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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
27116 90th NW Ave Stanwood, WA 98292-2103
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1307811
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1979
Construction
WOOD
Total area
1,536 SF
Lot
1 ac (43,560 SF)
Zoning code
MB1
APN
32041900302100
UPID
US90-1307811
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
$655k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$550k
Owner & transaction history
Mark Norton · 4 yrs held
Mark Norton
since 2021
Last sale
$494,000
5 recorded transactions
Zoning & alternative use
MB1 · Stanwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$665,000
+21.7%
Medical building
$600,000
+9.5%
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
$685,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$415,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$550,000
Current use
AUTO REPAIR, GARAGE
$665,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$465,000
Change: -15% · Conversion: Easy
RETAIL STORES
$445,000
Change: -18% · Conversion: Moderate
WAREHOUSE, STORAGE
$445,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $494k (May 17 2021)
Last sale anchor
$494k
May 17 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
$358 / 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
$3,177
Tax year 2023
Assessed value
$369,000
Assessed 2023
Previous assessed
$369,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$327,800
Assessed improvement
$41,200
Land market value
$327,800
Improvement market value
$41,200
Total market value
$369,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
1,536 SF
Lot
1 ac (43,560 SF)
Zoning code
MB1
APN
32041900302100
UPID
US90-1307811
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MB1 · Stanwood, WA
Zoning MB1 · permitted uses
MB1 · 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
OFFICE BUILDING Current
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$665,000
MEDICAL BUILDING
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$465,000
RETAIL STORES
Est. value
$445,000
WAREHOUSE, STORAGE
Est. value
$445,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1979
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Mark Norton
Individual
Free & Clear · 4 yrs held
Mailing address
5507 LAKEWOOD RD, STANWOOD, WA 98292-8922
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
—
Mark Norton
Dianne I Layton
Transfer On Death Deed
—
May 17, 2021
$494,000
Dianne L Layton
Gabriel Ciuca
Warranty Deed
—
Nov 22, 2016
$350,000
Gabriel Ciuca
Chapman Trust
Warranty Deed
$315,000 · Chapman Trust (pt)
Nov 22, 2016
—
Gabriel Ciuca
Ciuca,gabriel & Simone I
Quit Claim Deed
related
—
Jun 15, 2004
$226,000
Chapman,tr
Wells Fargo Bank
Grant Deed
—
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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