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Property profile & analytics
OFF-MARKET Estimated value $505,000
Retail space

616 Main St Sultan, WA 98294-0080

1,762 SF 0.21 ac lot Built 1917
Individually Owned 2-yr Hold Free & Clear
Property ID
US90-0303075
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1917
Construction WOOD
Total area 1,762 SF
Lot 0.21 ac (9,148 SF)
Zoning code UC
APN 27080500200500
UPID US90-0303075
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
$505k
CAP Approach CAP
$380k
Comparable Approach Comparable
$315k
Blend (final) Blend
$505k
Owner & transaction history
R Todd Elledge · 2 yrs held
R Todd Elledge
since 2024
Last sale
$502,500
6 recorded transactions
2024
$502,500
2000
$195,000
1994
$130,000
1989
$74,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
UC · Sultan, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Urban Center (UC) Zone. A. Purpose. The purpose of the Urban Center Zone is to provide a mixed-use downtown for high density residential, commercial, office, and other central business district functions supported by a full range of pedestrian-oriented activities and urban services to establish a close-knit urban center. "Mixed-use" zoning means zoning that…

Zone name Urban Center
General category UNKNOWN
Zone area 50.41 ac
Top alternative use upside
Auto repair, garage $765,000 +49.0%
Medical building $690,000 +34.1%
Office building $630,000 +22.5%
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