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Property profile & analytics
OFF-MARKET
Estimated value
$6,275,000
Warehouses
15318 39th NE Ave Marysville, WA 98271-8902
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1171973
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
WOOD
Total area
35,500 SF
Lot
2.08 ac (90,605 SF)
Zoning code
M4
APN
31053300204500
UPID
US90-1171973
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
-
Cascade Aviation Services, Inc. Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.91M
Comparable Approach
Comparable
$7.05M
Blend (final)
Blend
$6.28M
Owner & transaction history
Pb Associates LLC · 11 yrs held
Pb Associates LLC
since 2014
7 recorded transactions
Zoning & alternative use
M4 · Marysville, 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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,480,000
6.5%
$6,905,000
7%
$6,410,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,250,000
Current use
INDUSTRIAL (GENERAL)
$9,005,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$6.28M
Range $5.65M – $6.90M · ±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
$177 / 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
$32,601
Tax year 2023
Assessed value
$4,103,500
Assessed 2023
Previous assessed
$3,664,000
+12.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$1,177,900
Assessed improvement
$2,925,600
Land market value
$1,177,900
Improvement market value
$2,925,600
Total market value
$4,103,500
Applied tax rate
514.0000
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
2000
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
35,500 SF
Lot
2.08 ac (90,605 SF)
Zoning code
M4
APN
31053300204500
UPID
US90-1171973
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M4 · Marysville, WA
Zoning M4 · permitted uses
M4 · 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
$10.3M
INDUSTRIAL (GENERAL)
Est. value
$9.0M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
2.08 ac
Current owner
From public records · entity-resolved
Pb Associates LLC
Entity
Mailing address
9800 HARBOUR PL STE #205, MUKILTEO, WA 98275-4749
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2017
—
Pb Associates LLC
—
Deed
related
$600,000 · Coastal Community Bank
Aug 19, 2014
—
Pb Associates LLC
Resource Transition Consultants LLC
Special Warranty Deed
$1,688,000 · Heritage Bank
Mar 18, 2008
$2,750,000
Premier Pacific Properties LLC
Mjm Building LLC
Warranty Deed
$2,000,000 · Bank Of The West
Jun 27, 2005
$2,300,000
Mjm Building LLC
M A King LLC
Warranty Deed
$1,888,000 · Pacifica Bank
May 23, 2003
—
M A King LLC
King,michael D & Astrid M
Quit Claim Deed
related
—
Jun 19, 2000
$92,941
Michael D King
King,dale E
Quit Claim Deed
related
$1,068,750 · Frontier Bank
—
—
Premier Pacific Properties LLC
—
Deed Of Trust
related
$3,750,000 · Cp Arlington LLC
—
—
Michael D King
—
Deed Of Trust
related
$115,000 · Frontier Bank
—
—
Michael D King
—
Deed Of Trust
related
$100,000 · Frontier 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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