Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Office buildings
9516 State Ave Marysville, WA 98270-2277
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-0821927
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1989
Construction
WOOD
Total area
6,096 SF
Lot
0.62 ac (27,007 SF)
Zoning code
M4
APN
30051600302500
UPID
US90-0821927
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
-
Anthony S. Johns, MPT Physician
-
Vision Plus in Marysville - Dr. Jake D. Kent, O.D. Physician
-
Skagit Regional Health - Marysville Physician
-
Susan Roh, OD Physician
-
Spillane Rachel OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.52M
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.85M
Owner & transaction history
Kenneth R Winett · 4 yrs held
Kenneth R Winett
since 2021
Last sale
$1.9M
1 recorded transaction
Zoning & alternative use
M4 · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+16.6%
Auto repair, garage
$2.5M
+15.2%
Medical building
$2.4M
+10.1%
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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
$2,520,000
CAP Approach
CAP Return
Estimation
6%
$1,930,000
6.5%
$1,780,000
7%
$1,655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,160,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,520,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,490,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$2,380,000
Change: +10% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,850,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$1,760,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $1.93M (Dec 1 2021)
Last sale anchor
$1.93M
Dec 1 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
$303 / 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
$6,964
Tax year 2023
Assessed value
$1,165,600
Assessed 2023
Previous assessed
$1,062,200
+9.7% YoY
Effective rate
0.60%
On assessed value
Assessed land
$537,700
Assessed improvement
$627,900
Land market value
$537,700
Improvement market value
$627,900
Total market value
$1,165,600
Applied tax rate
511.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
6,096 SF
Lot
0.62 ac (27,007 SF)
Zoning code
M4
APN
30051600302500
UPID
US90-0821927
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M4 · Marysville, WA
Zoning M4 · permitted uses
M4 · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL 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
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Kenneth R Winett
Individual
Free & Clear · 4 yrs held
Mailing address
4325 HARRISON GRADE RD, SEBASTOPOL, CA 95472-9719
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
$1,925,000
Kenneth R Winett
State Street Medical Building Prtnr
Warranty Deed
—
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?”
You own 9516 State Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
