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Property profile & analytics
OFF-MARKET
Medical Office Space
33405 Us 2nd 2 Sultan, WA 98294-8607
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0355480
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1935
Construction
WOOD
Total area
2,544 SF
Lot
0.45 ac (19,602 SF)
Zoning code
V5
APN
28083300402600
UPID
US90-0355480
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charles Green · 13 yrs held
Charles Green
since 2012
7 recorded transactions
Zoning & alternative use
V5 · Sultan, 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 Sultan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sultan 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,806
Tax year 2023
Assessed value
$485,000
Assessed 2023
Previous assessed
$405,200
+19.7% YoY
Effective rate
0.78%
On assessed value
Assessed land
$208,800
Assessed improvement
$276,200
Land market value
$208,800
Improvement market value
$276,200
Total market value
$485,000
Applied tax rate
805.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1935
Construction
WOOD
Heating
HEAT PUMP
Cooling
NONE
Stories
1
Rooms
5
Bathrooms
2
Total area
2,544 SF
Lot
0.45 ac (19,602 SF)
Zoning code
V5
APN
28083300402600
UPID
US90-0355480
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
V5 · Sultan, WAZoning V5 · permitted uses
V5 · Sultan, 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
1935
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Charles Green
Individual
Mailing address
PO BOX 136, SULTAN, WA 98294-0136
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Aug 29, 2012
$142,811
Charles Green
Wells Fargo Bank 2005-he1
Grant Deed
—
Jun 26, 2012
$164,000
Fargo Bk NA 2005-he1 Wells
Regional Trustee Svcs Corpce
Trustees Deed
related
—
Dec 16, 2003
$185,955
Don D Mercer
Partners Mortgage
Grant Deed
$148,800 · Bridge Capital Corp
Aug 5, 2003
$198,396
Partners Mortgage
Tetrick,barry
Trustees Deed
related
—
Apr 13, 1999
$200,000
Barry Tetrick
Hoffman,steve E & Winona T
Grant Deed
$110,000 · Partners Mortgage
—
—
Don D Mercer
—
Deed Of Trust
related
$109,675 · Ron & Mary Barton
—
—
Barry Tetrick
—
Deed Of Trust
related
$261,081 · Jerry L & Barbara M Kelly
—
—
Charles T Green
—
Deed Of Trust
related
$164,500 · Whidbey Island Bank
—
—
Don D Mercer
—
Deed Of Trust
related
$223,250 · Wmc Mortgage Corp
—
—
Don D Mercer
—
Deed Of Trust
related
$29,000 · Bank Of America
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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