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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Outlet malls
8611 216th SE St Woodinville, WA 98072-8080
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-0454595
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
5,000 SF
Lot
2.03 ac (88,427 SF)
Zoning code
SG
APN
794300000300
UPID
US90-0454595
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
-
Reliakor Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Iqbal Family Holdings LLC · 18 yrs held
Iqbal Family Holdings LLC
since 2007
7 recorded transactions
Zoning & alternative use
SG · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+22.5%
Commercial (general)
$1.5M
+4.1%
Warehouse, storage
$1.5M
+0.4%
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 Woodinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodinville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,455,000
Current use
OFFICE BUILDING
$1,785,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,515,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,460,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10%
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
$217 / 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
$25,416
Tax year 2023
Assessed value
$3,026,100
Assessed 2023
Previous assessed
$2,010,600
+50.5% YoY
Effective rate
0.84%
On assessed value
Assessed land
$2,669,400
Assessed improvement
$356,700
Land market value
$2,669,400
Improvement market value
$356,700
Total market value
$3,026,100
Applied tax rate
3,992.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
5,000 SF
Lot
2.03 ac (88,427 SF)
Zoning code
SG
APN
794300000300
UPID
US90-0454595
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SG · Woodinville, WA
Zoning SG · permitted uses
SG · Woodinville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodinville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1997
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
2.03 ac
Current owner
From public records · entity-resolved
Iqbal Family Holdings LLC
Entity
Mailing address
20607 STATE RTE 9TH SE, SNOHOMISH, WA 98296-8316
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2023
—
Iqbal Family Holdings LLC
—
Deed
related
$1,000,000 · Peoples Bank
Nov 27, 2017
—
Iqbal Family Holdigs LLC
—
Deed
related
$1,102,500 · Umpqua Bank
Oct 26, 2007
$1,762,805
Iqbal Family Holdings LLC
Wilton Family Partnership LP
Warranty Deed
$1,320,000 · Wells Fargo Bank NA
Jun 29, 2001
$926,640
Wilton Family Partnership LP
Antoncich Family LLC
Grant Deed
$479,476 · City Bank
Mar 17, 1998
—
Antoncich Family LLC
Antoncich,mark & Bonnie
Quit Claim Deed
related
$507,815 · Towne Bank
Apr 24, 1997
—
Mark Antoncich
—
Grant Deed
related
$485,500 · Towne Bank
Jun 1, 1991
$221,307
Mark Antoncich JR.
Unknown
Grant Deed
$219,093 · Seller
—
—
Wilton Family Ptshp
—
Deed Of Trust
related
$961,508 · City Bank
—
—
Antoncich Family LLC
—
Deed Of Trust
related
$40,000 · Towne Bank
—
—
Antoncich Family LLC
—
Deed Of Trust
related
$200,000 · Towne Bank
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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