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    Property profile & analytics

    7823 28th St Mercer Island, WA 98040-2902

    • Grocery and convenience stores
    • 30,530 SF
    • 2.04 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-0858280
    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.

    Current Use by Public Records

    • Starbucks / Espresso Bar / Coffee Shop
    • Murray's Cheese / Cheese Shop
    • QFC / Cheese Shop / Liquor Store
    • Limitless Garage Door Repair / Garage Door Supplier
    • Coinstar Kiosk | Bitcoin ATM / Currency Exchange Service / Kiosk

    Property Details for 7823 28th St

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.04 lot acres
    Property size
    30,530 SF
    Zone code
    TC
    Property type
    Grocery and convenience stores
    APN
    531510-1185
    APU
    5315101185

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mercer Island
    County
    King
    State
    Washington
    Longitude
    -122.233
    Latitude
    47.585
    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
    2022
    $108,720
    $17,734,400
    $1,000
    $17,735,400
    -
    $17,734,400
    $1,000
    $17,735,400

    Comparable in this City

    • Value Estimation by Request
      37,076 SF

      2755 77th SE Ave

      GROCERY, SUPERMARKET • 37,076 SF
      2755 77th SE Ave, Mercer Island, WA 98040-2811
      View Details
    • Value Estimation by Request
      2,285 SF

      2903 78th SE Ave

      CONVENIENCE STORE • 2,285 SF
      2903 78th SE Ave, Mercer Island, WA 98040-2820
      View Details
    • Value Estimation by Request
      31,440 SF

      8421 68th St

      GROCERY, SUPERMARKET • 31,440 SF
      8421 68th St, Mercer Island, WA 98040-5235
      View Details
    • Value Estimation by Request
      8,000 SF

      8411 68th St

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      8411 68th St, Mercer Island, WA 98040
      View Details
    • Value Estimation by Request
      9,231 SF

      2825 Mercer Way

      GYM, HEALTH SPA • 9,231 SF
      2825 Mercer Way, Mercer Island, WA 98040-2536
      View Details
    • Value Estimation
      $875,000
      2,128 SF

      2827 80th SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,128 SF
      2827 80th SE Ave, Mercer Island, WA 98040-2913
      View Details

    Similar Nearby for Sale

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      Desirable Lot with Lake Views

      Rare opportunity to build on a nearly half-acre lot.
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      Expansive lot near Pioneer Park with preliminary home plans.
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      Light-filled end-unit studio in the heart of Mercer Island.
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      Mercer Island Mixed-Use Development Site

      Prime 0.44-acre site near future light rail.
      3003 Island Crest Way, Mercer Island, WA 98040
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    Similar Nearby for Lease

    • $32 SF/Yr
      5,900 SF

      Mercer Island Retail Space Available

      Retail space in busy shopping center with ample parking.
      8451 Southeast 68Th St, Mercer Island, WA 98040
      View Details
    • Contact for pricing
      1,286 SF

      Mercer Island Retail/Restaurant Space

      New mixed-use development with retail/restaurant space in Mercer Island.
      2750 77Th Ave SE, Mercer Island, WA 98040
      View Details
    • $39 SF/Yr
      770 SF

      Mercer Island Retail Space Available

      Retail space available in Mercer Island, Washington.
      2630 77Th Ave SE, Mercer Island, WA 98040
      View Details
    • $37 SF/Yr
      580 SF

      Mercer Island Retail Space Available

      Retail space in open-air center, Downtown Mercer Island.
      7633-7679 SE 27Th St, Mercer Island, WA 98040
      View Details
    • $37 SF/Yr
      3,017 SF

      Mercer Island Retail Spaces Available

      Prime retail space, multiple units, excellent location.
      7633 27Th St, Mercer Island, WA 98040
      View Details
    • $32 SF/Yr
      5,028 SF

      Mercer Island Class A Office

      Class A office space in the heart of Mercer Island.
      2758 78Th Ave SE, Mercer Island, WA 98040
      View Details

    Property Visit Statistics

    • Visits by month
      74.0k
    • Visitors by month
      32.0k
    • Avg Time on site
      18 min
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    7823 28th St
    Mercer Island, WA 98040-2902
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    Realmo Value Estimation

    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.

    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.

    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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