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Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Industrial land
103 3rd St, Arlington, WA 98223-1348
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-2506911
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.1 ac (4,356 SF)
Zoning code
15
APN
529900101100
UPID
US90-2506911
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
$2.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.49M
Owner & transaction history
K2 Property Investments LLC · 3 yrs held
K2 Property Investments LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
15 · 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
Method
Estimation
Statistic approach
$2,480,000
ML approach
$2,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±10% · vs last sale $2.50M (Nov 23 2022)
Last sale anchor
$2.50M
Nov 23 2022
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
—
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
$1,681
Tax year 2023
Assessed value
$180,300
Assessed 2023
Previous assessed
$160,300
+12.5% YoY
Effective rate
0.93%
On assessed value
Assessed land
$180,300
Land market value
$180,300
Total market value
$180,300
Applied tax rate
110.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.1 ac (4,356 SF)
Zoning code
15
APN
529900101100
UPID
US90-2506911
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
15 · Arlington, WA
Zoning 15 · permitted uses
15 · 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
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
K2 Property Investments LLC
Entity
Mailing address
14605 SE 36TH ST #365, BELLEVUE, WA 98006-1669
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
$2,499,000
K2 Property Investments LLC
Third Street Arlington Properties L
Warranty Deed
$1,750,000 · Heritage Bank
Dec 4, 2018
$1,264,000
Third Street Arlington Properties L
Pacific Realty Advisors LLC
Quit Claim Deed
related
$1,011,200 · Heritage Bank
Apr 11, 2011
$680,000
Mdw Properties LLC
Union Bank NA
Grant Deed
$889,434 · Whidbey Island Bank
Apr 11, 2011
—
Union Bank NA
Frontier Bk
Grant Deed
related
—
Jun 18, 2009
—
Frontier Bk
Hogan,richard B
Deed In Lieu Of Foreclosure
—
Dec 23, 2005
—
Richard B Hogan
Heaven,dellena G
Quit Claim Deed
related
—
—
—
Richard B Hogan
—
Deed Of Trust
related
$1,300,000 · Frontier Bank
—
—
Dellena G Heaven
—
Deed Of Trust
related
$40,701 · Frontier Bank
—
—
Richard B Hogan
—
Deed Of Trust
related
$40,641 · Frontier Bank
—
—
Richard B Hogan
—
Deed Of Trust
related
$40,000 · Frontier Bank
—
—
Richard B Hogan
—
Deed Of Trust
related
$170,000 · Frontier Bank
—
—
Mdw Properties LLC
—
Deed Of Trust
related
$730,000 · Northwest Busn Dev Assn
—
—
Richard B Hogan
—
Deed Of Trust
related
$14,001 · 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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