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Property profile & analytics
FOR SALE
Medical Office Space
7825 47Th Ave NE Marysville, WA 98270
Entity Owned
Free & Clear
Property ID
US90-1186149
No photos on file
For Sale
$1,750,000
7825 47Th Ave NE, Marysville, WA 98270
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
WOOD
Total area
6,065 SF
Lot
0.97 ac (42,253 SF)
Zoning code
R12 MFL
APN
30052100407900
UPID
US90-1186149
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
-
Jeffrey L Erwin D.D.S. Dental Office
-
Hixsondental Dental Office
-
Dr. Erhardt Dental Office
-
Marysville Dental Center Dental Office
-
Conn Patricia V DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.28M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.87M
Owner & transaction history
Axiomatic LLC
Axiomatic LLC
since 2025
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
R12 MFL · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+5.9%
Auto repair, garage
$2.5M
+4.6%
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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
$2,195,000
ML approach
$2,275,000
CAP Approach
CAP Return
Estimation
6%
$1,480,000
6.5%
$1,365,000
7%
$1,270,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,370,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,510,000
Change: +6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,480,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$2,150,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.70M (Dec 31 2020)
Last sale anchor
$1.70M
Dec 31 2020
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
$308 / 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
$9,048
Tax year 2023
Assessed value
$1,514,800
Assessed 2023
Previous assessed
$1,361,500
+11.3% YoY
Effective rate
0.60%
On assessed value
Assessed land
$588,700
Assessed improvement
$926,100
Land market value
$588,700
Improvement market value
$926,100
Total market value
$1,514,800
Applied tax rate
511.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1976
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
6,065 SF
Lot
0.97 ac (42,253 SF)
Zoning code
R12 MFL
APN
30052100407900
UPID
US90-1186149
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R12 MFL · Marysville, WA
Zoning R12 MFL · permitted uses
R12 MFL · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.2M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1976
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
Axiomatic LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1317 N 78TH ST, SEATTLE, WA 98103-4843
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
$1,625,000
Axiomatic LLC
Bowline 1 LLC
Warranty Deed
—
Aug 27, 2025
$1,140,000
4828 LLC
Bowline 1 LLC
Warranty Deed
—
Dec 31, 2020
$1,700,000
Bowline 1 LLC
Chares P Miller
Warranty Deed
$500,000 · Washington Trust Bank
Dec 31, 2020
—
Charles,c Miller Decease Trust
Deceased Charles C M Trust
Quit Claim Deed
related
—
May 21, 2020
—
Pilchuck Associates LLC
Miller Charles C Trust
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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