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Property profile & analytics
OFF-MARKET
Industrial land
12221 Possession Way Mukilteo, WA 98275-6001
Entity Owned
22-yr Hold
Free & Clear
Property ID
US90-0291517
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
2.88 ac (125,453 SF)
Zoning code
PCB(S)
APN
28042800100500
UPID
US90-0291517
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
-
Nearest nail salon Nail Salon
-
Akira nail salon Nail Salon
-
Harbour Pointe Montessori High School Daycare Center
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
Mukilteo City (wa) · 22 yrs held
Mukilteo City (wa)
since 2004
5 recorded transactions
Zoning & alternative use
PCB(S) · Mukilteo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district PCB(S) is to promote Planned Community Business South uses.
Zone name
Planned Community Business South
General category
COMMERCIAL
Zone area
178.85 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
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
Assessed value
$5,800
Assessed 2023
Previous assessed
$5,800
+0.0% YoY
Assessed land
$5,800
Land market value
$5,800
Total market value
$5,800
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
2.88 ac (125,453 SF)
Zoning code
PCB(S)
APN
28042800100500
UPID
US90-0291517
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PCB(S) · Mukilteo, WAZoning PCB(S) · permitted uses
PCB(S) · 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 PCB(S) is to promote Planned Community Business South uses.
Zone name
Planned Community Business South
General category
COMMERCIAL
Zone area
178.85 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
2.88 ac
Current owner
From public records · entity-resolved
Mukilteo City (wa)
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 87407, CHICAGO, IL 60680-0407
Ownership since
2004
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
Apr 8, 2004
—
Mukilteo City (wa)
Eqr/legacy Partners 2000 Harb
Grant Deed
related
—
Jun 28, 2001
—
Eqr/legacy Partners 2000 Harbo
—
Trustees Deed
related
$24,522,000 · Fleet National Bank
Apr 30, 2001
$5,580,000
Eqr/legacy Partners 2000 Harbo
Chinook Development Corp
Grant Deed
—
Dec 9, 1999
—
Chinook Development Corp
Harbour Pointe Village LLP
Quit Claim Deed
related
—
—
—
Chinook Development Corp
—
Deed Of Trust
related
$3,800,000 · Bank Of America
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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