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Property profile & analytics
FOR LEASE
Warehouses
14102 NE 189Th St, Woodinville, WA 98072
Entity Owned
~
Est. High Equity
Property ID
US90-1117323
For Lease
1 / 2
$5,120,000
14102 NE 189Th St, Woodinville, WA 98072
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Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,446 SF
Lot
1.27 ac (55,434 SF)
Zoning code
I
APN
956075-0020
UPID
US90-1117323
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
-
AP Coating Powder Coating Service
-
Contract Furniture Services Storage Facility
-
Accents & Interiors Inc. Department Store
-
High Point Gutter Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.31M
CAP Approach
CAP
$3.66M
Comparable Approach
Comparable
$6.13M
Blend (final)
Blend
$5.12M
Owner & transaction history
Andrews Lacey Investment LLC
Andrews Lacey Investment LLC
since 2025
Last sale
$4.9M
7 recorded transactions
Zoning & alternative use
I · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.7M
+35.1%
Retail stores
$7.6M
+34.2%
Industrial (general)
$7.4M
+30.4%
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 Woodinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodinville 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
$5,310,000
ML approach
$5,305,000
CAP Approach
CAP Return
Estimation
6%
$3,960,000
6.5%
$3,655,000
7%
$3,395,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,685,000
Current use
MEDICAL BUILDING
$7,680,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$7,630,000
Change: +34% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,415,000
Change: +30% · Conversion: Easy
OFFICE BUILDING
$7,330,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$5.12M
Range $4.61M – $5.63M · ±10% · vs last sale $4.93M (Apr 16 2021)
Last sale anchor
$4.93M
Apr 16 2021
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
$263 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$40,128
Tax year 2022
Assessed value
$4,300,000
Assessed 2022
Previous assessed
$4,300,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$942,300
Assessed improvement
$3,357,700
Land market value
$942,300
Improvement market value
$3,357,700
Total market value
$4,300,000
Applied tax rate
2,505.0000
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
For Lease
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
19,446 SF
Lot
1.27 ac (55,434 SF)
Zoning code
I
APN
956075-0020
UPID
US90-1117323
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I · Woodinville, WA
Zoning I · permitted uses
I · Woodinville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodinville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$7.7M
RETAIL STORES
Est. value
$7.6M
INDUSTRIAL (GENERAL)
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Andrews Lacey Investment LLC
Entity
Mailing address
180 SUTTER ST #400, SAN FRANCISCO, CA 94104-4007
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2025
$7,840,000
Andrews Lacey Investment LLC
Lift II 189th 14102 LLC
Special Warranty Deed
—
May 6, 2025
—
Pccp Credit Xi Reitsub Holdco LLC
—
Deed
related
$145,000,000 · Lift II 189th 14102 LLC
Sep 23, 2021
—
Lift Hw 189 Th 14102 LLC
—
Deed
related
$17,850,000 · Cred Reit Holdco LLC
Apr 16, 2021
$4,930,000
Lift II 189th 14102 LLC
Woodview Park Associates LLC
Warranty Deed
—
May 18, 2017
—
Woodview Park Associates LLC
Woodview Park Associates
Quit Claim Deed
related
—
Oct 3, 1989
—
Woodview Park Associates
Henning,peter
Quit Claim Deed
related
—
Jul 24, 1989
$243,240
Peter Henning
Fox & Assc INC
Grant Deed
$206,754 · Fox & Assc INC
—
—
Woodview Park Associates
—
Deed Of Trust
related
$893,000 · Us Bank Of Washington
—
—
Woodview Park Associates
—
Deed Of Trust
related
$625,000 · Wells Fargo Bank
—
—
Woodview Park Associates
—
Deed Of Trust
related
$187,263 · 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.
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