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Property profile & analytics
OFF-MARKET Estimated value $7,125,000
Retail space

3405 172nd NE St Arlington, WA 98223-7717

23,369 SF 2.12 ac lot Built 1985
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US90-2987205
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction WOOD
Total area 23,369 SF
Lot 2.12 ac (92,347 SF)
Zoning code HC
APN 31052000402800
UPID US90-2987205
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
$7.06M
CAP Approach CAP
$5.07M
Comparable Approach Comparable
$7.83M
Blend (final) Blend
$7.13M
Owner & transaction history
Smokey Point Properties LLC · 3 yrs held
Smokey Point Properties LLC
since 2022
Last sale
$7.2M
7 recorded transactions
2022
$7.2M
2019
Price N/A
2019
$4,880
2019
$4.9M
2014
Price N/A
2014
Price N/A
2012
Price N/A
Zoning & alternative use
HC · Arlington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Old Town Business District (OTBD), General Commercial (GC), Highway Commercial (HC), Business Park (BP), and Commercial Corridor (CC). These districts are created to accomplish the purposes and serve the objectives set forth in the remainder of this section. (b) The Neighborhood Commercial (NC) zone is established to accommodate commercial activities that wo…

Zone name Highway Commercial
General category COMMERCIAL
Zone area 312.40 ac
Top alternative use upside
Auto repair, garage $10.1M +49.0%
Apartment house (5+ units) $9.7M +42.0%
Medical building $9.1M +34.1%
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