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Property profile & analytics
OFF-MARKET
Retail space
3946 Tolt Ave, Carnation, WA 98014
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-1970767
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
WOOD
Total area
2,668 SF
Lot
0.18 ac (7,998 SF)
Zoning code
MU
APN
212507-9037
UPID
US90-1970767
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
Jeanne Burt · 4 yrs held
Jeanne Burt
since 2021
7 recorded transactions
Zoning & alternative use
MU · Carnation, 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 Carnation submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carnation 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,925
Tax year 2022
Assessed value
$336,850
Assessed 2022
Previous assessed
$336,850
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$49,950
Assessed improvement
$286,900
Land market value
$99,900
Improvement market value
$286,900
Total market value
$386,800
Applied tax rate
971.0000
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
1900
Construction
WOOD
Heating
NONE
Stories
2
Total area
2,668 SF
Lot
0.18 ac (7,998 SF)
Zoning code
MU
APN
212507-9037
UPID
US90-1970767
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MU · Carnation, WA
Zoning MU · permitted uses
MU · Carnation, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carnation. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Jeanne Burt
Individual
Free & Clear · 4 yrs held
Mailing address
6520 310TH AVE NE, CARNATION, WA 98014-7703
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2021
—
Jeanne Burt
Robin L Mason
Deed
—
Sep 6, 2016
$384,000
Arthur P Burt
Reimer,aaron P & Susan
Warranty Deed
—
Oct 26, 2000
$265,000
Aaron P Reimer
Weiss,andrew R
Grant Deed
$198,750 · Inter Bank
Mar 7, 1994
$40,000
James D Easterly
Sno-valley Eagle
Grant Deed
$40,000 · Valley Community Bank
—
—
James D Easterly
—
Deed Of Trust
related
$33,000 · Valley Community Bank
—
—
James D Easterly
—
Deed Of Trust
related
$30,000 · Inter Bank
—
—
Aaron P Reimer
—
Deed Of Trust
related
$30,000 · Eagle Home Mortgage Co
—
—
Aaron P Reimer
—
Deed Of Trust
related
$263,516 · Eagle Home Mortgage Co
—
—
James D Easterly
—
Deed Of Trust
related
$35,000 · Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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