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    Property profile & analytics

    3011 78th SE Ave Mercer Island, WA 98040-2853

    • Investment properties
    • 37,200 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-1457253
    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.

    Current Use by Public Records

    • Appliance Repair Mercer Island / Appliance Repair Service
    • Edward Jones - Financial Advisor: Kirk C Felton, CFP®|AAMS®|CRPC® / Financial Consultant / Finance Broker
    • Edward Jones / Stock Broker
    • 1 on 1 Fitness / Personal Trainer / Fitness Center
    • Laser Paws / Medical Clinic

    Property Details for 3011 78th SE Ave

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    37,200 SF
    Zone code
    TC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    531510-1096
    APU
    5315101096

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mercer Island
    County
    King
    State
    Washington
    Longitude
    -122.234
    Latitude
    47.5833
    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
    2022
    $128,789
    $3,600,000
    $17,410,000
    $21,010,000
    -
    $3,600,000
    $17,410,000
    $21,010,000

    Comparable in this City

    • Value Estimation by Request
      147,450 SF

      7650 27th St

      OFFICE/RESIDENTIAL (MIXED USE) • 147,450 SF
      7650 27th St, Mercer Island, WA 98040-3060
      View Details
    • Value Estimation by Request
      10,040 SF

      Mercer Island, WA 98040

      OFFICE/RESIDENTIAL (MIXED USE) • 10,040 SF
      Mercer Island, WA 98040
      View Details
    • Value Estimation by Request
      1,681 SF

      Mercer Island, WA 98040

      OFFICE/RESIDENTIAL (MIXED USE) • 1,681 SF
      Mercer Island, WA 98040
      View Details
    • Value Estimation by Request
      217,375 SF

      2758 78th SE Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 217,375 SF
      2758 78th SE Ave, Mercer Island, WA 98040-2868
      View Details
    • Value Estimation by Request
      41,050 SF

      2836 78th SE Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 41,050 SF
      2836 78th SE Ave, Mercer Island, WA 98040-2848
      View Details
    • Value Estimation by Request
      166,212 SF

      2630 77th SE Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 166,212 SF
      2630 77th SE Ave, Mercer Island, WA 98040-4053
      View Details

    Similar Nearby for Sale

    • $4,950,000

      Mercer Island Mixed-Use Development Site

      Prime 0.44-acre site near future light rail.
      3003 Island Crest Way, Mercer Island, WA 98040
      View Details
    • $1,649,995

      Desirable Lot with Lake Views

      Rare opportunity to build on a nearly half-acre lot.
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    • $475,000

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      Expansive lot near Pioneer Park with preliminary home plans.
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    • $325,000
      457 SF

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      Light-filled end-unit studio in the heart of Mercer Island.
      2933 76Th Ave SE, Mercer Island, WA 98040
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    Similar Nearby for Lease

    • Contact for pricing
      1,286 SF

      Mercer Island Retail/Restaurant Space

      New mixed-use development with retail/restaurant space in Mercer Island.
      2750 77Th Ave SE, Mercer Island, WA 98040
      View Details
    • $32 SF/Yr
      5,028 SF

      Mercer Island Class A Office

      Class A office space in the heart of Mercer Island.
      2758 78Th Ave SE, Mercer Island, WA 98040
      View Details
    • $35 SF/Yr
      1,793 SF

      Mercer Island Office Space Available

      Office space for rent in Mercer Island, Washington.
      7429-7435 SE 27Th St, Mercer Island, WA 98040
      View Details
    • $25 SF/Yr
      1,317 SF

      Mercer Island Office Space Available

      Office space for rent in Mercer Island, Washington.
      7426 SE 27Th St, Mercer Island, WA 98040
      View Details
    • $37 SF/Yr
      3,017 SF

      Mercer Island Retail Spaces Available

      Prime retail space, multiple units, excellent location.
      7633 27Th St, Mercer Island, WA 98040
      View Details
    • $39 SF/Yr
      770 SF

      Mercer Island Retail Space Available

      Retail space available in Mercer Island, Washington.
      2630 77Th Ave SE, Mercer Island, WA 98040
      View Details

    Property Visit Statistics

    • Visits by month
      3.6k
    • Visitors by month
      2.8k
    • Avg Time on site
      25 min
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    3011 78th SE Ave
    Mercer Island, WA 98040-2853
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
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