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Property profile & analytics
FOR SALE
Commercial land
609 Main St Sultan, WA 98294
Individually Owned
Free & Clear
Property ID
US90-0358869
For Sale
1 / 18
$1,350,000
609 Main St, Sultan, WA 98294
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1929
Construction
WOOD FRAME
Total area
808 SF
Lot
0.08 ac (3,485 SF)
Zoning code
UC
APN
586200301600
UPID
US90-0358869
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
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
Warren K Jerden
Warren K Jerden
since 2026
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
UC · Sultan, 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 Sultan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sultan 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
$1,255,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.20M (Feb 21 2023)
Last sale anchor
$1.20M
Feb 21 2023
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
$1,522 / 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
$70
Tax year 2023
Assessed value
$9,000
Assessed 2023
Previous assessed
$9,000
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$9,000
Land market value
$9,000
Total market value
$9,000
Applied tax rate
805.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1929
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Rooms
3
Bathrooms
1
Total area
808 SF
Lot
0.08 ac (3,485 SF)
Zoning code
UC
APN
586200301600
UPID
US90-0358869
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UC · Sultan, WA
Zoning UC · permitted uses
UC · Sultan, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sultan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1929
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Rooms
3
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Warren K Jerden
Individual
Free & Clear · 0 yrs held
Mailing address
3318 CRESWELL RD, SNOHOMISH, WA 98290-7640
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
$1,000,000
Warren K Jerden
Paul Deanne
Deed
related
—
Feb 21, 2023
$1,200,000
Pwd Properties LLC
Warren K Jerden
Warranty Deed
$1,000,000 · Warren Jerden
Jul 17, 2019
—
Jerden Warren
—
Deed
related
$315,000 · Columbia St Bk
Jun 5, 1998
$80,000
Warren Jerden
Swanson,bernard R & Verline M
Grant Deed
$70,000 · Seller
Jan 1, 1990
$45,000
Bernard R Swanson
Unknown
Grant Deed
—
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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