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Property profile & analytics
OFF-MARKET Estimated value $1,890,000
Warehouses

8501 68th St Mercer Island, WA 98040-5200

8,088 SF 1.98 ac lot Built 2000
Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-0818754
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,088 SF
Lot 1.98 ac (86,042 SF)
Zoning code PBZ
APN 302405-9168
UPID US90-0818754
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
  • Mercer Island Garage Door Repair Building Supply General Contractor
  • Fake Mercer Island Garage Door Repair Building Supply General Contractor
  • Eurobody Massage Therapy of Mercer Island Alternative Medicine Practice Spa & Massage Center
  • Tatiana A. Ryanlmp, LMP Alternative Medicine Practice Spa & Massage Center
  • Storage Court of Mercer Island Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.33M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.89M
Owner & transaction history
Dtorage Court LLC · 28 yrs held
Dtorage Court LLC
since 1998
5 recorded transactions
2000
Price N/A
1998
$500,000
1998
$800,000
1988
$1.2M
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19.04.010 Planned business zone - PBZ. 19.04.020 Commercial offices. 19.04.030 Repealed. 19.04.040 Parking requirements. 19.04.050 Business - B. 19.04.010 Planned business zone - PBZ.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
Top alternative use upside
Industrial (general) $3.1M +32.9%
Office building $3.1M +31.4%
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