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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Outlet malls
8805 206th SE St, Snohomish, WA 98296-7982
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-1778968
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1987
Construction
WOOD
Total area
1,880 SF
Lot
2.97 ac (129,373 SF)
Zoning code
IP
APN
27052400301400
UPID
US90-1778968
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
-
Pacific Turf & Tree Care Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
$577k
Blend (final)
Blend
$520k
Owner & transaction history
Pacific Land Ents LLC · 19 yrs held
Pacific Land Ents LLC
since 2007
5 recorded transactions
Zoning & alternative use
IP · Snohomish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+22.4%
Medical building
$735,000
+10.2%
Office building
$670,000
+0.7%
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
by Request
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$440,000
6.5%
$410,000
7%
$380,000
Alternative Use
Use
Estimation
RETAIL STORES
$665,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$735,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$570,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$545,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$277 / 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
$19,523
Tax year 2023
Assessed value
$2,175,500
Assessed 2023
Previous assessed
$1,571,500
+38.4% YoY
Effective rate
0.90%
On assessed value
Assessed land
$2,126,400
Assessed improvement
$49,100
Land market value
$2,126,400
Improvement market value
$49,100
Total market value
$2,175,500
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
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Rooms
5
Bathrooms
2
Total area
1,880 SF
Lot
2.97 ac (129,373 SF)
Zoning code
IP
APN
27052400301400
UPID
US90-1778968
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IP · Snohomish, WA
Zoning IP · permitted uses
IP · 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
RETAIL STORES Current
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$815,000
MEDICAL BUILDING
Est. value
$735,000
OFFICE BUILDING
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$570,000
WAREHOUSE, STORAGE
Est. value
$545,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
2.97 ac
Current owner
From public records · entity-resolved
Pacific Land Ents LLC
Entity
Mailing address
7345 164TH AVE NE, REDMOND, WA 98052-7846
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2021
—
Pacific Land Enterprises LLC
—
Deed
related
$750,000 · Key Bank NA
Jun 16, 2016
—
Pacific Land Ents LLC
—
Deed
related
$1,240,000 · Keybank USA
Jun 28, 2007
$1,450,000
Pacific Land Ents LLC
Hawes,patrick A & Janet C
Warranty Deed
$586,800 · Key Bank NA
—
—
Pacific Land Ents LLC
—
Deed Of Trust
related
$1,240,000 · Keybank USA
—
—
Pacific Land Ents LLC
—
Deed Of Trust
related
$606,000 · Rural Housing & Community Dev
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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