New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,770,000
Industrial properties
1102 Shuksan Way, Everett, WA 98203-7155
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-0305821
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
39,675 SF
Lot
5 ac (217,800 SF)
Zoning code
M-1
APN
28040100302200
UPID
US90-0305821
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
-
Aerospace Consumables Management Corporate Office Factory
-
BRIOTECH INC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.19M
Blend (final)
Blend
$14.77M
Owner & transaction history
Lit Industrial LP · 6 yrs held
Lit Industrial LP
since 2020
Last sale
$14.0M
6 recorded transactions
Zoning & alternative use
M-1 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$20.0M
+108.0%
Restaurant
$18.7M
+94.5%
Medical building
$14.8M
+53.8%
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 Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett 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
$18,325,000
ML approach
$11,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,615,000
Current use
APARTMENT HOUSE (5+ UNITS)
$20,000,000
Change: +108% · Conversion: Difficult
RESTAURANT
$18,700,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$14,785,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,960,000
Change: +45% · Conversion: Easy
OFFICE BUILDING
$13,405,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$12,875,000
Change: +34% · Conversion: Moderate
WAREHOUSE, STORAGE
$12,260,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$14.77M
Range $13.29M – $16.25M · ±10% · vs last sale $13.96M (Jan 6 2020)
Last sale anchor
$13.96M
Jan 6 2020
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
$372 / 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
$105,311
Tax year 2023
Assessed value
$13,631,700
Assessed 2023
Previous assessed
$13,566,000
+0.5% YoY
Effective rate
0.77%
On assessed value
Assessed land
$2,917,900
Assessed improvement
$10,713,800
Land market value
$2,917,900
Improvement market value
$10,713,800
Total market value
$13,631,700
Applied tax rate
25.0000
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
39,675 SF
Lot
5 ac (217,800 SF)
Zoning code
M-1
APN
28040100302200
UPID
US90-0305821
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Everett, WA
Zoning M-1 · permitted uses
M-1 · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.0M
RESTAURANT
Est. value
$18.7M
MEDICAL BUILDING
Est. value
$14.8M
AUTO REPAIR, GARAGE
Est. value
$14.0M
OFFICE BUILDING
Est. value
$13.4M
RETAIL STORES
Est. value
$12.9M
WAREHOUSE, STORAGE
Est. value
$12.3M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
2008
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
5 ac
Current owner
From public records · entity-resolved
Lit Industrial LP
Entity
Free & Clear · 6 yrs held
Mailing address
2323 VICTORY AVE #1500, DALLAS, TX 75219-7657
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 6, 2020
$13,958,380
Lit Industrial LP
Lba Of Ppf Indl II-shuksan Way L
Grant Deed
—
Apr 23, 2012
$9,050
Lba Of Ppf Industrial II-shuksan
Lba Realty Fund III-co V LLC
Grant Deed
—
Nov 7, 2008
$92,978
Lba Realty Fund III-co V LLC
Lba Realty Fund III-co Vi LLC
Grant Deed
related
$35,000,000 · Union Bank Of California
Jul 10, 2008
$15,426,753
Lba Realty Fund III-co Vi LLC
Mountain View Pg LLC
Grant Deed
related
—
Sep 10, 2007
—
Mountain View Pg LLC
Rinker Materials Corp
Warranty Deed
$26,293,348 · Bank Of The West
Nov 6, 2006
$354,240
Public Utility Dist No 1/snoho
Csr America INC
Warranty Deed
—
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?”
You own 1102 Shuksan Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
