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Property profile & analytics
OFF-MARKET
Retail space
621 Bch Ave Marysville, WA 98270-4527
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0493612
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1906
Construction
WOOD
Total area
1,898 SF
Lot
0.25 ac (10,890 SF)
Zoning code
M4
APN
585500400005
UPID
US90-0493612
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
-
Dr. Joseph Hong Alternative Medicine Practice
-
Sandra M Scovel Alternative Medicine Practice
-
Life Impact Chiropractic Clinic Alternative Medicine Practice Spa & Massage Center
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
Joseph S Hong · 16 yrs held
Joseph S Hong
since 2010
7 recorded transactions
Zoning & alternative use
M4 · Marysville, 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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,113
Tax year 2023
Assessed value
$521,800
Assessed 2023
Previous assessed
$403,000
+29.5% YoY
Effective rate
0.60%
On assessed value
Assessed land
$320,400
Assessed improvement
$201,400
Land market value
$320,400
Improvement market value
$201,400
Total market value
$521,800
Applied tax rate
511.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1906
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
2
Rooms
6
Bathrooms
1
Total area
1,898 SF
Lot
0.25 ac (10,890 SF)
Zoning code
M4
APN
585500400005
UPID
US90-0493612
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M4 · Marysville, WA
Zoning M4 · permitted uses
M4 · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1906
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Joseph S Hong
Individual
Mailing address
621 BCH AVE, MARYSVILLE, WA 98270-4527
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2010
$295,000
Joseph S Hong
Beach Street Properties LLC
Warranty Deed
$289,656 · Golf Savings Bank
Sep 17, 2008
—
Beach Street Properties LLC
621 Beach Street Prop LLC
Quit Claim Deed
related
—
Aug 29, 2007
—
621 Beach Street Property LLC
Caskey,david O
Quit Claim Deed
related
—
Mar 30, 2007
$325,000
David O Caskey
Vendl,richard L
Warranty Deed
$260,000 · Ctx Mortgage Co
Jan 11, 1995
$127,500
—
Walker,david W &
Grant Deed
related
$114,750 · Us Home Loan
—
—
Richard L Vendl
—
Deed Of Trust
related
$116,418 · Watermark Financial Partners
—
—
Richard L Vendl
—
Deed Of Trust
related
$117,929 · Watermark Financial Partners
—
—
Richard L Vendl
—
Deed Of Trust
related
$120,246 · Western Sunrise Mortgage Corp
—
—
Richard L Vendl
—
Deed Of Trust
related
$59,300 · Us Small Business Admn
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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