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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Outlet malls
661 Frk SW Ave North Bend, WA 98045-8936
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0365844
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,200 SF
Lot
10.96 ac (477,417 SF)
Zoning code
IC
APN
092308-9010
UPID
US90-0365844
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
-
COACH Outlet (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Eddie Bauer Outlet Clothing Store
-
Nike Factory Store - North Bend (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
Eastside Investment Group LLC · 2 yrs held
Eastside Investment Group LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
IC · North Bend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Interchange Commercial (IC) Interchange Mixed Use (IMU) Business Park (BP) Employment Park (EP) Parks, Open Space and Public Facilities (POSPF) (Ord. 1824 § 5 (App. B), 2024; Ord. 1576 § 1, 2016: Ord. 1325 § 1 (part), 2008: Ord. 1256 § 1 (part), 2006: Ord. 1020 (part), 1997). 18.10.020 Zoning districts - Purposes. In addition to general purposes of the zonin…
Zone name
Interchange Commercial
General category
COMMERCIAL
Zone area
121.64 ac
Source
North Bend Municipal Code
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 North Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bend 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
$1,315,000
ML approach
$1,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.38M (Dec 29 2023)
Last sale anchor
$1.38M
Dec 29 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
$43 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$84,797
Tax year 2022
Assessed value
$9,878,100
Assessed 2022
Previous assessed
$9,878,100
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$7,161,200
Assessed improvement
$2,716,900
Land market value
$7,161,200
Improvement market value
$2,716,900
Total market value
$9,878,100
Applied tax rate
1,925.0000
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
32,200 SF
Lot
10.96 ac (477,417 SF)
Zoning code
IC
APN
092308-9010
UPID
US90-0365844
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IC · North Bend, WAZoning IC · permitted uses
IC · North Bend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Interchange Commercial (IC) Interchange Mixed Use (IMU) Business Park (BP) Employment Park (EP) Parks, Open Space and Public Facilities (POSPF) (Ord. 1824 § 5 (App. B), 2024; Ord. 1576 § 1, 2016: Ord. 1325 § 1 (part), 2008: Ord. 1256 § 1 (part), 2006: Ord. 1020 (part), 1997). 18.10.020 Zoning districts - Purposes. In addition to general purposes of the zoning title outlined in NBMC 18.02.020, zoning districts have the following respective purposes in subsections A, B, C, D, E, and F of this section. Chapter 18.13 NBMC describes overlay districts that apply to specific areas. A. Purposes - LDR and CLDR Districts. 1. Provide for neighborhoods of predominately single-family structures buildings at a gross density of four dwelling units per acre for LDR, with an allowance for cottage housing developments within the LDR of up to eight units per acre under limited circumstances subject to the provisions of Chapter 18.11 NBMC, Cottage Ordinance 1854, Exhibit A North Bend Municipal Code
Zone name
Interchange Commercial
General category
COMMERCIAL
Zone area
121.64 ac
Source
North Bend Municipal Code
Building & site characteristics
From public records
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
10.96 ac
Current owner
From public records · entity-resolved
Eastside Investment Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5519 STATE HWY 28TH E, SOAP LAKE, WA 98851-9729
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
—
Eastside Investment Group LLC
—
Deed
related
$11,547,976 · Optus Bank
Dec 29, 2023
$1,379,750
Eastside Investment Group LLC
Spg Finance II LLC
Special Warranty Deed
—
Oct 5, 2001
$22,740,350
Cpg Finance II LLC
Kpt Remic Loan LLC
Grant Deed
related
—
Jan 4, 1999
—
Kpt Remic Loan LLC
Fsa Properties INC
Grant Deed
related
—
May 23, 1994
—
S LP
Factory Stores A
Quit Claim Deed
related
—
Oct 3, 1989
—
S & F Washington Associates
R & R Properties
Grant Deed
related
—
Apr 20, 1989
$5,137,000
S Washington
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.
Try Rey
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