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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Outlet malls
7303 Bostian Rd Woodinville, WA 98072-6016
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-2886604
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2022
Construction
WOOD
Total area
14,612 SF
Lot
4.38 ac (190,793 SF)
APN
27052600303900
UPID
US90-2886604
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
-
Team Nelson Earthwork, Utilities & Concrete General Contractor Construction Company
-
Davidsen Excavating General Contractor Construction Company
-
Northwest Building Supplies, Inc. Building Supply Industrial Manufacturer
-
WoodString Garage Door Repair Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Jj Sabastian LLC · 6 yrs held
Jj Sabastian LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.3M
+0.4%
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 Woodinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodinville 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%
$3,430,000
6.5%
$3,170,000
7%
$2,940,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,255,000
Current use
WAREHOUSE, STORAGE
$4,270,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±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
$182 / 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
$63,957
Tax year 2023
Assessed value
$7,349,900
Assessed 2023
Previous assessed
$3,009,800
+144.2% YoY
Effective rate
0.87%
On assessed value
Assessed land
$5,048,400
Assessed improvement
$2,301,500
Land market value
$5,048,400
Improvement market value
$2,301,500
Total market value
$7,349,900
Applied tax rate
4,134.0000
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
2022
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
5
Stories
3
Total area
14,612 SF
Lot
4.38 ac (190,793 SF)
APN
27052600303900
UPID
US90-2886604
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$4.3M
RETAIL STORES Current
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
2022
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
5
Lot
4.38 ac
Current owner
From public records · entity-resolved
Jj Sabastian LLC
Entity
Mailing address
28120 87TH AVE SE, WOODINVILLE, WA 98072
Ownership since
2019
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
Nov 3, 2021
—
Jj Sabastian LLC
—
Deed
related
$9,253,274 · Banner Bank
Dec 31, 2019
$3,000,000
Jj Sabastian LLC
Scandia Business Park LLC
Special Warranty Deed
$4,280,000 · Banner Bank
Aug 15, 2018
—
Wirkkala Woodinville Prop LLC
—
Deed
related
$55,444,115 · Washington Tr Bk
Jul 20, 2016
—
Scandia Business Park LLC
—
Deed
related
$958,000 · Wells Fargo Bk
Mar 31, 2016
—
State Of Wa Dept & Transportation
Scandia Business Park LLC
Warranty Deed
—
—
—
Scandia Business Park LLC
—
Loan Modification
related
$958,000 · Wells Fargo Bk
—
—
Wirkkala Woodinville Prop LLC
—
Deed Of Trust
related
$55,444,115 · Washington Tr Bk
—
—
Scandia Business Park LLC
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bk/tx
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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