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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Warehouses
11520 Airport Rd Everett, WA 98204-3743
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0968307
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
10,500 SF
Lot
0.72 ac (31,363 SF)
Zoning code
BP
APN
537900006001
UPID
US90-0968307
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
-
Dive Xtras Industrial Manufacturer Production Facility
-
ClaroWorks Product Development Engineering Consultant
-
Cascade Components Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$930k
Owner & transaction history
Claroworks Properties LLC · 8 yrs held
Claroworks Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
BP · Everett, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$89 / 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
$21,727
Tax year 2023
Assessed value
$2,620,000
Assessed 2023
Previous assessed
$2,321,000
+12.9% YoY
Effective rate
0.83%
On assessed value
Assessed land
$656,700
Assessed improvement
$1,963,300
Land market value
$656,700
Improvement market value
$1,963,300
Total market value
$2,620,000
Applied tax rate
2,310.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
10,500 SF
Lot
0.72 ac (31,363 SF)
Zoning code
BP
APN
537900006001
UPID
US90-0968307
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BP · Everett, WA
Zoning BP · permitted uses
BP · 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.
Building & site characteristics
From public records
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Claroworks Properties LLC
Entity
Mailing address
11520 AIRPORT RD, EVERETT, WA 98204-3743
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2017
—
Claroworks Properties LLC
—
Deed
related
$804,000 · Northwest Busn Dev Assn
Nov 3, 2017
$1,960,000
Claroworks Properties LLC
Rh Arpt Commerce Center Assocs
Warranty Deed
$980,000 · Bank Of America
Feb 17, 2012
—
Rh Airport Commerce Center Ass
—
Deed Of Trust
related
$4,000,000 · East-west Investment INC
Feb 2, 2012
—
Rh Airport Commerce Ctr Assocs
Adler Alfred Credit Trustpt
Quit Claim Deed
related
—
Jul 18, 2011
—
Adler Alfred Credit Trust
A & E Adler II LLC
Quit Claim Deed
related
—
Jan 8, 2004
—
Alder Alfred Trust
A & E Adler II LLC
Quit Claim Deed
related
—
Feb 1, 1995
$275,460
—
—
Grant Deed
related
—
—
—
A & E Alder II LLC
—
Deed Of Trust
related
$1,245,000 · Sun Life Assurance Co Canada
—
—
Rh Airport Commerce Center Ass
—
Loan Modification
related
—
—
—
Claroworks Properties LLC
—
Deed Of Trust
related
$804,000 · Northwest Busn Dev Assn
—
—
Airport Park Associates
—
Deed Of Trust
related
$1,100,000 · Canada Life Insurance
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
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