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Property profile & analytics
OFF-MARKET
Commercial real estate
401 2nd St Snohomish, WA 98290-3008
Individually Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1234967
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1989
Construction
WOOD
Total area
1,762 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R2
APN
770800100100
UPID
US90-1234967
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
-
Optum Snohomish Walk-In Clinic Medical Clinic
-
Claire Fung, MD, Family Medicine at Snohomish Pediatrician Physician
-
The Everett Clinic Primary Care Medical Clinic
-
Sarah Thunselle, ARNP, Family Medicine at Snohomish Physician
-
Everett Clinic: Johnston Brenda MD Physician
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
Everett Clinic Ps · 14 yrs held
Everett Clinic Ps
since 2012
2 recorded transactions
Zoning & alternative use
R2 · Snohomish, WA
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 Snohomish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snohomish 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
$4,986
Tax year 2023
Assessed value
$568,000
Assessed 2023
Previous assessed
$467,000
+21.6% YoY
Effective rate
0.88%
On assessed value
Assessed land
$153,900
Assessed improvement
$414,100
Land market value
$153,900
Improvement market value
$414,100
Total market value
$568,000
Applied tax rate
735.0000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
1,762 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R2
APN
770800100100
UPID
US90-1234967
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Snohomish, WAZoning R2 · permitted uses
R2 · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ord 2296 Development Code
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Everett Clinic Ps
Individual
Mailing address
3901 HOYT AVE, EVERETT, WA 98201-4918
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2012
—
Everett Clinic Ps
—
Deed Of Trust
related
$65,000,000 · Bank Of America
Apr 30, 2002
—
Everett Clinic Ps
—
Deed Of Trust
related
$40,405,480 · Bank Of America NA Trustee
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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