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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Office buildings
11126 Mukilteo Speedway Mukilteo, WA 98275-5401
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-0747720
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2001
Construction
WOOD
Total area
2,574 SF
Lot
0.89 ac (38,768 SF)
Zoning code
52
APN
441400005100
UPID
US90-0747720
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
-
Camp Canine Doggy Day Care Kennel & Boarding Facility
-
All Care Pet Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.62M
Owner & transaction history
Sun & Hyung LLC · 4 yrs held
Sun & Hyung LLC
since 2022
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
52 · Mukilteo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+21.7%
Medical building
$1.0M
+9.5%
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 Mukilteo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mukilteo 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
$1,845,000
ML approach
$1,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,115,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$1,005,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±10% · vs last sale $1.45M (Feb 28 2022)
Last sale anchor
$1.45M
Feb 28 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
$627 / 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
$8,847
Tax year 2023
Assessed value
$1,260,000
Assessed 2023
Previous assessed
$1,069,300
+17.8% YoY
Effective rate
0.70%
On assessed value
Assessed land
$834,400
Assessed improvement
$425,600
Land market value
$834,400
Improvement market value
$425,600
Total market value
$1,260,000
Applied tax rate
671.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
2,574 SF
Lot
0.89 ac (38,768 SF)
Zoning code
52
APN
441400005100
UPID
US90-0747720
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
52 · Mukilteo, WA
Zoning 52 · permitted uses
52 · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mukilteo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
MEDICAL 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
2001
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Sun & Hyung LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11912 59TH AVE W, MUKILTEO, WA 98275-5569
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
—
Sun & Hyung LLC
—
Deed
related
$870,000 · Bbcn Bank
Feb 28, 2022
$1,450,000
Sun & Hyung LLC
11126 Speedway LLC
Warranty Deed
—
Dec 28, 2011
—
11126 Speedway LLC
Torgerson,susan
Quit Claim Deed
related
—
Aug 16, 2011
—
Susan L Torgerson
Torgerson,susan L
Quit Claim Deed
related
—
Nov 13, 1998
$360,675
Susan L Taylor
Larson,roger M & Diana
Grant Deed
—
—
—
Susan L Torgerson
—
Deed Of Trust
related
$200,000 · Whidbey Island 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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