OFF-MARKET
Outlet malls
Property ID
US90-1389025
Entity Owned Owner of record is a legal entity (LLC / corporation).
2-yr Hold Held for 2 years.
Free & Clear No active or open recorded mortgage detected.
Entity Owned Ownership intelligence
Who controls the opportunity?
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Can we reach the decision maker?
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
What is owed, to whom, and when it comes due
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
What does the county charge?
$49k
Tax billed · 2023
Assessed value$6.89M
Assessed land$3.08M
Assessed improvement$3.81M
Effective rate0.71%
Value estimate
· Sep 2026$8.00M
$7.20M – $8.80M
AI approach$8.00M
CAP approach$7.14M
Sales comparison$7.41M
Realmo valuation models over county records.
Recently sold
What actually traded nearby?
$291/SF
County average, outlier-cleaned · 234 recorded sales of this use type
Observed band · Q1–Q3$150 – $489
Cap rate analysis
How does the asset earn?
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
What can be built here?
LI/OP
LI/OP) district lying north of 220th Street Southwest, as depicted on the Official Zoning Map as "S.O.A.B.", in addition to the zoning re...
General categoryINDUSTRIAL
JurisdictionSNOHOMISH
Location intelligence
Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.8
Storage Facility16.3
Clothing Store14.4
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
✓ County assessor
✓ Recorded deeds · 5 transfers
– Comp sales · not on file
✓ Zoning catalog
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.00M
Value range
$7.20M – $8.80M
±10% around blend
Estimated value / SF
$243 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$7.20M
blend $8.00M
$8.80M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
32,942 SF
Lot area
2.3 ac
Year built
1996
Stories
2
APN
672100000400
Zoning
LI/OP
Assessed value · 2023
$6,892,000
Annual tax · 2023
$49,224
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.14M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.74M
@ 6.5% CAP return
$7.14M
@ 7% CAP return
$6.63M
4
Sales comparison
Partial preview
Sales approach indication
$7.41M
Range $4.95M – $16.10M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.00M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)
Average
Subject delta
County 234 sales
$291
-17%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $243/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+34%
vs current use, $9.59M
Office Building
Commercial (general)
Retail Stores · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
5.80%
Implied, in-place cap rate for this outlet malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.80%
9.0%
NOI (est.)
$560k *
Last sale · Apr 2024
$8.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.66M
Move the market yield to see immediate price impact.
Value / SF
$293
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.30%5.80%6.30%
$504k
$9.51M
$8.69M
$8.00M
$560k
$10.57M
$9.66M
$8.89M
$616k
$11.62M
$10.62M
$9.78M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Building & 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
Property tax & assessments
Tax year 2023
Tax billed
$49,224
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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
Jurisdiction
Mountlake Terrace, WA
Recorded code
LI/OP
Category
INDUSTRIAL
Official district
LI/OP
Codes and permitted uses for this address
Registration is required before the official district profile is shown.
Official district profile
What the municipal code says about LI/OP
Zoning description
LI/OP) district lying north of 220th Street Southwest, as depicted on the Official Zoning Map as "S.O.A.B.", in addition to the zoning regulations specified in the underlying zone (LI/OP), in order to designate where sex…
General category
INDUSTRIAL
Owner Contacts
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Mortgages · part of Ownership Intelligence
See what the owner owes, and when it comes due.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
What opens after registration
Ownership report
Recorded loansLender, amount and origination for every instrument
Estimated maturityWhen the debt comes due and the refi window opens
Rates & liensRecorded or estimated rate, junior liens flagged
CollateralWhich holding secures each loan - this property marked
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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