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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Warehouses
13001 State Ave Marysville, WA 98271-7852
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-1177589
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1930
Construction
WOOD
Total area
2,904 SF
Lot
15.95 ac (694,782 SF)
Zoning code
LI
APN
30050400301500
UPID
US90-1177589
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
-
Leifer Development Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$880k
Owner & transaction history
Leifer Dev No 2 LLC · 11 yrs held
Leifer Dev No 2 LLC
since 2014
4 recorded transactions
Zoning & alternative use
LI · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+41.5%
Medical building
$1.1M
+35.2%
Office building
$1.0M
+22.8%
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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
by Request
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$840,000
Current use
AUTO REPAIR, GARAGE
$1,185,000
Change: +41% · Conversion: Easy
MEDICAL BUILDING
$1,135,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,030,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$880,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$735,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$880k
Range $792k – $968k · ±10%
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
$303 / 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
$37,020
Tax year 2023
Assessed value
$6,203,000
Assessed 2023
Previous assessed
$5,852,000
+6.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$5,464,100
Assessed improvement
$738,900
Land market value
$5,464,100
Improvement market value
$738,900
Total market value
$6,203,000
Applied tax rate
511.0000
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
1930
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
4
Stories
1
Rooms
3
Bathrooms
1
Total area
2,904 SF
Lot
15.95 ac (694,782 SF)
Zoning code
LI
APN
30050400301500
UPID
US90-1177589
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Marysville, WA
Zoning LI · permitted uses
LI · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$880,000
RETAIL STORES
Est. value
$735,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Rooms
3
Bathrooms
1
Lot
15.95 ac
Current owner
From public records · entity-resolved
Leifer Dev No 2 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
13001 STATE AVE, MARYSVILLE, WA 98271-7852
Ownership since
2014
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
Dec 30, 2014
—
Leifer Dev No 2 LLC
Leifer Dev No 1 LLC
Quit Claim Deed
related
—
—
—
Leifer Development Co
—
Deed Of Trust
related
$500,000 · Source Capital Corp
—
—
Leifer Dev No 2 LLC
—
Deed Of Trust
related
$2,800,000 · Whidbey Island Bank
—
—
Leifer Dev Co
—
Deed Of Trust
related
$100,000 · Horizon Bk Ssb
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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