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Property profile & analytics
OFF-MARKET
Estimated value
$3,965,000
Retail space
Smokey Pt Dr Arlington, WA 98223
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-2578753
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
30,766 SF
Lot
0.97 ac (42,253 SF)
Zoning code
HC
APN
645300001000
UPID
US90-2578753
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.97M
Owner & transaction history
Ironmount INC · 7 yrs held
Ironmount INC
since 2018
7 recorded transactions
Zoning & alternative use
HC · Arlington, 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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$129 / 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
$34,178
Tax year 2023
Assessed value
$4,364,500
Assessed 2023
Previous assessed
$3,897,000
+12.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$935,600
Assessed improvement
$3,428,900
Land market value
$935,600
Improvement market value
$3,428,900
Total market value
$4,364,500
Applied tax rate
116.0000
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
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
30,766 SF
Lot
0.97 ac (42,253 SF)
Zoning code
HC
APN
645300001000
UPID
US90-2578753
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HC · Arlington, WA
Zoning HC · permitted uses
HC · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Ironmount INC
Entity
Mailing address
PO BOX 837, STANWOOD, WA 98292-0837
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2023
—
Ironmount INC
—
Deed
related
$3,650,000 · Commercial Bank Of China
Jul 26, 2018
$8,650,000
Ironmount INC
Rh Smokey Pt Shopping Ctr Asso
Trustees Deed
$5,622,500 · Industrial & Com'l Bk/china
Oct 17, 2016
—
Rh Smokey Point Shopping Center Ass
—
Deed
related
$5,990,000 · First Federal Savings
Oct 15, 2003
$7,221,250
Rh Smokey Point Shopping Ctr
Covington Green Associates II
Grant Deed
$4,700,000 · Morgan Stanley Mtg Capital INC
Dec 30, 1999
—
Covington Green Associates II
—
Grant Deed
related
$750,000 · Frontier Bank
Apr 17, 1998
$3,000,000
Covington Green Associates II
Smokey Point Shopping Center
Grant Deed
$1,350,000 · Frontier Bank
—
—
Rh Smokey Point Shopping Cente
—
Loan Modification
related
$4,700,000 · Us Bank NA 2004-top13 (te)
—
—
Ralph G Monty
—
Deed Of Trust
related
$200,000 · Frontier 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.
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