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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Manufacturing properties
12027 3rd Lks Rd Snohomish, WA 98290-5502
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1300348
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
1974
Construction
WOOD
Total area
48,800 SF
Lot
4.96 ac (216,058 SF)
Zoning code
RI
APN
28060500301400
UPID
US90-1300348
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
$3.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$2.54M
Owner & transaction history
Ufp Real Estate LLC · 5 yrs held
Ufp Real Estate LLC
since 2020
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
RI · Snohomish, 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 Snohomish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snohomish 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
$2,970,000
ML approach
$3,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10% · vs last sale $2.30M (Oct 7 2020)
Last sale anchor
$2.30M
Oct 7 2020
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
$52 / 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
$32,971
Tax year 2023
Assessed value
$2,793,000
Assessed 2023
Previous assessed
$2,669,000
+4.6% YoY
Effective rate
1.18%
On assessed value
Assessed land
$737,300
Assessed improvement
$2,055,700
Land market value
$737,300
Improvement market value
$2,055,700
Total market value
$2,793,000
Applied tax rate
3,665.0000
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
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
8
Stories
1
Total area
48,800 SF
Lot
4.96 ac (216,058 SF)
Zoning code
RI
APN
28060500301400
UPID
US90-1300348
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RI · Snohomish, WA
Zoning RI · permitted uses
RI · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snohomish. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
8
Lot
4.96 ac
Current owner
From public records · entity-resolved
Ufp Real Estate LLC
Entity
Mailing address
2801 E BELTLINE AVE NE, GRAND RAPIDS, MI 49525-9680
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2020
—
Ufp Real Estate LLC
Ufp Western Division INC
Quit Claim Deed
—
Nov 6, 2012
$2,300,000
Ufp Western Division INC
Nepa Pallet & Container Co INC
Warranty Deed
—
—
—
Nepa Pallet & Container Co INC
—
Deed Of Trust
related
$730,000 · Us Bank NA
—
—
Nepa Pallet & Container Co INC
—
Deed Of Trust
related
$730,000 · Us 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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