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Property profile & analytics
OFF-MARKET
Estimated value
$20,430,000
Retail properties & Spaces
9925 State Ave Marysville, WA 98270-2253
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US90-1506930
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
174,551 SF
Lot
12.98 ac (565,409 SF)
Zoning code
M2
APN
30051600402400
UPID
US90-1506930
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
-
Kyo Teriyaki Restaurant
-
Fred Meyer Fuel Center Gas Station
-
Andrea Spencer, RPH Pharmacy
-
National Vision Inc Ophthalmologist (Bike/Boat/Book/etc) Store
-
Vista Optical Eye Care Center Contact Lenses Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.43M
Owner & transaction history
Ocean Front V LLC · 28 yrs held
Ocean Front V LLC
since 1997
6 recorded transactions
Zoning & alternative use
M2 · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$117 / 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
$148,887
Tax year 2023
Assessed value
$24,953,000
Assessed 2023
Previous assessed
$24,381,700
+2.3% YoY
Effective rate
0.60%
On assessed value
Assessed land
$8,752,000
Assessed improvement
$16,201,000
Land market value
$8,752,000
Improvement market value
$16,201,000
Total market value
$24,953,000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Total area
174,551 SF
Lot
12.98 ac (565,409 SF)
Zoning code
M2
APN
30051600402400
UPID
US90-1506930
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Marysville, WAZoning M2 · permitted uses
M2 · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
12.98 ac
Current owner
From public records · entity-resolved
Ocean Front V LLC
Entity
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
—
Ocean Front V LLC
—
Deed
related
$9,000,000 · Minnesota Life Insurance Company
Dec 7, 2005
—
Ocean Front V LLC
—
Deed Of Trust
related
$10,000,000 · Lincoln National Life Ins
Oct 16, 1997
$11,100,000
Ocean Front V LLC
Benerson Capitol Co
Grant Deed
—
Mar 1, 1988
$10,800,000
Roundup Company
Unknown
Grant Deed
—
—
—
Pilchuck Cleaners
—
Deed Of Trust
related
$51,511 · Citibank Fsb
—
—
Ocean Front V LLC
—
Deed Of Trust
related
$7,800,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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