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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Specialty properties
69805 Snoqualmie Pass Smt Rd North Bend, WA 98045
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1704363
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1960
Construction
CONCRETE
Total area
22,578 SF
Lot
220.44 ac (9,602,445 SF)
Zoning code
F
APN
042211-9001
UPID
US90-1704363
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.45M
Owner & transaction history
Ski Lifts INC · 8 yrs held
Ski Lifts INC
since 2018
7 recorded transactions
Zoning & alternative use
F · North Bend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
North Bend Municipal Code
Top alternative use upside
Retail stores
$2.4M
+65.9%
Commercial (general)
$2.3M
+60.9%
Apartment house (5+ units)
$2.1M
+47.1%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$1,445,000
Current use
RETAIL STORES
$2,395,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,325,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,125,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,910,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10%
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
$64 / 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
$10,494
Tax year 2022
Applied tax rate
6,683.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
HOT WATER
Buildings
11
Stories
3
Total area
22,578 SF
Lot
220.44 ac (9,602,445 SF)
Zoning code
F
APN
042211-9001
UPID
US90-1704363
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
F · North Bend, WAZoning F · permitted uses
F · North Bend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
North Bend Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$1.4M
RETAIL STORES
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1960
Construction
CONCRETE
Heating
HOT WATER
Stories
3
Buildings
11
Lot
220.44 ac
Current owner
From public records · entity-resolved
Ski Lifts INC
Entity
Mailing address
PO BOX 1068, SNOQUALMIE PASS, WA 98068-1068
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
—
Ski Lifts INC
—
Deed
related
$100,000,000 · Wells Fargo Bank NA
Jun 24, 2020
—
Ski Lifts INC
—
Deed
related
$50,000,000 · Wells Fargo Bk
May 21, 2020
—
Ski Lifts INC
—
Deed
related
$580,000,000 · Wilmington Tr NA
Jul 3, 2019
—
Ski Lifts INC
—
Loan Modification
related
$460,000,000 · Wilmington Tr
May 18, 2018
$24,841,479
Ski Lifts INC
Clp Snoqualmie LLC
Grant Deed
$400,000,000 · Wilmington Tr
May 5, 2017
$677,348
Clp Snoqualmie LLC
Clp Snoqualmie Trs Corp
Quit Claim Deed
related
$251,037,977 · Private Individual
—
—
Ski Lifts INC
—
Loan Modification
related
$50,000,000 · Wells Fargo Bk
—
—
Ski Lifts INC
—
Loan Modification
related
$580,000,000 · Wilmington Tr NA
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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