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Property profile & analytics
OFF-MARKET
Estimated value
$4,345,000
Warehouses
11901 Cyrus Way Mukilteo, WA 98275-5407
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-2303193
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Total area
32,113 SF
Lot
1.27 ac (55,321 SF)
Zoning code
52
APN
441400002700
UPID
US90-2303193
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.35M
Owner & transaction history
Cyrus Way Partners LLC · 11 yrs held
Cyrus Way Partners LLC
since 2015
7 recorded transactions
Zoning & alternative use
52 · Mukilteo, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$135 / 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
$31,550
Tax year 2023
Assessed value
$4,497,100
Assessed 2023
Previous assessed
$3,610,800
+24.5% YoY
Effective rate
0.70%
On assessed value
Assessed land
$1,054,000
Assessed improvement
$3,443,100
Land market value
$1,054,000
Improvement market value
$3,443,100
Total market value
$4,497,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
YES
Cooling
NONE
Stories
1
Total area
32,113 SF
Lot
1.27 ac (55,321 SF)
Zoning code
52
APN
441400002700
UPID
US90-2303193
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
52 · Mukilteo, WA
Zoning 52 · permitted uses
52 · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mukilteo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Heating
YES
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Cyrus Way Partners LLC
Entity
Free & Clear · 11 yrs held
Mailing address
11903 CYRUS WAY STE #5, MUKILTEO, WA 98275-5456
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2018
—
Cyrus Way Partners L L C
—
Deed
related
$3,037,000 · First Citizens Bank And Trust Co INC
Jul 9, 2015
$510,000
Cyrus Way Partners LLC
Pmk-e LLC
Warranty Deed
—
Apr 10, 2015
—
Wpb Estate LLC
Brust William P
Quit Claim Deed
related
—
Nov 4, 2005
—
Wpb Estate LLC
Brust Dev Co LLC
Quit Claim Deed
related
—
Jan 17, 2003
$5,000
William P Brust
Bank Of America
Grant Deed
—
Jan 17, 2003
—
Bank Of America
Harbour Pointe Shopping Centre
Quit Claim Deed
related
—
Sep 7, 2001
—
Brust Development Co LLC
Brust,william P
Quit Claim Deed
related
—
May 18, 2001
$78,367
William P Brust
Krebs,christine S
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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