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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Retail space
7984 Fls SE Ave Snoqualmie, WA 98065-5168
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0494016
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
WOOD
Total area
1,490 SF
Lot
0.08 ac (3,600 SF)
Zoning code
BR2
APN
784920-0355
UPID
US90-0494016
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
-
Mini Treehouse Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
$402k
Blend (final)
Blend
$570k
Owner & transaction history
Fifteen Fifty LLC · 2 yrs held
Fifteen Fifty LLC
since 2023
Last sale
$554,942
7 recorded transactions
Zoning & alternative use
BR2 · Snoqualmie, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$760,000
+30.0%
Auto repair, garage
$685,000
+17.0%
Medical building
$590,000
+0.7%
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 Snoqualmie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snoqualmie 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
$600,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$445,000
6.5%
$410,000
7%
$380,000
Alternative Use
Use
Estimation
RETAIL STORES
$585,000
Current use
COMMERCIAL (GENERAL)
$760,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$685,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$590,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $555k (Oct 12 2023)
Last sale anchor
$555k
Oct 12 2023
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
$383 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$2,748
Tax year 2022
Assessed value
$312,900
Assessed 2022
Previous assessed
$312,900
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$63,000
Assessed improvement
$249,900
Land market value
$63,000
Improvement market value
$249,900
Total market value
$312,900
Applied tax rate
2,277.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
1,490 SF
Lot
0.08 ac (3,600 SF)
Zoning code
BR2
APN
784920-0355
UPID
US90-0494016
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BR2 · Snoqualmie, WAZoning BR2 · permitted uses
BR2 · Snoqualmie, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$685,000
MEDICAL BUILDING
Est. value
$590,000
OFFICE BUILDING
Est. value
$560,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1920
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Fifteen Fifty LLC
Entity
Mailing address
1550 REDMOND FALL CITY RD NE, REDMOND, WA 98053-5005
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2023
$554,942
Fifteen Fifty LLC
Eight Thousand And Two Falls LLC
Warranty Deed
$554,942 · Two Falls LLC
May 30, 2023
—
Dmitriy Bogomaz
—
Deed
related
$585,000 · Eight Thousand And Two LLC
Dec 18, 2018
—
Michael Kirkland
Kirkland,liliana
Quit Claim Deed
related
$250,000 · Banner Bank
Oct 19, 2007
$360,000
Michael Kirkland
James O Nelson
Warranty Deed
$288,000 · Washington Mutual Bank Fa
—
—
James O Nelson
—
Deed Of Trust
related
$28,868 · National Bank Alaska
—
—
James O Nelson
—
Deed Of Trust
related
$150,000 · National Bank Alaska
—
—
James O Nelson
—
Deed Of Trust
related
$134,530 · Wells Fargo Home Mortgage INC
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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