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Property profile & analytics
OFF-MARKET
Warehouses
12308 Mukilteo Speedway Mukilteo, WA 98275-5732
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-3263497
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
3,240 SF
Lot
1.05 ac (45,738 SF)
Zoning code
Q5
APN
441200001600
UPID
US90-3263497
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
-
BUSLINER LLC Logistics Company Tour Operator
-
Matt Martin - State Farm Insurance Agent Insurance Agency
-
Architectural Building Specialties Factory Production Facility
-
American Drywall LLC Hardware & Home Improvement Interior Design
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
Best Storage LLC · 20 yrs held
Best Storage LLC
since 2005
3 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
$8,356
Tax year 2023
Assessed value
$1,190,000
Assessed 2023
Previous assessed
$1,065,600
+11.7% YoY
Effective rate
0.70%
On assessed value
Assessed land
$867,000
Assessed improvement
$323,000
Land market value
$867,000
Improvement market value
$323,000
Total market value
$1,190,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Rooms
4
Bathrooms
1
Total area
3,240 SF
Lot
1.05 ac (45,738 SF)
Zoning code
Q5
APN
441200001600
UPID
US90-3263497
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
Q5 · Mukilteo, WA
Zoning Q5 · permitted uses
Q5 · 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
1985
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
4
Bathrooms
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Best Storage LLC
Entity
Mailing address
12308 MUKILTEO SPEEDWAY 3RD STE #3, MUKILTEO, WA 98275-5732
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2018
—
Best Storage LLC
—
Deed
related
$60,000 · Umpqua Bank
Sep 22, 2005
$900,000
Best Storage LLC
Moses,kenneth R & Shirley L
Warranty Deed
$840,000 · Kenneth R & Shirley L Moses
—
—
Best Storage LLC
—
Deed Of Trust
related
$840,000 · Sterling Savings Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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