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Property profile & analytics
OFF-MARKET
Estimated value
$2,570,000
Drug stores
710 91st NE Ave Lake Stevens, WA 98258
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0392561
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2009
Construction
CONCRETE
Total area
14,891 SF
Lot
1.16 ac (50,530 SF)
Zoning code
SRC
APN
518000002202
UPID
US90-0392561
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
$3.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
State Of Washington · 4 yrs held
State Of Washington
since 2022
7 recorded transactions
Zoning & alternative use
SRC · Lake Stevens, 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 Lake Stevens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Stevens 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%
$3,585,000
6.5%
$3,310,000
7%
$3,070,000
Blend value · Realmo final
$2.57M
Range $2.31M – $2.83M · ±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
$173 / 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
$44,033
Tax year 2023
Assessed value
$4,914,000
Assessed 2023
Previous assessed
$4,839,500
+1.5% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,428,900
Assessed improvement
$3,485,100
Land market value
$1,428,900
Improvement market value
$3,485,100
Total market value
$4,914,000
Applied tax rate
408.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
14,891 SF
Lot
1.16 ac (50,530 SF)
Zoning code
SRC
APN
518000002202
UPID
US90-0392561
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SRC · Lake Stevens, WA
Zoning SRC · permitted uses
SRC · Lake Stevens, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Stevens. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
PO BOX 2308, SANTA ROSA, CA 95405-0308
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
State Of Washington
Rosehill Shopping Center LLC
Warranty Deed
—
Feb 13, 2020
$9,550,000
Rosehill Shopping Center LLC
Pepper Lane Quimby LLC
Grant Deed
—
May 1, 2013
$9,294,605
Pepper Lane-quimby LLC
Lake Stevens Financial Associa
Grant Deed
—
Oct 21, 2010
$7,276,697
Lake Stevens Finl Assocs LLC
Lake Stevens-northwest LLC
Grant Deed
$4,730,000 · Bank Of America
Oct 6, 2008
—
Lake Stevens-northwest LLC
—
Deed Of Trust
related
$6,210,000 · Pnc Bank
Jun 18, 2008
$570,000
Lake Stevens-northwest LLC
Carabello,tony
Warranty Deed
—
Feb 15, 2007
$350,000
Tony Carabello
Dunn,joceline
Warranty Deed
$350,000 · Frontier Bank
Feb 1, 1976
—
—
—
Quit Claim Deed
related
—
—
—
Joceline A Lervick
—
Deed Of Trust
related
$50,000 · Everett Mutual Savings Bank
—
—
Tony Carabello
—
Deed Of Trust
related
$60,887 · Frontier Bank
—
—
Tony Carabello
—
Deed Of Trust
related
$302,037 · Frontier Bank
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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