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Property profile & analytics
OFF-MARKET
Individual retail properties
5707 244th SW St Mountlake Terrace, WA 98043-5449
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US90-0887077
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1949
Construction
WOOD
Total area
1,113 SF
Lot
0.17 ac (7,405 SF)
Zoning code
P1
APN
520500700100
UPID
US90-0887077
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
-
Anthony Molinero Hair Salon
-
Audrey Lambert Hair Color and Tape-in Extension Specialist located at Shear Power Salon in Mountlake Terrace. Hair Salon
-
Shear Power Salon Hair Salon Nail Salon
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
Marcia Forkner · 23 yrs held
Marcia Forkner
since 2002
4 recorded transactions
Zoning & alternative use
P1 · Mountlake Terrace, 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 Mountlake Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountlake Terrace 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
$4,144
Tax year 2023
Assessed value
$578,900
Assessed 2023
Previous assessed
$441,000
+31.3% YoY
Effective rate
0.72%
On assessed value
Assessed land
$418,600
Assessed improvement
$160,300
Land market value
$418,600
Improvement market value
$160,300
Total market value
$578,900
Applied tax rate
610.0000
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
BARBER, HAIR SALON
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
1,113 SF
Lot
0.17 ac (7,405 SF)
Zoning code
P1
APN
520500700100
UPID
US90-0887077
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
P1 · Mountlake Terrace, WAZoning P1 · permitted uses
P1 · Mountlake Terrace, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Marcia Forkner
Individual
Mailing address
21124 46TH AVE SE, BOTHELL, WA 98021-7930
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2002
$160,000
Marcia Forkner
Imamura,eugene H
Grant Deed
$110,000 · Eugene H Imamura
Mar 1, 1988
$89,999
Eugene Imamura
Unknown
Grant Deed
—
—
—
Marcia L Peterson
—
Deed Of Trust
related
$180,000 · Bank Of Washington
—
—
Marcia Forkner
—
Deed Of Trust
related
$180,000 · Bank Of Washington
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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