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Property profile & analytics
OFF-MARKET
Estimated value
$8,000,000
Outlet malls
6404 216th SW St Mountlake Terrace, WA 98043-2082
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1389025
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
32,942 SF
Lot
2.3 ac (100,188 SF)
Zoning code
LI/OP
APN
672100000400
UPID
US90-1389025
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
-
CORT Events Marketing & Advertising Event Planning
-
Numotion Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.00M
CAP Approach
CAP
$7.14M
Comparable Approach
Comparable
$7.41M
Blend (final)
Blend
$8.00M
Owner & transaction history
Eagleco LLC · 2 yrs held
Eagleco LLC
since 2024
Last sale
$8.0M
5 recorded transactions
Zoning & alternative use
LI/OP · Mountlake Terrace, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.9M
+34.1%
Office building
$11.8M
+22.5%
Commercial (general)
$10.0M
+4.1%
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 Mountlake Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountlake Terrace 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
$8,000,000
ML approach
$8,000,000
CAP Approach
CAP Return
Estimation
6%
$7,735,000
6.5%
$7,140,000
7%
$6,630,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,590,000
Current use
MEDICAL BUILDING
$12,860,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$11,750,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,985,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$9,515,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$8.00M
Range $7.20M – $8.80M · ±10% · vs last sale $8.00M (Apr 12 2024)
Last sale anchor
$8.00M
Apr 12 2024
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
$243 / 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
$49,224
Tax year 2023
Assessed value
$6,892,000
Assessed 2023
Previous assessed
$5,221,000
+32.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$3,081,700
Assessed improvement
$3,810,300
Land market value
$3,081,700
Improvement market value
$3,810,300
Total market value
$6,892,000
Applied tax rate
610.0000
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
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
32,942 SF
Lot
2.3 ac (100,188 SF)
Zoning code
LI/OP
APN
672100000400
UPID
US90-1389025
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI/OP · Mountlake Terrace, WA
Zoning LI/OP · permitted uses
LI/OP · Mountlake Terrace, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountlake Terrace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$12.9M
OFFICE BUILDING
Est. value
$11.8M
COMMERCIAL (GENERAL)
Est. value
$10.0M
WAREHOUSE, STORAGE
Est. value
$9.5M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
2.3 ac
Current owner
From public records · entity-resolved
Eagleco LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 5003, LYNNWOOD, WA 98046-5003
Ownership since
2024
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
Apr 12, 2024
$8,000,000
Eagleco LLC
Mtw 6404 LLC
Bargain And Sale Deed
—
Jun 30, 2017
$4,525,000
Mtw-6404 LLC
Terrace 6404 LLC
Warranty Deed
—
Jun 28, 1996
—
Terrace Property Ptshp
—
Deed Of Trust
related
$1,550,000 · Ohio National Life Insurance
—
—
Terrace Property Partnership
—
Deed Of Trust
related
$200,000 · Dickson Trust
—
—
Terrace Property Partnership
—
Deed Of Trust
related
$200,000 · Individual
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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