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Property profile & analytics
OFF-MARKET Estimated value $21,740,000
Investment properties

7650 27th St Mercer Island, WA 98040-3060

147,450 SF 1.78 ac lot Built 2005
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US90-1437620
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2005
Construction CONCRETE
Total area 147,450 SF
Lot 1.78 ac (77,378 SF)
Zoning code TC
APN 531510-1491
UPID US90-1437620
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
  • Luxurybyr'Ade Clothing Store African Goods Store
  • Six Walls Interior Design Home Decor Store
  • Judy Frounfelter Physician
  • Andy Hsu Physician
  • April Johnson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$26.54M
Blend (final) Blend
$21.74M
Owner & transaction history
Mercer Landmark LLC · 21 yrs held
Mercer Landmark LLC
since 2005
5 recorded transactions
2024
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
TC · Mercer Island, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

19.04.030 Town Center district - TC. Repealed by Ord. 02C-04. (Ord. 99C-13 § 1). 19.04.040 Parking requirements. A. The following parking requirements apply to all uses in the C-O and B zones and to all nonresidential uses in the PBZ zone. B. General Requirements. 1. Surfacing and Grading. All off-street parking areas shall be graded and surfaced to a standa…

Zone name Town Center
General category UNKNOWN
Zone area 77.74 ac
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