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Property profile & analytics
OFF-MARKET
Estimated value
$9,375,000
Warehouses
15414 Smokey Pt Blvd Marysville, WA 98271-5953
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1385270
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2015
Construction
TYPE NOT SPECIFIED
Total area
39,240 SF
Lot
4.06 ac (176,854 SF)
Zoning code
M4
APN
31053200100600
UPID
US90-1385270
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
-
Smokey Point Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.59M
Comparable Approach
Comparable
$12.08M
Blend (final)
Blend
$9.38M
Owner & transaction history
Cascade Storage LLC · 24 yrs held
Cascade Storage LLC
since 2001
7 recorded transactions
Zoning & alternative use
M4 · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.3M
+35.2%
Office building
$13.9M
+22.8%
Commercial (general)
$11.9M
+5.0%
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%
$7,140,000
6.5%
$6,590,000
7%
$6,120,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,335,000
Current use
MEDICAL BUILDING
$15,320,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$13,915,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,895,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,950,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$9.38M
Range $8.44M – $10.31M · ±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
$239 / 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
$87,843
Tax year 2023
Assessed value
$11,059,000
Assessed 2023
Previous assessed
$9,874,000
+12.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$3,451,000
Assessed improvement
$7,608,000
Land market value
$3,451,000
Improvement market value
$7,608,000
Total market value
$11,059,000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
5
Stories
1
Total area
39,240 SF
Lot
4.06 ac (176,854 SF)
Zoning code
M4
APN
31053200100600
UPID
US90-1385270
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
$11.3M
MEDICAL BUILDING
Est. value
$15.3M
OFFICE BUILDING
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$11.9M
INDUSTRIAL (GENERAL)
Est. value
$10.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2015
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
4.06 ac
Current owner
From public records · entity-resolved
Cascade Storage LLC
Entity
Mailing address
4012 148TH ST SE, MILL CREEK, WA 98012-4740
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2001
—
Cascade Storage LLC
Ballinger,wade B
Quit Claim Deed
related
—
Feb 26, 1998
—
Scott Ballinger
Jay,cindi B
Quit Claim Deed
related
—
Feb 26, 1998
$2,982,500
Ballinger,scott
Stor-more Partnership #1
Trustees Deed
—
Nov 1, 1993
—
Stor-more Ltd Ptshp No 1
Boyce,collin
Quit Claim Deed
related
—
Sep 1, 1991
$390,000
Dean Nichols
Unknown
Grant Deed
$300,300 · Seller
—
—
Wade B Ballinger
—
Deed Of Trust
related
$1,650,000 · Us Bank
—
—
Cascade Storage LLC
—
Deed Of Trust
related
—
—
—
Elizabeth A Harvey
—
Deed Of Trust
related
$170,600 · Abn Amro Mortgage Group INC
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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