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Property profile & analytics
FOR SALE
Turn key restaurants
8731 Maltby Rd Snohomish, WA 98296
Entity Owned
~
Est. High Equity
Property ID
US90-0747910
For Sale
1 / 4
$23,055,437
8731 Maltby Rd, Snohomish, WA 98296
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1937
Construction
WOOD
Total area
8,944 SF
Lot
1.6 ac (69,696 SF)
Zoning code
SA
APN
27052400302500
UPID
US90-0747910
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
-
POP Electric Electrical Service General Contractor
-
Running Wild Spirit Department Store
-
Gary Prokash Plumbing and Fire Sprinkler Plumbing Service General Contractor
-
Acklus Hair Design Hair Salon Nail Salon
-
The Red Cup Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.32M
Blend (final)
Blend
$3.12M
Owner & transaction history
Snohomish County
Snohomish County
since 2025
6 recorded transactions
Zoning & alternative use
SA · Snohomish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Snohomish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snohomish 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
$3,065,000
ML approach
$2,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,635,000
Current use
AUTO REPAIR, GARAGE
$3,880,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.80M – $3.43M · ±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
$348 / 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
$17,653
Tax year 2023
Assessed value
$2,145,000
Assessed 2023
Previous assessed
$2,083,000
+3.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,416,200
Assessed improvement
$728,800
Land market value
$1,416,200
Improvement market value
$728,800
Total market value
$2,145,000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1937
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
2
Bathrooms
1
Total area
8,944 SF
Lot
1.6 ac (69,696 SF)
Zoning code
SA
APN
27052400302500
UPID
US90-0747910
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SA · Snohomish, WA
Zoning SA · permitted uses
SA · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snohomish. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1937
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Snohomish County
Entity
Mailing address
8731 MALTBY RD #1, SNOHOMISH, WA 98296-7926
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
213 Wld Moray Village LLC
—
Deed
related
$29,000,000 · Mechanics Bank
Oct 3, 2025
—
Snohomish County
Wv Holdings II LLC
Warranty Deed
—
Feb 13, 2025
$3,800,000
Wv Holdings II LLC
Ronald J Nardone
Warranty Deed
$1,500,000 · Ronald J Nardone Trust
Apr 22, 2024
$1,436,717
213 Wld Moray Village LLC
Pape Properties INC
Bargain & Sale Deed
—
Apr 22, 2024
$714,308
Pape Properties INC
213 Wld Moray Village LLC
Bargain & Sale Deed
—
Apr 4, 2023
$3,118,000
213 Wld Moray Village LLC
Ronald J Nardone
Warranty Deed
$1,400,000 · Ronald J Nardone Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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