Entity Owned Property summary
AI-generated overview
The Esplanade at Mill Creek is a 34,824-square-foot, multi-tenant neighborhood center anchored by Everett Clinic, incorporating a mix of retail, restaurant, and essential-use spaces. The center is located along Seattle Hill Road in Mill Creek, Washington, a major northeast/southwest connector providing access to SR 96 and SR 527, and includes parking facilities for tenant and customer use. The tenancy mix has included medical and health services, restaurants, financial services, personal care and fitness, specialty retail, and instructional or service-oriented businesses. A retail space within the center is configured as approximately 945 square feet at 3916 148th St SE, Mill Creek, WA 98012.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
WOOD
Total area
8,825 SF
Lot
1.54 ac (67,082 SF)
Zoning code
PCB
APN
27050400204000
UPID
US90-1703673
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Family Counselor
-
Restaurant
-
Nursing Home
-
Pediatrician Physician
-
Pediatrician Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
since 2016
7 recorded transactions
Zoning & alternative use
PCB · Mill Creek, WA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.37M
Value range
$1.23M – $1.51M
±10% around blend
Estimated value / SF
$155 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
40
$1.23M
blend $1.37M
$1.51M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,825 SF
Lot area
1.54 ac
Year built
2006
Stories
1
APN
27050400204000
Zoning
PCB
Assessed value
$2,631,200
Annual tax
$24,682
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.92M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.08M
@ 6.5% CAP return
$1.92M
@ 7% CAP return
$1.78M
4
Sales comparison
Partial preview
Sales approach indication
$4.40M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.8 mi away · 6,280 SF
14.6 mi away · 9,920 SF
22.1 mi away · 8,450 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.37M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 234 sales
$291
-47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $155/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.63M
Move the market yield to see immediate price impact.
Value / SF
$298
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$166k
$3.32M
$2.37M
$1.84M
$184k
$3.68M
$2.63M
$2.05M
$203k
$4.05M
$2.89M
$2.25M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$4.00M
1.1 mi · Jan 2026 · $571/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,682
Tax year 2023
Assessed value
$2,631,200
Assessed 2023
Previous assessed
$2,353,300
+11.8% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,914,700
Assessed improvement
$716,500
Land market value
$1,914,700
Improvement market value
$716,500
Total market value
$2,631,200
Applied tax rate
3,052.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
2006
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
8,825 SF
Lot
1.54 ac (67,082 SF)
Zoning code
PCB
APN
27050400204000
UPID
US90-1703673
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PCB · Mill Creek, WAZoning PCB · permitted uses
PCB · Mill Creek, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.54 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PCB
Jurisdiction
Mill Creek, WA
Recorded code
PCB
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PCB in Mill Creek, WA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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