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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Medical Office Space
9628 271st NW St, Stanwood, WA 98292-8096
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1004792
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Construction
WOOD
Total area
4,800 SF
Lot
0.5 ac (21,780 SF)
Zoning code
UB
APN
32032400410100
UPID
US90-1004792
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
$1.84M
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.55M
Owner & transaction history
Kevin J Burke LLC · 2 yrs held
Kevin J Burke LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
UB · Stanwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+11.1%
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 Stanwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stanwood 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
$1,800,000
ML approach
$1,835,000
CAP Approach
CAP Return
Estimation
6%
$1,170,000
6.5%
$1,080,000
7%
$1,005,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,875,000
Current use
AUTO REPAIR, GARAGE
$2,085,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$1,710,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.55M (Apr 1 2021)
Last sale anchor
$1.55M
Apr 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
$322 / 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
$7,406
Tax year 2023
Assessed value
$918,000
Assessed 2023
Previous assessed
$866,000
+6.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$357,800
Assessed improvement
$560,200
Land market value
$357,800
Improvement market value
$560,200
Total market value
$918,000
Applied tax rate
758.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
4,800 SF
Lot
0.5 ac (21,780 SF)
Zoning code
UB
APN
32032400410100
UPID
US90-1004792
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
UB · Stanwood, WA
Zoning UB · permitted uses
UB · Stanwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stanwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Kevin J Burke LLC
Entity
Mailing address
9628 271ST ST NW, STANWOOD, WA 98292-8096
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
—
Kevin J Burke LLC
Anthony L Hewlett
Re-recorded Document
related
$1,162,500 · Peoples Bank
Apr 1, 2021
$1,550,000
Kevin J Burke LLC
Anthony L Hewlett
Warranty Deed
$1,162,500 · Peoples Bank
May 20, 2016
—
Anthony L Hewlett
—
Deed
related
—
Sep 4, 2002
—
Anthony L Hewlett
Bumgarner,lisa R
Quit Claim Deed
related
$520,000 · Whidbey Island Bank
Oct 13, 2000
—
Anthony L Hewlett
Hewlett,lisa R
Quit Claim Deed
related
$325,000 · Seller
May 1, 1990
$70,000
Anthony L Hewlett
Unknown
Grant Deed
$272,300 · Interwest Savings Bank
—
—
Anthony L Hewlett
—
Deed Of Trust
related
$908,459 · Us Bank NA
—
—
Anthony L Hewlett
—
Deed Of Trust
related
$310,000 · Skagit State Bank
—
—
Anthony L Hewlett
—
Deed Of Trust
related
$106,608 · Lisa R Pedersen
—
—
Anthony L Hewlett
—
Loan Modification
related
—
—
—
Anthony L Hewlett
—
Deed Of Trust
related
$60,000 · Pacific Northwest Bank
—
—
Hewlett,anthony L
—
Deed Of Trust
related
$700,000 · Us Bk
—
—
Anthony L Hewlett
—
Deed Of Trust
related
$370,000 · Interwest Bank
—
—
Anthony L Hewlett
—
Deed Of Trust
related
$253,767 · Lisa R Pedersen
—
—
Anthony L Hewlett
—
Deed Of Trust
related
$185,747 · Lisa R Pedersen
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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