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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Office buildings
5720 220th SW St, Mountlake Terrace, WA 98043-3137
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1199667
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1954
Construction
WOOD
Total area
3,058 SF
Lot
0.22 ac (9,583 SF)
Zoning code
RMM
APN
27042800300600
UPID
US90-1199667
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
-
Brandy C. Ross, ND Alternative Medicine Practice
-
Dr. Virginia Morris Alternative Medicine Practice
-
Morgan Real Estate Management Property Management Company
-
Moonrise Birth Center Medical Clinic
-
Starfire Psychiatry Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
$895k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Joshua Culotti · 1 yrs held
Joshua Culotti
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
RMM · Mountlake Terrace, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+21.7%
Medical building
$1.2M
+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 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
Method
Estimation
Statistic approach
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,090,000
Current use
AUTO REPAIR, GARAGE
$1,325,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$1,195,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$925,000
Change: -15% · Conversion: Easy
RETAIL STORES
$890,000
Change: -18% · Conversion: Moderate
WAREHOUSE, STORAGE
$885,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Aug 30 2024)
Last sale anchor
$1.45M
Aug 30 2024
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
$474 / 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
$4,955
Tax year 2023
Assessed value
$692,500
Assessed 2023
Previous assessed
$596,000
+16.2% YoY
Effective rate
0.72%
On assessed value
Assessed land
$408,500
Assessed improvement
$284,000
Land market value
$408,500
Improvement market value
$284,000
Total market value
$692,500
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
3,058 SF
Lot
0.22 ac (9,583 SF)
Zoning code
RMM
APN
27042800300600
UPID
US90-1199667
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RMM · Mountlake Terrace, WA
Zoning RMM · permitted uses
RMM · Mountlake Terrace, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountlake Terrace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$925,000
RETAIL STORES
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$885,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1954
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Joshua Culotti
Individual
Mailing address
5720 220TH ST SWB, MOUNTLAKE TERRACE, WA 98043-3137
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$1,450,000
Joshua Culotti
Kimberly Guadalupe
Warranty Deed
$1,160,000 · Us Bank NA
Aug 30, 2024
—
Joshua Culotti
Rocio Luna Culotti
Intrafamily Transfer
related
—
Jan 18, 2022
—
Kimberly Guadalupe
—
Deed
related
$398,575 · Banner Bank
May 10, 2017
—
220 Street Sw Land Trust
Guadalupe,kimberly
Quit Claim Deed
related
—
Sep 23, 2016
—
Kimberly Guadalupe
—
Deed
related
$450,000 · Skagit Bank
May 31, 2016
$460,000
Kimberly Guadalupe
Popacap Lya LLC
Warranty Deed
$422,280 · Eastside Funding LLC
Jan 18, 2006
$501,000
Popacap Iya LLC
Brizo,annee G
Warranty Deed
$496,000 · Banner Bank
Apr 18, 2002
$414,235
Annee G Brizo
Sdj Enterprises LLC
Grant Deed
$319,911 · City Bank
Jan 18, 2002
—
Sdj Enterprises LLC
Larsen,garald A & Antonie
Quit Claim Deed
related
—
Apr 1, 1992
$198,000
Gerald A Et Al Larsen
Unknown
Grant Deed
$178,200 · City Bank
—
—
Gerald A Larsen
—
Deed Of Trust
related
$189,541 · City 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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