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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office buildings
428 Pne Ave Snohomish, WA 98290-3305
Individually Owned
6-yr Hold
Free & Clear
Property ID
US90-3340178
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1993
Construction
WOOD
Total area
3,150 SF
Lot
0.19 ac (8,276 SF)
Zoning code
RG
APN
28061800102900
UPID
US90-3340178
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
-
Infinity Beauty Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$922k
Blend (final)
Blend
$665k
Owner & transaction history
Jeffrey Van Horn · 6 yrs held
Jeffrey Van Horn
since 2019
7 recorded transactions
Zoning & alternative use
RG · Snohomish, 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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,080,000
Change: -4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$955,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$910,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$211 / 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
$4,337
Tax year 2023
Assessed value
$494,000
Assessed 2023
Previous assessed
$450,000
+9.8% YoY
Effective rate
0.88%
On assessed value
Assessed land
$354,600
Assessed improvement
$139,400
Land market value
$354,600
Improvement market value
$139,400
Total market value
$494,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Units
1
Rooms
1
Bathrooms
2
Total area
3,150 SF
Lot
0.19 ac (8,276 SF)
Zoning code
RG
APN
28061800102900
UPID
US90-3340178
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RG · Snohomish, WA
Zoning RG · permitted uses
RG · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snohomish. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$910,000
RETAIL STORES
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
1993
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
1
Rooms
1
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Jeffrey Van Horn
Individual
Free & Clear · 6 yrs held
Mailing address
428 PNE AVE, SNOHOMISH, WA 98290-3305
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
$219,000
Jeffrey Van Horn
Thomas A Walker
Quit Claim Deed
related
—
Sep 15, 2006
$425,000
Thomas A Walker
Kingston,james E
Warranty Deed
$395,000 · James E Kingston
Mar 1, 1992
$74,500
James E Kingston
Unknown
Grant Deed
$55,875 · Seller
—
—
James E Kingston
—
Deed Of Trust
related
$100,000 · Cascade Bank
—
—
James E Kingston
—
Deed Of Trust
related
$210,000 · Cascade Bank
—
—
James E Kingston
—
Deed Of Trust
related
$97,000 · Duane C Gainer
—
—
James E Kingston
—
Deed Of Trust
related
$50,000 · Duane G Gainer
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.
Try Rey
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