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Property profile & analytics
OFF-MARKET Estimated value $1,420,000
Retail space

8411 68th St Mercer Island, WA 98040

8,000 SF 3.48 ac lot Built 1962
Entity Owned 26-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-0167120
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,000 SF
Lot 3.48 ac (151,497 SF)
Zoning code PBZ
APN 302405-9225
UPID US90-0167120
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.41M
Blend (final) Blend
$1.42M
Owner & transaction history
Mercer Village LLC · 26 yrs held
Mercer Village LLC
since 2000
4 recorded transactions
2005
Price N/A
2000
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PBZ · Mercer Island, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

19.04.010 Planned business zone - PBZ. 19.04.020 Commercial offices. 19.04.030 Repealed. 19.04.040 Parking requirements. 19.04.050 Business - B. 19.04.010 Planned business zone - PBZ. A. The purpose of the planned business zone (PBZ) is to provide a location for a mix of small scale, neighborhood oriented busi- ness, office, service, public and residential u…

Zone name Planned Business Zone
General category COMMERCIAL
Zone area 12.97 ac
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