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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Office buildings
502 State Ave Ste 101 Marysville, WA 98270-4572
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3246362
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1992
Construction
TYPE NOT SPECIFIED
Total area
4,785 SF
Lot
0.28 ac (12,197 SF)
Zoning code
DC
APN
528701100800
UPID
US90-3246362
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
$1.14M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.32M
Owner & transaction history
Royal Real Estate Company · 5 yrs held
Royal Real Estate Company
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
DC · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+15.2%
Medical building
$1.9M
+10.1%
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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
$1,070,000
ML approach
$1,135,000
CAP Approach
CAP Return
Estimation
6%
$1,515,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,695,000
Current use
AUTO REPAIR, GARAGE
$1,955,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$1,870,000
Change: +10% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,450,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$1,380,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.33M (May 21 2025)
Last sale anchor
$1.33M
May 21 2025
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
$275 / 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
$15,093
Tax year 2023
Assessed value
$1,097,000
Assessed 2023
Previous assessed
$1,097,000
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$346,500
Assessed improvement
$750,500
Land market value
$346,500
Improvement market value
$750,500
Total market value
$1,097,000
Applied tax rate
511.0000
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
1992
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
4,785 SF
Lot
0.28 ac (12,197 SF)
Zoning code
DC
APN
528701100800
UPID
US90-3246362
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · Marysville, WA
Zoning DC · permitted uses
DC · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1992
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Royal Real Estate Company
Entity
Mailing address
21121 35TH DR SE, BOTHELL, WA 98021-7092
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
Jul 6, 2021
$1,200,000
Royal Real Estate Company
Wtm LLC
Warranty Deed
$840,000 · Grand Pacific Financing Corporation
Aug 1, 2014
$630,000
Wtm LLC
Falcons Nest LLC
Warranty Deed
$610,000 · Falcon's Nest LLC
Jul 3, 2007
$700,000
Falcons Nest LLC
Darling,jess A & Norma J
Warranty Deed
$500,000 · Jess A & Norma J Darling
Jul 1, 2005
—
Jess A Darling
Schonig,brenda
Grant Deed
—
Aug 15, 1997
$610,000
Brenda Schonig
Darling,jess A & Norma J
Grant Deed
$450,000 · Everett Mutual Savings Bank
May 23, 1996
—
Edward W Geddes
Frontier Bank
Quit Claim Deed
related
—
Jul 1, 1989
$25,000
Jess A Darling
Unknown
Grant Deed
—
—
—
Jess A Darling
—
Deed Of Trust
related
$220,000 · Everett Mutual Savings Bank
—
—
Jess A Darling
—
Deed Of Trust
related
$100,000 · Everett Mutual Savings 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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