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Property profile & analytics
OFF-MARKET
Estimated value
$5,745,000
Industrial properties
1546 Boalch NW Ave North Bend, WA 98045-8127
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1094237
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Construction
WOOD
Total area
53,192 SF
Lot
6.11 ac (265,998 SF)
Zoning code
NB
APN
042308-9027
UPID
US90-1094237
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
-
Mt Si Gymnastics Academy Gym & Fitness Center
-
Mt Si Sports + Fitness Gym & Fitness Center
-
Avid CNC Industrial Manufacturer Factory
-
Farma-Tech Int Professional Services
-
Tuck and Roll Preschool High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.75M
Owner & transaction history
Mt Si Business Park LLC · 10 yrs held
Mt Si Business Park LLC
since 2015
7 recorded transactions
Zoning & alternative use
NB · North Bend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Neighborhood Business (NB) Neighborhood Mixed Use (NMU) Downtown Commercial (DC) Interchange Commercial (IC) Interchange Mixed Use (IMU) Business Park (BP) Employment Park (EP) Parks, Open Space and Public Facilities (POSPF) (Ord. 1824 § 5 (App. B), 2024; Ord. 1576 § 1, 2016: Ord. 1325 § 1 (part), 2008: Ord. 1256 § 1 (part), 2006: Ord. 1020 (part), 1997). 18…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
111.44 ac
Source
North Bend Municipal Code
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 North Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bend 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
$108 / 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
$56,991
Tax year 2022
Assessed value
$6,638,300
Assessed 2022
Previous assessed
$6,638,300
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,063,900
Assessed improvement
$5,574,400
Land market value
$1,063,900
Improvement market value
$5,574,400
Total market value
$6,638,300
Applied tax rate
1,925.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
SPACE
Buildings
2
Stories
1
Total area
53,192 SF
Lot
6.11 ac (265,998 SF)
Zoning code
NB
APN
042308-9027
UPID
US90-1094237
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · North Bend, WAZoning NB · permitted uses
NB · North Bend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Neighborhood Business (NB) Neighborhood Mixed Use (NMU) Downtown Commercial (DC) Interchange Commercial (IC) Interchange Mixed Use (IMU) Business Park (BP) Employment Park (EP) Parks, Open Space and Public Facilities (POSPF) (Ord. 1824 § 5 (App. B), 2024; Ord. 1576 § 1, 2016: Ord. 1325 § 1 (part), 2008: Ord. 1256 § 1 (part), 2006: Ord. 1020 (part), 1997). 18.10.020 Zoning districts - Purposes. In addition to general purposes of the zoning title outlined in NBMC 18.02.020, zoning districts have the following respective purposes in subsections A, B, C, D, E, and F of this section. Chapter 18.13 NBMC describes overlay districts that apply to specific areas. A. Purposes - LDR and CLDR Districts. 1. Provide for neighborhoods of predominately single-family structures buildings at a gross density of four dwelling units per acre for LDR, with an allowance for cottage housing developments within the LDR of up to eight units per acre under limited circumstances subject to the provisions of Chapter 18.11 NBMC, Cottage Ordinance 1854, Exhibit A North Bend Municipal Code
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
111.44 ac
Source
North Bend Municipal Code
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
SPACE
Stories
1
Buildings
2
Lot
6.11 ac
Current owner
From public records · entity-resolved
Mt Si Business Park LLC
Entity
Mailing address
2100 124TH AVE NE STE #100, BELLEVUE, WA 98005-1934
Ownership since
2015
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
Feb 11, 2020
—
Mt Si Business Park LLC
—
Deed
related
$3,651,988 · Boeing Emps Cu
Dec 15, 2015
$5,200,000
Mt Si Business Park LLC
Pro Ventures LLC
Warranty Deed
$3,500,000 · Boeing Emps Cu
Jun 1, 2005
$4,675,000
Pro Ventures LLC
Rome Properties LLC
Warranty Deed
$3,350,000 · Wells Fargo Bank NA
Aug 15, 2000
$3,400,000
Rome Properties LLC
North Bend Associates
Grant Deed
$2,550,000 · Us Bank NA
Jun 5, 2000
$550,000
Calvary Chapel North Bend INC
North Bend Associates
Grant Deed
related
$495,000 · Seller
Jan 21, 1999
$1,675,000
North Bend Associates
Macdonald Family LP
Grant Deed
$1,660,000 · Cable Management
—
—
Mt Si Business Park LLC
—
Loan Modification
related
$3,651,988 · Boeing Emps Cu
—
—
North Bend Associates
—
Deed Of Trust
related
$400,000 · Everett Mutual 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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