Financial
Distress signals
Property profile

11512 Airport Rd Everett, WA 98204

FOR LEASE
Other warehouses
Property ID
US90-1781254
14,430 SF 0.84 ac lot Built 1996
Last sale Jan 2026 · $4,016,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A 14,662-square-foot concrete tilt light industrial building is configured with two suites: Suite 1 contains 8,042 square feet, including 2,199 square feet of office space, and Suite 2 contains 6,620 square feet, including 3,760 square feet of office space. The building has multiple grade-level loading doors, a 22-foot clear height, and 600 amps of 120/208v electrical service. It is located on Airport Road near Boeing and Paine Field Airport.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value$2.81M
Assessed land$747k
Assessed improvement$2.06M
Effective rate0.83%

Value estimate

· Sep 2026
$2.15M
$1.93M – $2.36M
CAP approach$2.49M
NOI build-up
Gross scheduled income$95k
Vacancy & credit loss−$7k
Operating expenses−$26k
NOI · 4,519,407.41% cap applied$61k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$309/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$100 – $453
Qualifying comparables3

Cap rate analysis

How does the asset earn?
4,519,407.41%
$61k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BP
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant29.2
Law Firm29.2
Hair Salon23.5

Location

11512 Airport Rd Everett, WA 98204
County assessor Recorded deeds · 9 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11504 Airport, Everett, WA 98204-3743 $5,000,000 Jan 2026 25,200 SF
2407 106th SW, Everett, WA 98204-3628 $3,350,000 Mar 2023 11,082 SF
11620 Airport, Everett, WA 98204-3742 $3,600,000 Oct 2021 12,950 SF
813 134th SW, Everett, WA 98204-6304 $625,035 Mar 2021 10,244 SF
11920 26th Pl W Ste, Everett, WA 98204-5129 $4,380,000 Sep 2019 14,520 SF
11917 26th Pl W Ste, Everett, WA 98204-5127 $4,380,000 Sep 2019 19,311 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
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