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Property profile & analytics
FOR LEASE
Retail space
3701 88Th St NE Marysville, WA 98270
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1136518
No photos on file
For Lease
$6,400/Mo
3701 88Th St NE, Marysville, WA 98270
View Listing →
Property summary
AI-generated overview
Plaza 88, located at 3701 88th St NE, Marysville, WA 98270, presents a compelling investment opportunity in a high-performing retail center. This 15,420 square foot center, built in 2000, sits on a 1.37-acre lot and boasts 250 parking spaces. Currently, there are 1,200 square feet of vacant space available, with additional space potentially available ranging up to 2,000 square feet. The property is zoned CB and is situated in the Marysville submarket. Its strategic location directly off Interstate 5 (exit 200/88th St NE) provides exceptional visibility and accessibility. The center benefits from a Haggen grocery store anchor and a Chick-fil-A drive-thru immediately adjacent. Across the freeway, the property enjoys proximity to major national retailers including Walmart, Home Depot, Cabela's, Tulalip Resort Casino, and Seattle Premium Outlets, ensuring high traffic volume and a strong customer base. This grocery-anchored neighborhood center offers a unique opportunity to establish a presence in a thriving retail corridor with significant potential for growth. The cross street is 36th Ave NE.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
4,500 SF
Lot
0.38 ac (16,553 SF)
Zoning code
M2
APN
30052100206900
UPID
US90-1136518
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
-
Pinewood Family Dental Dental Office
-
Dr. Jung Lee Dental Office
-
EarthWise Pet Marysville Mobile Grooming Van Pet Grooming Service
-
Jung Joo Lee Dental Office
-
EarthWise Pet Supply & Grooming Marysville (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$875k
Owner & transaction history
Couture Investment Group S LLC · 10 yrs held
Couture Investment Group S LLC
since 2015
5 recorded transactions
Zoning & alternative use
M2 · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+20.1%
Warehouse, storage
$1.3M
+14.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,135,000
Current use
COMMERCIAL (GENERAL)
$1,365,000
Change: +20% · Conversion: Easy
WAREHOUSE, STORAGE
$1,300,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$194 / 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
$7,998
Tax year 2023
Assessed value
$1,338,800
Assessed 2023
Previous assessed
$1,335,700
+0.2% YoY
Effective rate
0.60%
On assessed value
Assessed land
$524,000
Assessed improvement
$814,800
Land market value
$524,000
Improvement market value
$814,800
Total market value
$1,338,800
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
For Lease
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
4,500 SF
Lot
0.38 ac (16,553 SF)
Zoning code
M2
APN
30052100206900
UPID
US90-1136518
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Marysville, WA
Zoning M2 · permitted uses
M2 · 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
RETAIL STORES Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Couture Investment Group S LLC
Entity
Mailing address
14330 NW RHODA LN, SEABECK, WA 98380-9705
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2015
—
Couture Investment Group S LLC
Sde Properties LLC
Warranty Deed
$4,500,000 · Heritage Bank
Aug 27, 2013
$5,532,000
Sde Properties LLC
Plaza 88 Associates LLC
Grant Deed
$3,660,000 · Everbank
Aug 15, 2002
$3,558,750
Plaza 88 Associates LLC
Plaza 88 LLC
Grant Deed
related
$2,700,000 · Homestreet Bank
Sep 2, 1999
—
Plaza 88 LLC
Barclays North INC
Grant Deed
$667,500 · Interwest Bank
—
—
Plaza 88 Associates LLC
—
Deed Of Trust
related
$2,780,000 · Wells Fargo Bank
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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