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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
57 Cedar Ave Snohomish, WA 98290-2929
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0408303
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1913
Construction
WOOD
Total area
1,000 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R6
APN
579400800702
UPID
US90-0408303
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
-
Sarah Davidson Midwife
-
Siri Larson Iverson Midwife
-
Day Team Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$565k
Owner & transaction history
57 Cedar LLC · 5 yrs held
57 Cedar LLC
since 2021
Last sale
$601,000
7 recorded transactions
Zoning & alternative use
R6 · Snohomish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$435,000
+21.7%
Medical building
$390,000
+9.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$355,000
Current use
AUTO REPAIR, GARAGE
$435,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$390,000
Change: +9% · Conversion: Easy
RETAIL STORES
$345,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $549k – $595k · vs last sale $601k (Jun 14 2021)
Last sale anchor
$601k
Jun 14 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
$565 / 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
$4,915
Tax year 2023
Assessed value
$560,000
Assessed 2023
Previous assessed
$331,300
+69.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$330,000
Assessed improvement
$230,000
Land market value
$330,000
Improvement market value
$230,000
Total market value
$560,000
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
1913
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Rooms
4
Bathrooms
1
Total area
1,000 SF
Lot
0.14 ac (6,098 SF)
Zoning code
R6
APN
579400800702
UPID
US90-0408303
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R6 · Snohomish, WA
Zoning R6 · permitted uses
R6 · 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
OFFICE BUILDING Current
Est. value
$355,000
AUTO REPAIR, GARAGE
Est. value
$435,000
MEDICAL BUILDING
Est. value
$390,000
RETAIL STORES
Est. value
$345,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1913
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
57 Cedar LLC
Entity
Free & Clear · 5 yrs held
Mailing address
57 CEDAR AVE, SNOHOMISH, WA 98290-2929
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2021
$601,000
57 Cedar LLC
Melissa A Denmark
Warranty Deed
—
Apr 30, 2008
$360,000
Melissa A Denmark
Gouras,jon R & Rachel
Warranty Deed
—
Dec 8, 2005
$250,000
Jon R Gouras
Rumsey,annette S
Warranty Deed
$237,500 · Wmc Mortgage Corp
Nov 29, 1994
$112,500
—
Wilson,christoph
Grant Deed
related
$109,049 · Lynnwood Mortgage Corp
Nov 1, 1989
$79,950
Christopher Wilson
Unknown
Grant Deed
$80,749 · Sears Mortgage Corp
—
—
Annette S Rumsey
—
Deed Of Trust
related
$112,321 · Countrywide Home Loans INC
—
—
Annette S Rumsey
—
Deed Of Trust
related
$127,000 · Countrywide Home Loans INC
—
—
Annette S Rumsey
—
Deed Of Trust
related
$110,464 · Countrywide Home Loans INC
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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