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Property profile & analytics
OFF-MARKET
Industrial properties
11914 Cyrus Way Mukilteo, WA 98275-5408
Entity Owned
~
Est. High Equity
Property ID
US90-1310685
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1991
Total area
4,887 SF
Lot
1.37 ac (59,677 SF)
Zoning code
Q5
APN
441400003000
UPID
US90-1310685
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
-
Queen City Plating Inc Factory Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cyrus Way Partners LLC
Cyrus Way Partners LLC
since 2025
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
Q5 · 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
—
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
$8,834
Tax year 2023
Assessed value
$1,258,100
Assessed 2023
Previous assessed
$951,300
+32.3% YoY
Effective rate
0.70%
On assessed value
Assessed land
$1,115,000
Assessed improvement
$143,100
Land market value
$1,115,000
Improvement market value
$143,100
Total market value
$1,258,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1991
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
4,887 SF
Lot
1.37 ac (59,677 SF)
Zoning code
Q5
APN
441400003000
UPID
US90-1310685
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
Q5 · Mukilteo, WAZoning Q5 · permitted uses
Q5 · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Cyrus Way Partners LLC
Entity
Mailing address
15018 SE 47TH ST, BELLEVUE, WA 98006-3205
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2025
$1,694,860
Cyrus Way Partners LLC
Gayle N Brown Trust
Warranty Deed
$794,860 · Gayle N Brown Trust
Jul 22, 2021
—
Gayle N Brown Frisch
Gayle N Brown Frisch
Intrafamily Transfer
related
—
Aug 22, 2014
—
Frisch,richard J Trust
Frisch,richard J
Quit Claim Deed
related
—
May 18, 2007
—
Richard J Frisch
Frisch,marion M
Quit Claim Deed
related
—
Apr 1, 1991
$366,000
Marion M Frisch
Unknown
Grant Deed
$215,940 · Seller
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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