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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Industrial properties
11601 Cyrus Way Mukilteo, WA 98275-5405
Entity Owned
~
Est. High Equity
Property ID
US90-3263487
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2004
Total area
12,656 SF
Lot
1.37 ac (59,677 SF)
Zoning code
LI
APN
441400002201
UPID
US90-3263487
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
-
Model 1 Commercial Vehicles Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
Wa 11601 Cyrus LLC
Wa 11601 Cyrus LLC
since 2026
7 recorded transactions
Zoning & alternative use
LI · Mukilteo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district LI is to promote Light Industrial uses.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
258.24 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,050,000
6.5%
$1,890,000
7%
$1,755,000
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±10%
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
$125 / 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
$15,257
Tax year 2023
Assessed value
$2,174,000
Assessed 2023
Previous assessed
$2,050,300
+6.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$1,115,000
Assessed improvement
$1,059,000
Land market value
$1,115,000
Improvement market value
$1,059,000
Total market value
$2,174,000
Applied tax rate
673.0000
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
2004
Heating
YES
Cooling
NONE
Stories
2
Total area
12,656 SF
Lot
1.37 ac (59,677 SF)
Zoning code
LI
APN
441400002201
UPID
US90-3263487
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Mukilteo, WAZoning LI · permitted uses
LI · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district LI is to promote Light Industrial uses.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
258.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Heating
YES
Cooling
Yes
Stories
2
Lot
1.37 ac
Current owner
From public records · entity-resolved
Wa 11601 Cyrus LLC
Entity
Mailing address
14740 RAMONA AVE, CHINO, CA 91710-5747
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2026
$4,500,000
Wa 11601 Cyrus LLC
Seattle Bus Properties LLC
Bargain & Sale Deed
$18,200,000
Dec 13, 2023
—
Seattle Bus Properties LLC
—
Deed
related
$1,076,823 · Bank Of America NA
Nov 4, 2016
$2,057,625
Seattle Bus Properties LLC
Kascol LLC
Warranty Deed
$1,646,100 · Bank Of America
Jan 15, 2004
$400,449
Kasol LLC
Urrutia,lou & Lavonne B
Grant Deed
$1,530,400 · Bank Of The West
Dec 30, 2003
—
Lou Urrutia
L & I Properties LLC
Quit Claim Deed
related
—
Jun 12, 2001
—
L & I Properties LLC
Kaplan,ira & Laura
Quit Claim Deed
related
—
Mar 15, 2001
$280,000
Ira Kaplan
Olga Betts Estate
Grant Deed
$232,100 · Frontier Bank
—
—
Kascol LLC
—
Deed Of Trust
related
$690,000 · Northwest Busn Dev Assn
—
—
Kascoll LLC
—
Deed Of Trust
related
$1,500,000 · Heritage 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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