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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail space
901 1st St Snohomish, WA 98290-2982
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3365973
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
WOOD
Total area
4,368 SF
Lot
0.1 ac (4,356 SF)
Zoning code
HB
APN
579500400704
UPID
US90-3365973
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
-
Wendy Bremer Real Estate Agency
-
Simply Elegant Spa & Salon Alternative Medicine Practice Spa & Massage Center
-
Mariposa Day Spa Alternative Medicine Practice Spa & Massage Center
-
CMG Homeloans Loan Service Bank
-
TANYA MOCK Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$700k
Owner & transaction history
First Street Partners LLC · 5 yrs held
First Street Partners LLC
since 2020
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
HB · Snohomish, WA
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
$710,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $550k (Aug 10 2020)
Last sale anchor
$550k
Aug 10 2020
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
$160 / 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
$10,522
Tax year 2023
Assessed value
$1,200,000
Assessed 2023
Previous assessed
$1,133,000
+5.9% YoY
Effective rate
0.88%
On assessed value
Assessed land
$276,400
Assessed improvement
$923,600
Land market value
$276,400
Improvement market value
$923,600
Total market value
$1,200,000
Applied tax rate
735.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
4,368 SF
Lot
0.1 ac (4,356 SF)
Zoning code
HB
APN
579500400704
UPID
US90-3365973
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HB · Snohomish, WAZoning HB · permitted uses
HB · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ord 2296 Development Code
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
First Street Partners LLC
Entity
Mailing address
PO BOX 1429, SNOHOMISH, WA 98291-1429
Ownership since
2020
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
Aug 10, 2020
$1,200,000
First Street Partners LLC
901 First Street LLC
Warranty Deed
$600,000 · 901 First Street LLC
Mar 6, 2013
$550,000
901 First Street LLC
Mardini,zouhair
Warranty Deed
—
Mar 4, 2010
—
Zouhair Mardini
—
Deed Of Trust
related
$1,900,000 · First Heritage Bank
Jun 9, 2008
—
Zouhair Mardini
—
Trustees Deed
related
$1,164,294 · First Heritage Bank
Oct 21, 2005
—
Zouhair Mardini
Mardini,faten
Quit Claim Deed
related
—
Oct 21, 2005
$385,000
Zouhair Mardini
Bauman,w B & Lou A V
Warranty Deed
$288,750 · First Heritage Bank
Sep 30, 2002
$269,806
Bauman W B Ann
Moen,roger D & Teresa A
Trustees Deed
—
Nov 30, 1999
$260,000
Roger D Moen
Bauman,w B & Lou A
Grant Deed
$221,000 · Seller
Nov 1, 1991
$230,000
—
—
Grant Deed
related
$179,400 · Seller
—
—
Zouhair M Mardini
—
Deed Of Trust
related
$125,000 · First Heritage 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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