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Property profile & analytics
OFF-MARKET
Estimated value
$10,710,000
Grocery and convenience stores
2755 77th SE Ave Mercer Island, WA 98040-2811
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1427263
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,076 SF
Lot
2.74 ac (119,354 SF)
Zoning code
TC
APN
531510-1395
UPID
US90-1427263
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
Current use
Occupant on record · Public records
-
EVgo Charging Station Electric Vehicle Charging Station
-
Sundeep Gopal Pharmacy
-
Rehab Salama Pharmacy
-
Smart Heating Solution HVAC Service General Contractor
-
Metropolitan Market Mercer Island Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.21M
Comparable Approach
Comparable
$6.54M
Blend (final)
Blend
$10.71M
Owner & transaction history
Graham Re1 LLC · 8 yrs held
Graham Re1 LLC
since 2017
7 recorded transactions
Zoning & alternative use
TC · Mercer Island, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.0M
+17.0%
Medical building
$14.6M
+0.7%
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 Mercer Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mercer Island 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%
$11,055,000
6.5%
$10,205,000
7%
$9,475,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,545,000
Current use
AUTO REPAIR, GARAGE
$17,020,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$14,645,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,140,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$13,980,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,855,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$10.71M
Range $9.64M – $11.78M · ±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
$289 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$146,330
Tax year 2022
Assessed value
$23,871,800
Assessed 2022
Previous assessed
$23,871,800
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$23,870,800
Assessed improvement
$1,000
Land market value
$23,870,800
Improvement market value
$1,000
Total market value
$23,871,800
Applied tax rate
1,031.0000
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
37,076 SF
Lot
2.74 ac (119,354 SF)
Zoning code
TC
APN
531510-1395
UPID
US90-1427263
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TC · Mercer Island, WA
Zoning TC · permitted uses
TC · Mercer Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mercer Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.5M
AUTO REPAIR, GARAGE
Est. value
$17.0M
MEDICAL BUILDING
Est. value
$14.6M
INDUSTRIAL (GENERAL)
Est. value
$14.1M
OFFICE BUILDING
Est. value
$14.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
Graham Re1 LLC
Entity
Mailing address
1300 SE STARK ST STE #401, PORTLAND, OR 97214-2473
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2017
$6,625,000
Graham Re1 LLC
Fab Five LLC
Grant Deed
—
Oct 25, 2017
—
Van Der Meulen,sue C Trust
Van Der Meulen,sue C
Quit Claim Deed
related
—
Sep 16, 2016
—
Van Der Meulen,sue C Living Trust
—
Deed
related
$125,000 · Helen Pomeroy
Jul 25, 2016
—
Van Der Meulen,sue C Trust
Van Der Meulen,sue C
Quit Claim Deed
related
—
Feb 2, 2011
—
Lisa R Wilson
Bank Of America
Quit Claim Deed
related
—
Nov 6, 1989
—
Alm,gardfield
Alm,garfield A J
Grant Deed
related
—
—
—
Van Der Meulen,sue C Living Trust
—
Deed Of Trust
related
$125,000 · Helen Pomeroy
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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