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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Retail space
32925 46th St Fall City, WA 98024
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0035063
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
WOOD
Total area
2,400 SF
Lot
13.6 ac (592,436 SF)
Zoning code
RA5
APN
152407-9017
UPID
US90-0035063
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$515k
Owner & transaction history
Blue Hill LLC · 19 yrs held
Blue Hill LLC
since 2007
7 recorded transactions
Zoning & alternative use
RA5 · Fall City, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fall City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fall City 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
$375,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$215 / 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
$6,304
Tax year 2022
Assessed value
$397,666
Assessed 2022
Previous assessed
$397,666
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$396,666
Assessed improvement
$1,000
Land market value
$1,036,700
Improvement market value
$1,000
Total market value
$1,037,700
Applied tax rate
6,631.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1957
Construction
WOOD
Heating
SPACE
Buildings
5
Stories
1
Total area
2,400 SF
Lot
13.6 ac (592,436 SF)
Zoning code
RA5
APN
152407-9017
UPID
US90-0035063
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RA5 · Fall City, WAZoning RA5 · permitted uses
RA5 · Fall City, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
SPACE
Stories
1
Buildings
5
Lot
13.6 ac
Current owner
From public records · entity-resolved
Blue Hill LLC
Entity
Mailing address
PO BOX 338, FALL CITY, WA 98024-0338
Ownership since
2007
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
Aug 1, 2007
$1,150,000
Blue Hill LLC
Wells,ralph G & Margaret J
Warranty Deed
$675,000 · Washington Trust Bank
Jul 9, 1990
$429,300
Ralph G Wells
Koba,fred M&nanc
Grant Deed
$321,000 · Pacific Northwest Bank
—
—
Ralph G Wells
—
Deed Of Trust
related
$120,608 · Pacific Northwest Bank
—
—
Ralph G Wells
—
Deed Of Trust
related
$50,000 · Cascade Bank
—
—
Ralph G Wells
—
Deed Of Trust
related
$100,000 · Pacific Northwest Bank
—
—
Ralph G Wells
—
Deed Of Trust
related
$245,000 · Issaquah Bank
—
—
Ralph G Wells
—
Deed Of Trust
related
$650,000 · Mortgage Source
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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