The property is a retail drug store site located at 26817 88th Avenue in Stanwood, Washington. It has historically been occupied as a Rite Aid drug store under a long-term lease arrangement that began February 3, 1998, with lease extensions previously exercised by the tenant. The leased premises are subject to additional contractual renewal options, and rental-rate adjustments were defined for each option period under the lease, with credit support provided via a corporate guarantee from Rite Aid Corporation.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$18k

Tax billed · 2023

Assessed value$2.25M

Assessed land$511k

Assessed improvement$1.74M

Effective rate0.81%

Value estimate

· Oct 2026

$2.41M

$2.16M – $2.65M

Submarket $/SF estimate$1.59M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$291/SF

County average, outlier-cleaned · 234 recorded sales of this use type

Observed band · Q1–Q3$150 – $489

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?

Best fit: Auto Parts Store

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Auto Parts Store11.9

Furniture Store10.5

Wholesale Shop10.1

26817 88th NW Ave Stanwood, WA 98292-9811

County assessor Recorded deeds · 4 transfers Qualifying 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 recorded sales · 6 properties nearby

Address Sale price Sold Size

8809 271st NW, Stanwood, WA 98292-5996 $995,000 Jan 2025 11,040 SF

8821 Viking, Stanwood, WA 98292-8080 $2,750,000 Jul 2024 8,150 SF

8701 271st NW, Stanwood, WA 98292-5995 $915,000 Dec 2021 4,400 SF

8708 271st NW, Stanwood, WA 98292 $350,000 May 2021 3,400 SF

7009 265th NW, Stanwood, WA 98292-6249 $2,400,000 Mar 2021 15,730 SF

26603 72nd NW, Stanwood, WA 98292-6273 $15,488,429 Jan 2021 61,956 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$2,775,000

15,730 SF

7009 265th NW St

RETAIL STORES (PERSONAL SERVICES)

7009 265th NW St, Stanwood, WA 98292-6249

View Details
Value Estimation
$3,290,000

15,158 SF

7205 267th NW St

DRUG STORE, PHARMACY

7205 267th NW St, Stanwood, WA 98292-6237

View Details
Value Estimation
$2,640,000

13,920 SF

7005 265th NW St

RETAIL STORES (PERSONAL SERVICES)

7005 265th NW St, Stanwood, WA 98292-6247

View Details
Value Estimation
$890,000

11,040 SF

8809 271st NW St

RETAIL STORES (PERSONAL SERVICES)

8809 271st NW St, Stanwood, WA 98292-5996

View Details
Value Estimation
$300,000

7,231 SF

27010 Florence Rd

GARDEN CENTER, HOME IMPROVEMENT

27010 Florence Rd, Stanwood, WA 98292-7453

View Details
Value Estimation
$1,220,000

6,900 SF

9300 271st NW St

RETAIL STORES (PERSONAL SERVICES)

9300 271st NW St, Stanwood, WA 98292-1910

View Details

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26817 88th NW Ave Stanwood, WA 98292

Property summary