Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Outlet malls
5822 Cemetery Rd Arlington, WA 98223-7781
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1605706
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1999
Construction
WOOD
Total area
6,440 SF
Lot
8.98 ac (391,169 SF)
Zoning code
GI
APN
31051500200700
UPID
US90-1605706
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$870k
Owner & transaction history
Reece Construction Company · 6 yrs held
Reece Construction Company
since 2020
7 recorded transactions
Zoning & alternative use
GI · Arlington, 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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$135 / 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
$32,347
Tax year 2023
Assessed value
$4,191,600
Assessed 2023
Previous assessed
$3,376,000
+24.2% YoY
Effective rate
0.77%
On assessed value
Assessed land
$3,875,200
Assessed improvement
$316,400
Land market value
$3,875,200
Improvement market value
$316,400
Total market value
$4,191,600
Applied tax rate
110.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Rooms
2
Bathrooms
1
Total area
6,440 SF
Lot
8.98 ac (391,169 SF)
Zoning code
GI
APN
31051500200700
UPID
US90-1605706
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GI · Arlington, WA
Zoning GI · permitted uses
GI · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Bathrooms
1
Lot
8.98 ac
Current owner
From public records · entity-resolved
Reece Construction Company
Entity
Mailing address
PO BOX 1531, MARYSVILLE, WA 98270-1531
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2020
—
Reece Construction Company
Opal Properties LLC
Warranty Deed
$5,000,000 · Opal Properties LLC
Oct 22, 2018
—
Opal Properties LLC
—
Grant Deed
related
$2,111,388 · First Interstate Bk
Oct 5, 2004
—
Opal Properties LLC
Rengen,glenn A
Quit Claim Deed
related
—
Sep 20, 2004
$644,400
Glenn A Rengen
Gutschmidt,penny L
Quit Claim Deed
related
—
May 7, 1999
—
Arlington City (tx)
Rengen,glenn A
Grant Deed
related
—
Mar 26, 1998
$600,000
Glenn A Rengen
Espedal,erling W
Grant Deed
related
$540,000 · Seller
—
—
Opal Properties LLC
—
Loan Modification
related
$3,600,000 · Homestreet Bk
—
—
Glenn A Rengen
—
Deed Of Trust
related
$1,000,000 · Cascade Bank
—
—
Opal Properties LLC
—
Deed Of Trust
related
$3,600,000 · Homestreet Bank
—
—
Glenn A Rengen
—
Deed Of Trust
related
$626,132 · Cascade Bank
—
—
Opal Properties LLC
—
Deed Of Trust
related
$1,447,350 · Homestreet Bank
—
—
Penny L Gutschmidt
—
Deed Of Trust
related
$600,000 · Cascade 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5822 Cemetery Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
