.54 ac (415,562 SF)
Zoning code
GC
APN
32042900203300
UPID
US90-0706107
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
$10.96M
CAP Approach
CAP
$13.43M
Comparable Approach
Comparable
$9.71M
Blend (final)
Blend
$14.67M
Owner & transaction history
Nnn Opp Owner Vi LLC · 5 yrs held
Nnn Opp Owner Vi LLC
since 2021
Last sale
$15.5M
7 recorded transactions
Zoning & alternative use
GC · Stanwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$24.2M
+34.1%
Office building
$22.1M
+22.5%
Commercial (general)
$18.8M
+4.1%
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 Stanwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stanwood 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
$17,980,000
ML approach
$10,960,000
CAP Approach
CAP Return
Estimation
6%
$14,550,000
6.5%
$13,430,000
7%
$12,470,000
Alternative Use
Use
Estimation
RETAIL STORES
$18,040,000
Current use
MEDICAL BUILDING
$24,190,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$22,095,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$18,780,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$17,895,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$14.67M
Range $13.20M – $16.14M · ±10% · vs last sale $15.49M (Jan 14 2021)
Last sale anchor
$15.49M
Jan 14 2021
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
$237 / 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
$110,852
Tax year 2023
Assessed value
$13,757,500
Assessed 2023
Previous assessed
$10,850,000
+26.8% YoY
Effective rate
0.81%
On assessed value
Assessed land
$4,415,600
Assessed improvement
$9,341,900
Land market value
$4,415,600
Improvement market value
$9,341,900
Total market value
$13,757,500
Applied tax rate
758.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
61,956 SF
Lot
9.54 ac (415,562 SF)
Zoning code
GC
APN
32042900203300
UPID
US90-0706107
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Stanwood, WA
Zoning GC · permitted uses
GC · Stanwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stanwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$18.0M
MEDICAL BUILDING
Est. value
$24.2M
OFFICE BUILDING
Est. value
$22.1M
COMMERCIAL (GENERAL)
Est. value
$18.8M
WAREHOUSE, STORAGE
Est. value
$17.9M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
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
1995
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
9.54 ac
Current owner
From public records · entity-resolved
Nnn Opp Owner Vi LLC
Entity
Mailing address
5973 AVENIDA ENCINAS STE #301, CARLSBAD, CA 92008-4479
Ownership since
2021
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
Jan 14, 2021
$15,488,429
Nnn Opp Owner Vi LLC
Mgp X Properties LLC
Bargain And Sale Deed
$65,000,000 · Athene Annuity And Life Company
Dec 27, 2013
—
Mgp X Properties LLC
Mgp X Reit LLC
Quit Claim Deed
—
Oct 30, 2012
$9,715,636
Mgp X Reit LLC
Briar Dev Co LLP
Warranty Deed
—
Aug 2, 2002
—
Briar Development Co
—
Deed Of Trust
related
$5,000,000 · Bank Of America
Dec 10, 1998
—
Briar Development Co
—
Deed Of Trust
related
$7,200,000 · Seafirst Bank
—
—
Briar Dev Co LLP
—
Deed Of Trust
related
$7,393,141 · Bank Of America
—
—
Haggen INC
—
Deed Of Trust
related
—
—
—
Haggen INC
—
Deed Of Trust
related
—
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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