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Property profile & analytics
OFF-MARKET Estimated value $9,200,000
Retail space

7707 27th St Mercer Island, WA 98040-2844

37,488 SF 1.74 ac lot Built 1962
Entity Owned 30-yr Hold Absentee Owner Free & Clear
Property ID
US90-1448445
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 37,488 SF
Lot 1.74 ac (75,794 SF)
Zoning code TC
APN 531510-1275
UPID US90-1448445
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
  • COVID-19 Drive-Thru Testing at Walgreens Pharmacy
  • FedEx OnSite Postal Service Courier Service
  • Cleaners Plus One (Bike/Boat/Book/etc) Store
  • The Dermatology Clinic Medical Clinic Skin Care Clinic
  • Kyle Garton Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.32M
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.20M
Owner & transaction history
Mercer Island Shopping Ctr LLC · 30 yrs held
Mercer Island Shopping Ctr LLC
since 1996
3 recorded transactions
1996
Price N/A
1993
$104,400
1991
$261,000
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 Repealed by Ord. 02C-04.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
Top alternative use upside
Medical building $14.8M +0.7%
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