Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1113 State Rte 204 Lake Stevens, WA 98258-3612

    • Warehouses
    • 70,900 SF
    • 2.32 lot acres
    OFF-MARKET
    Last Sale
    Jul 28, 2021
    $31,162,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3106058
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1113 State Rte 204

    Year built
    2020
    Construction
    STEEL FRAME
    Lot size
    2.32 lot acres
    Property size
    70,900 SF
    Zone code
    LB
    Property type
    Warehouses
    APN
    29052300202800
    APU
    29052300202800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Stevens
    County
    Snohomish
    State
    Washington
    Longitude
    -122.133
    Latitude
    47.986
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $92,816
    $1,809,000
    $8,891,000
    $10,700,000
    -
    $1,809,000
    $8,891,000
    $10,700,000

    Comparable in this City

    • Value Estimation
      $3,300,000
      30,000 SF

      12716 31st NE Pl

      WAREHOUSE, STORAGE • 30,000 SF
      12716 31st NE Pl, Lake Stevens, WA 98258-8218
      View Details
    • Value Estimation by Request
      720 SF

      2816 Old Hartford Rd

      WAREHOUSE, STORAGE • 720 SF
      2816 Old Hartford Rd, Lake Stevens, WA 98258-9760
      View Details
    • Value Estimation by Request
      4.80 Acres

      3726 Callow Rd

      WAREHOUSE, STORAGE • 4.80 Acres
      3726 Callow Rd, Lake Stevens, WA 98258-9517
      View Details
    • Value Estimation
      $945,000
      10,147 SF

      2402 131st NE Ave

      MINI-WAREHOUSE, STORAGE • 10,147 SF
      2402 131st NE Ave, Lake Stevens, WA 98258-9253
      View Details
    • Value Estimation
      $1,705,000
      11,280 SF

      2820 Old Hartford Rd

      WAREHOUSE, STORAGE • 11,280 SF
      2820 Old Hartford Rd, Lake Stevens, WA 98258-9760
      View Details
    • Value Estimation
      $9,640,000
      95,206 SF

      9100 State Rte 92

      MINI-WAREHOUSE, STORAGE • 95,206 SF
      9100 State Rte 92, Lake Stevens, WA 98258-9370
      View Details

    Similar Nearby for Sale

    • $2,399,000

      Lake Stevens Flex/Industrial Building

      Fully leased flex/industrial building with income potential in Lake Stevens.
      13008 27Th Pl Ne, Lake Stevens, WA 98258
      View Details
    • $2,399,000
      10,035 SF

      Lake Stevens Flex/Industrial Investment

      Fully leased flex/industrial building with NNN lease and annual increases.
      13008 27Th Pl NE, Lake Stevens, WA 98258
      View Details
    • $1,050,000
      29,822 SF

      Prime Land Near Frontier Village

      29,185 SF parcel near Frontier Village in Lake Stevens.
      9408 Davies Rd, Lake Stevens, WA 98258
      View Details
    • $3,150,000
      92,373 SF

      Lake Stevens Commercial Land Available

      Corner lot in rapidly growing area with excellent visibility.
      14-26 99Th Ave NE, Lake Stevens, WA 98258
      View Details
    • $3,150,000
      92,373 SF

      Lake Stevens Vacant Land Parcels

      Two prime commercial land parcels in rapidly growing Lake Stevens.
      14 99Th Ave SE, Lake Stevens, WA 98258
      View Details
    • $500,000

      Commercial Land Near New Costco

      Commercial land available next to upcoming Costco development.
      8920 20Th St SE, Lake Stevens, WA 98258
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      10 SF

      ATM Machine Space For Rent

      ATM machine space available in Lake Stevens, Washington.
      1803 Main St, Lake Stevens, WA 98258
      View Details
    • $1,550 /Mo
      278 SF

      Highway 9 Professional Office Space

      Professional office space for lease in Lake Stevens, WA.
      9623 32Nd St Southeast, Lake Stevens, WA 98258
      View Details
    • $3,549 /Mo
      2,535 SF

      Luxurious Home with Outdoor Room

      Modern 4BR home with chef's kitchen and outdoor entertaining space.
      2134 101St Dr SE, Lake Stevens, WA 98258
      View Details
    • $40 SF/Yr
      1,368 SF

      Lake Stevens Retail/Office Space

      Professional retail and office space in Lake Stevens commercial corridor.
      901-925 Frontier Cir E, Lake Stevens, WA 98258
      View Details
    • Contact for pricing
      22,289 SF

      Retail Space in Lake Stevens

      Anchored retail center in a strong trade area.
      303 91St Ave NE, Lake Stevens, WA 98258
      View Details
    • Contact for pricing
      188,259 SF

      Lake Stevens Retail Space Available

      Prime Retail Space, Multiple Units Available
      9 & Snohomish Marysville Rd, Lake Stevens, WA 98258
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1113 State Rte 204
    Lake Stevens, WA 98258-3612
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.