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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Commercial real estate
9525 4th NE St Lake Stevens, WA 98258-1631
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1096971
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1942
Construction
WOOD
Total area
1,720 SF
Lot
0.14 ac (6,200 SF)
Zoning code
SRC
APN
876700000100
UPID
US90-1096971
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
$705k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$645k
Blend (final)
Blend
$545k
Owner & transaction history
Shawn Simmons · 5 yrs held
Shawn Simmons
since 2020
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
SRC · Lake Stevens, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$640,000
+58.1%
Auto repair, garage
$605,000
+49.2%
Office building
$580,000
+43.3%
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 Lake Stevens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Stevens 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
$705,000
CAP Approach
CAP Return
Estimation
6%
$395,000
6.5%
$365,000
7%
$340,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$405,000
Current use
MEDICAL BUILDING
$640,000
Change: +58% · Conversion: Easy
AUTO REPAIR, GARAGE
$605,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$580,000
Change: +43% · Conversion: Easy
RETAIL STORES
$560,000
Change: +38% · Conversion: Easy
WAREHOUSE, STORAGE
$530,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $550k (Oct 30 2020)
Last sale anchor
$550k
Oct 30 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
$317 / 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
$5,019
Tax year 2023
Assessed value
$576,000
Assessed 2023
Previous assessed
$522,000
+10.3% YoY
Effective rate
0.87%
On assessed value
Assessed land
$334,300
Assessed improvement
$241,700
Land market value
$334,300
Improvement market value
$241,700
Total market value
$576,000
Applied tax rate
408.0000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1942
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
1,720 SF
Lot
0.14 ac (6,200 SF)
Zoning code
SRC
APN
876700000100
UPID
US90-1096971
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SRC · Lake Stevens, WAZoning SRC · permitted uses
SRC · Lake Stevens, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$405,000
MEDICAL BUILDING
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$605,000
OFFICE BUILDING
Est. value
$580,000
RETAIL STORES
Est. value
$560,000
WAREHOUSE, STORAGE
Est. value
$530,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1942
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Shawn Simmons
Individual
Mailing address
4255 23RD AVE W, SEATTLE, WA 98199-1210
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
$550,000
Shawn Simmons
Kathryn A Grooms
Warranty Deed
—
Jun 1, 2017
—
Kathryn A Grooms
—
Deed
related
$210,000 · Columbia State Bank
Jul 5, 2012
—
Kathryn Ann Grooms
Grooms,darin J
Quit Claim Deed
related
—
Jan 9, 2004
$192,750
Darin J Grooms
Sanders,dennis
Grant Deed
$176,753 · City Bank
Aug 15, 2000
$100,000
Dennis G Sanders
Fischer,george V
Grant Deed
$80,000 · Homestar Lending/lakeside
—
—
Dennis G Sanders
—
Deed Of Trust
related
$184,189 · City Bank
—
—
Darin J Grooms
—
Deed Of Trust
related
$179,800 · Washington Mutual Fsb
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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