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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Retail properties & Spaces
8718 270th NW St Stanwood, WA 98292-9540
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1109360
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1962
Construction
WOOD
Total area
6,072 SF
Lot
0.37 ac (16,117 SF)
Zoning code
MB1
APN
32041900307300
UPID
US90-1109360
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
$1.49M
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
North Cascade Eye Associates Ps · 4 yrs held
North Cascade Eye Associates Ps
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
MB1 · Stanwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
2024 09 30 ZoningMap
Top alternative use upside
Office building
$2.2M
+22.5%
Commercial (general)
$1.8M
+4.1%
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 Stanwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stanwood 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
$1,420,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
$1,425,000
6.5%
$1,315,000
7%
$1,220,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,770,000
Current use
OFFICE BUILDING
$2,165,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,840,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$1,755,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.23M (Jul 6 2021)
Last sale anchor
$1.23M
Jul 6 2021
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
$220 / 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
$8,909
Tax year 2023
Assessed value
$1,104,500
Assessed 2023
Previous assessed
$692,000
+59.6% YoY
Effective rate
0.81%
On assessed value
Assessed land
$359,500
Assessed improvement
$745,000
Land market value
$359,500
Improvement market value
$745,000
Total market value
$1,104,500
Applied tax rate
758.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
6,072 SF
Lot
0.37 ac (16,117 SF)
Zoning code
MB1
APN
32041900307300
UPID
US90-1109360
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MB1 · Stanwood, WAZoning MB1 · permitted uses
MB1 · Stanwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2024 09 30 ZoningMap
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.8M
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
1962
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
North Cascade Eye Associates Ps
Entity
Mailing address
2100 LITTLE MTN LN, MOUNT VERNON, WA 98274-8752
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2025
—
Vernier Holdings LLC
—
Deed
related
$1,199,000 · Peoples Bank
Nov 3, 2021
—
North Cascade Eye Associates Ps
Vernier Holdings LLC
Lease
—
Nov 2, 2021
—
Vernier Holdings LLC
—
Deed
related
$602,000 · Northwest Business Development Associati
Jul 6, 2021
$1,225,000
Vernier Holdings LLC
Blank Properties LLC
Warranty Deed
$739,000 · Peoples Bank
Feb 16, 2017
—
Blank Properties LLC
—
Deed
related
$686,529 · Heritage Bank
Dec 3, 2007
—
Blank Properties LLC
—
Trustees Deed
related
$534,933 · Whidbey Island Bank
Jul 31, 2007
$392,000
Blank Properties LLC
Gogal,patrick A & Michelle M
Warranty Deed
$248,115 · Whidbey Island Bank
May 4, 2007
—
Patrick A Gogal
Pgr Pro INC
Quit Claim Deed
related
—
Jan 20, 2006
—
Pgr Pro INC
Professional Builders
Quit Claim Deed
related
$360,000 · City Bank
Feb 6, 2004
—
Patrick A Gogal
Stanwood City (wa)
Grant Deed
$350,000 · Stanwood City (wa)
—
—
Blank Properties LLC
—
Deed Of Trust
related
$398,000 · Northwest Busn Dev Assn
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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