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Property profile & analytics
OFF-MARKET
Estimated value
$4,925,000
Individual retail properties
4200 78th SW St Mukilteo, WA 98275-2826
Entity Owned
~
Est. High Equity
Property ID
US90-1373441
Property profile
Verified
Property type
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
19,200 SF
Lot
4.66 ac (202,990 SF)
Zoning code
PI
APN
28041000302200
UPID
US90-1373441
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
-
Seatown Electric Plumbing Heating and Air Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.93M
Owner & transaction history
Vb Acquisitions LLC
Vb Acquisitions LLC
since 2025
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
PI · Mukilteo, 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 Mukilteo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mukilteo 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
$5,225,000
ML approach
$5,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,990,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,170,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.93M
Range $4.43M – $5.42M · ±10% · vs last sale $4.50M (Apr 8 2021)
Last sale anchor
$4.50M
Apr 8 2021
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
$257 / 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
$32,349
Tax year 2023
Assessed value
$4,492,300
Assessed 2023
Previous assessed
$4,376,900
+2.6% YoY
Effective rate
0.72%
On assessed value
Assessed land
$3,018,400
Assessed improvement
$1,473,900
Land market value
$3,018,400
Improvement market value
$1,473,900
Total market value
$4,492,300
Applied tax rate
667.0000
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
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Status
Off-Market
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
19,200 SF
Lot
4.66 ac (202,990 SF)
Zoning code
PI
APN
28041000302200
UPID
US90-1373441
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PI · Mukilteo, WA
Zoning PI · permitted uses
PI · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mukilteo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.0M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2002
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
4.66 ac
Current owner
From public records · entity-resolved
Vb Acquisitions LLC
Entity
Mailing address
4200 78TH ST SW, MUKILTEO, WA 98275-2826
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2026
—
Vb S1 Assets LLC
—
Deed
related
$95,868 · Deutsche Bank Trust Co Americas
Nov 12, 2025
—
Vb Acquisitions LLC
Seattle Smsa Limited Partnership
Deed
—
Apr 12, 2024
—
Phillips Holdings 4200 LLC
—
Deed
related
$4,000,000 · First Citizens Bank & Trust Co
Jun 4, 2021
—
Phillips Holdings 4200 LLC
—
Deed
related
$1,824,000 · Northwest Business Development Associati
Apr 8, 2021
$4,500,000
Phillips Holding 4200 LLC
Skolute Investments LLC
Warranty Deed
$2,250,000 · Washington Trust Bank
Feb 15, 2018
—
Skolute Investments LLC
—
Deed
related
$1,915,000 · First Citizens Bank & Trust Co
Jul 1, 2002
—
Mukilteo City (wa)
Haug,mike & Carol
Grant Deed
related
—
Jun 7, 1999
$585,772
Michael O Haug
Brain,christopher I
Grant Deed
$355,000 · Commercial Bank
—
—
Skolute Investments LLC
—
Deed Of Trust
related
$1,969,165 · Key Bank NA
—
—
Michael O Haug
—
Deed Of Trust
related
$2,816,650 · Evertrust 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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