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    27008 92Nd Ave NW Stanwood, WA 98292
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    Property profile & analytics

    27008 92Nd Ave NW Stanwood, WA 98292

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    • Grocery and convenience stores
    • 50,411 SF
    • 4.37 lot acres
    For Lease
    $9,290,000
    View Listing →
    Retail Space in Stanwood, WA For Lease
    $9,290,000
    1,245 SF

    Retail Space in Stanwood, WA

    Retail space available for lease in Stanwood, Washington.

    27008 92nd Ave NW, Stanwood, WA
    View Listing
    Property ID
    US90-1258796
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 27008 92Nd Ave NW

    Year built
    2004
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.37 lot acres
    Property size
    50,411 SF
    Zone code
    UB
    Property type
    Grocery and convenience stores
    APN
    32032400416300
    APU
    32032400416300

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,840,000
      6.5%
      $10,930,000
      7%
      $10,150,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,123,000
      Market price range: $2.28M - $9.03M

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Stanwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.359
    Latitude
    48.241
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $81,295
    $2,044,700
    $8,044,300
    $10,089,000
    -
    $2,044,700
    $8,044,300
    $10,089,000

    Comparable in this City

    • Value Estimation
      $14,670,000
      61,956 SF

      26603 72nd NW Ave

      GROCERY, SUPERMARKET • 61,956 SF
      26603 72nd NW Ave, Stanwood, WA 98292-6273
      View Details
    • Value Estimation by Request
      2,312 SF

      10206 Wa-532

      Individual retail properties • 2,312 SF
      10206 Wa-532, Stanwood, WA 98292
      View Details
    • Value Estimation
      $3,290,000
      15,158 SF

      7205 267th NW St

      DRUG STORE, PHARMACY • 15,158 SF
      7205 267th NW St, Stanwood, WA 98292-6237
      View Details
    • Value Estimation by Request
      4,045 SF

      26317 72nd NW Ave

      FINANCIAL BUILDING • 4,045 SF
      26317 72nd NW Ave, Stanwood, WA 98292-6302
      View Details
    • Value Estimation
      $1,220,000
      6,900 SF

      9300 271st NW St

      RETAIL STORES (PERSONAL SERVICES) • 6,900 SF
      9300 271st NW St, Stanwood, WA 98292-1910
      View Details
    • Value Estimation by Request
      360 SF

      8728 271st NW St

      FINANCIAL BUILDING • 360 SF
      8728 271st NW St, Stanwood, WA 98292
      View Details

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      Well-located property in historic downtown Stanwood with endless possibilities.
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      Retail property available for purchase in Stanwood, Washington.
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      Turn-Key Restaurant with Updated Apartment

      Mixed-use property featuring a restaurant and updated living space.
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    Similar Nearby for Lease

    • $25 SF/Yr
      2,256 SF

      Retail/Office Suites For Lease

      Retail and office suites in walkable Stanwood community.
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    • Contact for pricing
      15,158 SF

      Stanwood Retail Space For Lease

      15,158 SF retail building near I-5 and SR 532.
      7205 267Th St NW, Stanwood, WA 98292
      View Details
    • $25 SF/Yr
      1,084 SF

      Retail/Office Suites For Lease

      Retail and office suites available in walkable Stanwood community.
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      View Details
    • Contact for pricing
      6,712 SF

      New Retail/Office Space Available

      New construction retail/office space in Stanwood/Camano Village.
      265Th St NW, Stanwood, WA 98292
      View Details
    • Contact for pricing
      777 SF

      Retail Space in Stanwood, WA

      Retail space available for lease in Stanwood, Washington.
      27008 92Nd Ave NW, Stanwood, WA 98292
      View Details
    • $2,750 /Mo
      2,200 SF

      Downtown Stanwood Multi-Use Commercial Space

      Versatile commercial space suitable for industrial, retail, office, or brewery.
      8600 Cedarhome Dr, Stanwood, WA 98292
      View Details
    View Listing
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    Stanwood, WA 98292
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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