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Property profile & analytics
OFF-MARKET
Estimated value
$9,290,000
Grocery and convenience stores
27008 92nd NW Ave Stanwood, WA 98292-5343
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1258796
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Construction
TYPE NOT SPECIFIED
Total area
50,411 SF
Lot
4.37 ac (190,357 SF)
Zoning code
UB
APN
32032400416300
UPID
US90-1258796
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
by Request
CAP Approach
CAP
$10.93M
Comparable Approach
Comparable
$7.12M
Blend (final)
Blend
$9.29M
Owner & transaction history
Stanwood Towne Center LLC · 5 yrs held
Stanwood Towne Center LLC
since 2021
1 recorded transaction
Zoning & alternative use
UB · Stanwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
2024 09 30 ZoningMap
Top alternative use upside
Commercial (general)
$15.3M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,840,000
6.5%
$10,930,000
7%
$10,150,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,675,000
Current use
COMMERCIAL (GENERAL)
$15,280,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$14,560,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$9.29M
Range $8.36M – $10.22M · ±10%
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
$184 / 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
$81,295
Tax year 2023
Assessed value
$10,089,000
Assessed 2023
Previous assessed
$8,550,000
+18.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$2,044,700
Assessed improvement
$8,044,300
Land market value
$2,044,700
Improvement market value
$8,044,300
Total market value
$10,089,000
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
2004
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
50,411 SF
Lot
4.37 ac (190,357 SF)
Zoning code
UB
APN
32032400416300
UPID
US90-1258796
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UB · Stanwood, WAZoning UB · permitted uses
UB · Stanwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2024 09 30 ZoningMap
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.7M
COMMERCIAL (GENERAL)
Est. value
$15.3M
WAREHOUSE, STORAGE
Est. value
$14.6M
RETAIL STORES 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
2004
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
4.37 ac
Current owner
From public records · entity-resolved
Stanwood Towne Center LLC
Entity
Mailing address
6100 219TH ST SW STE #535, MOUNTLAKE TERRACE, WA 98043-6204
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
—
Stanwood Towne Center LLC
—
Deed
related
$5,500,000 · State Farm Life Insurance Co
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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