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Property profile & analytics
FOR LEASE
Retail space
9623 State Ave Marysville, WA 98270
Entity Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0416428
For Lease
$25 SF/Yr
9623 State Ave, Marysville, WA 98270
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
TYPE NOT SPECIFIED
Total area
14,400 SF
Lot
3.74 ac (162,914 SF)
Zoning code
M2
APN
30051600403100
UPID
US90-0416428
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
-
Tindahan SA Nayon Filipino (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
CosmoProf (Bike/Boat/Book/etc) Store Cosmetic Store
-
Coastal Farm & Ranch (Bike/Boat/Book/etc) Store
-
Jay's Flooring LLC General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.12M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$2.94M
Owner & transaction history
Marysville Associates LLC · 27 yrs held
Marysville Associates LLC
since 1999
7 recorded transactions
Zoning & alternative use
M2 · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.4M
+20.1%
Warehouse, storage
$4.2M
+14.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,380,000
6.5%
$3,120,000
7%
$2,900,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,635,000
Current use
COMMERCIAL (GENERAL)
$4,365,000
Change: +20% · Conversion: Easy
WAREHOUSE, STORAGE
$4,160,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$2.94M
Range $2.64M – $3.23M · ±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
$204 / 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
$33,700
Tax year 2023
Assessed value
$5,646,800
Assessed 2023
Previous assessed
$4,892,000
+15.4% YoY
Effective rate
0.60%
On assessed value
Assessed land
$3,013,200
Assessed improvement
$2,633,600
Land market value
$3,013,200
Improvement market value
$2,633,600
Total market value
$5,646,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
14,400 SF
Lot
3.74 ac (162,914 SF)
Zoning code
M2
APN
30051600403100
UPID
US90-0416428
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Marysville, WA
Zoning M2 · permitted uses
M2 · 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
RETAIL STORES Current
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$4.2M
RETAIL STORES Current
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
1981
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
3.74 ac
Current owner
From public records · entity-resolved
Marysville Associates LLC
Entity
Mailing address
1 HARDING RD STE 103B, RED BANK, NJ 07701-2022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
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
Feb 7, 2025
—
Marysville Associates LLC
—
Deed
related
$5,736,000 · Citi Real Estate Funding INC
Jan 16, 2018
—
Marysville Associates LLC
—
Deed
related
$5,500,000 · M & T Bank
Mar 1, 1999
—
Marysville Associates LLC
Rudge Trust
Deed Of Trust
related
$4,400,000 · Provident Savings Bank
Dec 11, 1998
—
Regal Cinemas INC
Rudge Trust
Quit Claim Deed
related
—
Jan 26, 1998
—
Rudge Trust
Mclean Trust
Quit Claim Deed
related
—
Jan 13, 1998
—
Rudge Trust
Mclean Trust
Quit Claim Deed
related
—
—
—
Marysville Associates LLC
—
Deed Of Trust
related
$4,400,000 · Provident Savings 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.
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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