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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Outlet malls
5906 238th SE St Woodinville, WA 98072-8603
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US90-0661058
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1972
Construction
WOOD
Total area
4,000 SF
Lot
2.6 ac (113,256 SF)
Zoning code
SC
APN
27053400400700
UPID
US90-0661058
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
-
Northshore Paving General Contractor Construction Company
-
DTG Recycle - Woodinville West Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$543k
Blend (final)
Blend
$655k
Owner & transaction history
Northshore Properties LLC · 28 yrs held
Northshore Properties LLC
since 1998
7 recorded transactions
Zoning & alternative use
SC · Woodinville, 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 Woodinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodinville 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
$555,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$865,000
7%
$805,000
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$164 / 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
$26,023
Tax year 2023
Assessed value
$2,822,000
Assessed 2023
Previous assessed
$1,725,900
+63.5% YoY
Effective rate
0.92%
On assessed value
Assessed land
$2,756,100
Assessed improvement
$65,900
Land market value
$2,756,100
Improvement market value
$65,900
Total market value
$2,822,000
Applied tax rate
4,138.0000
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
1972
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
4,000 SF
Lot
2.6 ac (113,256 SF)
Zoning code
SC
APN
27053400400700
UPID
US90-0661058
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SC · Woodinville, WA
Zoning SC · permitted uses
SC · Woodinville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodinville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
2.6 ac
Current owner
From public records · entity-resolved
Northshore Properties LLC
Entity
Mailing address
PO BOX 1813, BOTHELL, WA 98041-1813
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2023
—
Northshore Properties LLC
—
Deed
related
$374,313 · Phillip M Thompson Etux
Sep 19, 2023
—
Northshore Properties LLC
—
Deed
related
$2,200,000 · Banner Bank
Mar 2, 1998
$775,000
Northshore Properties LLC
Thompson,phillip M & Mikell R
Grant Deed
$725,000 · Seller
—
—
Northshore Properties LLC
—
Deed Of Trust
related
$100,000 · Bank Of America
—
—
Northshore Properties LLC
—
Deed Of Trust
related
$800,000 · Banner Bank
—
—
Northshore Properties LLC
—
Deed Of Trust
related
$745,000 · Bank Of America
—
—
Northshore Properties LLC
—
Deed Of Trust
related
$135,000 · Frontier 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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