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Property profile & analytics
OFF-MARKET
Estimated value
$8,135,000
Industrial properties
11611 49th W Pl Mukilteo, WA 98275-4255
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1289050
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
36,820 SF
Lot
2.53 ac (110,207 SF)
Zoning code
IP
APN
788400002100
UPID
US90-1289050
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
-
UMC Charitable Foundation Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.02M
CAP Approach
CAP
$5.50M
Comparable Approach
Comparable
$10.46M
Blend (final)
Blend
$8.14M
Owner & transaction history
Enca Properties LLC · 3 yrs held
Enca Properties LLC
since 2022
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
IP · Mukilteo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district IP is to promote Industrial Park uses.
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
210.19 ac
Source
Realmo
Top alternative use upside
Office building
$13.1M
+40.6%
Commercial (general)
$11.2M
+19.5%
Retail stores
$10.7M
+14.8%
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
$8,135,000
ML approach
$8,015,000
CAP Approach
CAP Return
Estimation
6%
$5,960,000
6.5%
$5,500,000
7%
$5,110,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,340,000
Current use
OFFICE BUILDING
$13,130,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,160,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$10,720,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$8.14M
Range $7.32M – $8.95M · ±10% · vs last sale $8.20M (Nov 30 2022)
Last sale anchor
$8.20M
Nov 30 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
$221 / 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
$44,335
Tax year 2023
Assessed value
$6,320,000
Assessed 2023
Previous assessed
$5,964,800
+6.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$1,917,700
Assessed improvement
$4,402,300
Land market value
$1,917,700
Improvement market value
$4,402,300
Total market value
$6,320,000
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
2001
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
36,820 SF
Lot
2.53 ac (110,207 SF)
Zoning code
IP
APN
788400002100
UPID
US90-1289050
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IP · Mukilteo, WAZoning IP · permitted uses
IP · 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 IP is to promote Industrial Park uses.
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
210.19 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.3M
OFFICE BUILDING
Est. value
$13.1M
COMMERCIAL (GENERAL)
Est. value
$11.2M
RETAIL STORES
Est. value
$10.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
2.53 ac
Current owner
From public records · entity-resolved
Enca Properties LLC
Entity
Mailing address
9004 INVERNESS DR NE, SEATTLE, WA 98115-3980
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
$8,200,000
Enca Properties LLC
Possession Way Associates LLC
Warranty Deed
$6,225,000 · Washington Trust Bank
Nov 7, 2000
$885,000
Possession Way Associates LLC
North Campus Dev Co LLC
Grant Deed
—
Jul 27, 2000
—
North Campus Dev Co LLC
—
Grant Deed
related
$4,950,000 · Interwest Bank
Jun 30, 1999
$6,331,863
North Campus Development Co
Boeing Co
Grant Deed
$4,432,302 · Seller
—
—
Possession Way Assocs LLC
—
Deed Of Trust
related
$2,500,000 · Key Bank NA
—
—
Posession Way Associates LLC
—
Deed Of Trust
related
$3,825,000 · General Electric Capital Busin
—
—
Possession Way Associates LLC
—
Deed Of Trust
related
$3,600,000 · Key Bank NA
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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