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Property profile & analytics
OFF-MARKET Estimated value $5,575,000
Investment properties

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

37,200 SF 0.46 ac lot Built 2004
Entity Owned 29-yr Hold Free & Clear
Property ID
US90-1457253
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 37,200 SF
Lot 0.46 ac (20,000 SF)
Zoning code TC
APN 531510-1096
UPID US90-1457253
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
  • Appliance Repair Mercer Island Home Appliance Store
  • Edward Jones - Financial Advisor: Kirk C Felton, CFP®|AAMS®|CRPC® Financial Advisor
  • Edward Jones Financial Advisor
  • 1 on 1 Fitness Gym & Fitness Center
  • Laser Paws Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.38M
Blend (final) Blend
$5.58M
Owner & transaction history
M5 Investments INC · 29 yrs held
M5 Investments INC
since 1996
2 recorded transactions
1996
$530,000
1996
$484,000
Zoning & alternative use
TC · Mercer Island, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

19.04.030 Town Center district - TC. Repealed by Ord. 02C-04. (Ord. 99C-13 § 1). 19.04.040 Parking requirements. A. The following parking requirements apply to all uses in the C-O and B zones and to all nonresidential uses in the PBZ zone. B. General Requirements. 1. Surfacing and Grading. All off-street parking areas shall be graded and surfaced to a standa…

Zone name Town Center
General category UNKNOWN
Zone area 77.74 ac
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