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    731 2nd St Snohomish, WA 98290-2914
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    Property profile & analytics

    731 2nd St Snohomish, WA 98290-2914

    View on Map
    • Office buildings
    • 2,835 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US90-1046175
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Greg Velasco / Real Estate Agency
    • Windermere Real Estate / Real Estate Agency
    • Realtor Snohomish, WA | Kobe McDaniel / Real Estate Agency
    • Todd Lipke / Real Estate Agency
    • Kevin Shinn, Windermere R.E./Snohomish Inc. / Real Estate Agency

    Property Details for 731 2nd St

    Year built
    2012
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    2,835 SF
    Zone code
    R6
    Property type
    Office buildings
    APN
    579401900801
    APU
    579401900801

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $900,000
      6.5%
      $830,000
      7%
      $770,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $510,000
      Market price range: $211k - $755k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,010,000
      Current use
      MEDICAL BUILDING
      $1,105,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $975,000
      Change: -4% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $860,000
      Change: -15% Conversion: Easy
      WAREHOUSE, STORAGE
      $820,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Snohomish
    County
    Snohomish
    State
    Washington
    Longitude
    -122.092
    Latitude
    47.9125
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,099
    $312,400
    $268,600
    $581,000
    -
    $312,400
    $268,600
    $581,000

    Comparable in this City

    • Value Estimation
      $3,920,000
      22,966 SF

      1826 Bickford Ave

      PROFESSIONAL BUILDING • 22,966 SF
      1826 Bickford Ave, Snohomish, WA 98290-1743
      View Details
    • Value Estimation
      $6,465,000
      34,600 SF

      1830 Bickford Ave

      PROFESSIONAL BUILDING • 34,600 SF
      1830 Bickford Ave, Snohomish, WA 98290-1749
      View Details
    • Value Estimation
      $785,000
      3,058 SF

      120 Ave A A

      PROFESSIONAL BUILDING • 3,058 SF
      120 Ave A A, Snohomish, WA 98290-2961
      View Details
    • Value Estimation
      $2,070,000
      12,050 SF

      1824 Bickford Ave

      PROFESSIONAL BUILDING • 12,050 SF
      1824 Bickford Ave, Snohomish, WA 98290-1752
      View Details
    • Value Estimation
      $3,045,000
      11,002 SF

      1924 Bickford Ave

      PROFESSIONAL BUILDING • 11,002 SF
      1924 Bickford Ave, Snohomish, WA 98290-1753
      View Details
    • Value Estimation
      $505,000
      2,680 SF

      1822 Bickford Ave Ste B

      PROFESSIONAL BUILDING • 2,680 SF
      1822 Bickford Ave Ste B, Snohomish, WA 98290-1733
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Highway 2 Visibility Land Parcel

      Land parcel with highway visibility, ideal for office use.
      14626 Roosevelt Rd, Snohomish, WA 98290
      View Details
    • $5,800,000
      19,502 SF

      Historic Building in Snohomish, WA

      Historic mixed-use building with retail and office space for sale.
      1024 1St St, Snohomish, WA 98290
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    • $2,300,000

      Snohomish Redevelopment Opportunity

      Redevelopment opportunity in the heart of historic Snohomish.
      119 Avenue B, Snohomish, WA 98290
      View Details
    • $575,000

      Downtown Snohomish Retail/Office Building

      High-profile building in downtown Snohomish, built in 2005.
      1301 1St St, Snohomish, WA 98290
      View Details
    • $2,300,000

      Snohomish Redevelopment Opportunity

      Redevelopment opportunity in the heart of historic downtown Snohomish.
      119 Avenue B, Snohomish, WA 98290
      View Details
    • $2,800,000

      Historic Snohomish NNN Investment Property

      100% leased, four-tenant NNN property in historic downtown Snohomish.
      1118 1St St, Snohomish, WA 98290
      View Details

    Similar Nearby for Lease

    • $1,063 /Mo
      427 SF

      Pilchuck Landing Retail/Office Space

      Retail, service, or office space available for lease.
      203 Cypress Ave, Snohomish, WA 98290
      View Details
    • $5,545 /Mo
      1,901 SF

      Downtown Snohomish Retail/Office Space

      Prime retail or office space in historic downtown Snohomish.
      1010 1St St, Snohomish, WA 98290
      View Details
    • $28 SF/Yr

      Historic Downtown Snohomish Office Space

      Professional office space in Snohomish's historic downtown.
      121 Avenue B, Snohomish, WA 98290
      View Details
    • $28 SF/Yr

      Historic Downtown Snohomish Office Space

      Professional office space in Snohomish's historic downtown.
      121 Avenue B, Snohomish, WA 98290
      View Details
    • $3,094 /Mo
      2,184 SF

      Snohomish Office Space Available

      2,184 SF office space for lease in Snohomish.
      1205 Avenue D, Snohomish, WA 98290
      View Details
    • $1,960 /Mo
      840 SF

      Retail Space in Historic District

      Prime commercial location with renovated interior and ample parking.
      121 Avenue B, Snohomish, WA 98290
      View Details
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    731 2nd St
    Snohomish, WA 98290-2914
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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