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Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Retail space
319 State Ave Marysville, WA 98270-5056
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0450061
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Construction
WOOD
Total area
6,523 SF
Lot
0.8 ac (34,848 SF)
Zoning code
ML
APN
528700400101
UPID
US90-0450061
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
-
Coastal Community Bank Bank Loan Service
-
AT&T Store Telecommunications Service
-
Rhonda Snyder Loan Service
-
Rhonda Snyder, Business Development Officer Business Service Center
-
Toni Mathews Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.25M
Owner & transaction history
Js State Holding Company LLC · 1 yrs held
Js State Holding Company LLC
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
ML · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+105.4%
Apartment house (5+ units)
$2.7M
+63.9%
Auto repair, garage
$2.7M
+61.9%
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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
$2,905,000
ML approach
$2,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,380,000
Change: +105% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,700,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,665,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$2,545,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$2,315,000
Change: +41% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,975,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±10% · vs last sale $3.60M (Jan 23 2025)
Last sale anchor
$3.60M
Jan 23 2025
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
$498 / 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
$6,809
Tax year 2023
Assessed value
$1,141,300
Assessed 2023
Previous assessed
$1,141,300
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$820,800
Assessed improvement
$320,500
Land market value
$820,800
Improvement market value
$320,500
Total market value
$1,141,300
Applied tax rate
511.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
6,523 SF
Lot
0.8 ac (34,848 SF)
Zoning code
ML
APN
528700400101
UPID
US90-0450061
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
ML · Marysville, WA
Zoning ML · permitted uses
ML · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2015
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Js State Holding Company LLC
Entity
Mailing address
20400 92ND AVE S STE #900, KENT, WA 98031-1475
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2025
—
Js State Holding Company LLC
Js State Holdings Company LLC
Quitclaim Deed
related
$1,000,000 · Us Bank NA
Sep 27, 2024
$3,600,000
Js State Holdings Company LLC
Rhino Holdings Marysville I LLC
Warranty Deed
—
Aug 30, 2024
—
Rhino Holdings Marysville I LLC
—
Deed
related
$24,391,000 · The Ethell Family Trust
Dec 6, 2022
—
Burlington Coat Factory Warehouse C
Mrof I Spe III Marysville LLC
Lease
—
Apr 19, 2022
$25,300,000
Mrof I Spe Himarysville LLC
Mgp Ix Properties LLC
Bargain And Sale Deed
$21,815,000 · Crescit Mortgage Capital LLC
Oct 2, 2020
—
City Of Marysville
Mgp Ix Properties LLC
Warranty Deed
—
Aug 28, 2014
—
Mgp Ix Properties LLC
Mgp Ix Marysville LLC
Quit Claim Deed
—
Mar 4, 2011
$19,150
Mgp Ix Marysville LLC
Marysville Capital LLC
Warranty Deed
related
—
Oct 5, 2004
$19,450,000
Marysville Capital LLC
Marysville Towne Center LLC
Grant Deed
related
—
Jan 26, 1996
—
New Valley Corp
—
Deed Of Trust
related
$10,784,303 · Sp Centrury V LP
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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