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Property profile & analytics
OFF-MARKET
Commercial real estate
6 Coveland St, Coupeville, WA 98239
Individually Owned
8-yr Hold
Free & Clear
Property ID
US90-1836727
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Total area
1,440 SF
Lot
0.04 ac (1,851 SF)
Zoning code
CP
APN
S6025-00-18002-0
UPID
US90-1836727
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
-
Pathways Counseling - Mark Lucero, LMHC Counselor
-
Balance Bodyworks Massage & Pain Therapy, LLC. Alternative Medicine Practice
-
Susann K. Wadsworth, LMP Alternative Medicine Practice Spa & Massage Center
-
Balanced Mind Hypnosis Alternative Medicine Practice
-
Coupeville Learning Llc Training Center Tutoring Service
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
Robert J Hertel · 8 yrs held
Robert J Hertel
since 2018
3 recorded transactions
Zoning & alternative use
CP · Coupeville, 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 Coupeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coupeville 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
Property tax & assessments
Assessed value
$298,005
Assessed 2023
Previous assessed
$268,763
+10.9% YoY
Assessed land
$148,104
Assessed improvement
$149,901
Land market value
$148,104
Improvement market value
$149,901
Total market value
$298,005
Applied tax rate
300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1987
Heating
GAS
Stories
2
Rooms
1
Total area
1,440 SF
Lot
0.04 ac (1,851 SF)
Zoning code
CP
APN
S6025-00-18002-0
UPID
US90-1836727
Jurisdiction
ISLAND
Zoning & alternative use
CP · Coupeville, WA
Zoning CP · permitted uses
CP · Coupeville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coupeville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
GAS
Stories
2
Rooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Robert J Hertel
Individual
Free & Clear · 8 yrs held
Mailing address
1985 FIRCREST AVE, COUPEVILLE, WA 98239-9647
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2018
$260,100
Robert J Hertel
Iverson,matthew & Heidi
Warranty Deed
—
Apr 19, 2012
$225,000
Matthew Iverson
Borden,peter R & Carolyn K
Warranty Deed
$180,000 · Whidbey Island Bank
Jul 1, 2005
$176,000
Peter R Borden
Arnold,valerie E
Warranty Deed
$135,100 · Whidbey Island 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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