You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $11,915,000
Outlet malls

3023 78th SE Ave Mercer Island, WA 98040-2822

42,249 SF 2.79 ac lot Built 1964
Entity Owned 19-yr Hold Free & Clear
Property ID
US90-1353199
Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1964
Construction WOOD
Total area 42,249 SF
Lot 2.79 ac (121,712 SF)
Zoning code TC
APN 531510-1105
UPID US90-1353199
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
  • Mercer Island Shopping Center Shopping Center & Mall
  • Coinhub Bitcoin ATM Teller Atm
  • Rite Aid Pharmacy
  • Amazon Locker - Wikus Postal Service Courier Service
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.63M
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.92M
Owner & transaction history
78th Ave-mercer Island LLC · 19 yrs held
78th Ave-mercer Island LLC
since 2007
1 recorded transaction
2007
Price N/A
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 Repealed by Ord. 02C-04.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
Top alternative use upside
Auto repair, garage $19.4M +17.0%
Medical building $16.7M +0.7%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3023 78th SE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message