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Property profile & analytics
OFF-MARKET
Industrial properties
16001 Ml Crk Blvd Mill Creek, WA 98012-1542
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1007324
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
21,755 SF
Lot
1.19 ac (51,836 SF)
Zoning code
BP
APN
689100002300
UPID
US90-1007324
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Matand Associates LLC · 2 yrs held
Matand Associates LLC
since 2024
Last sale
$334,659
3 recorded transactions
Zoning & alternative use
BP · Mill Creek, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
17.20 BP - Business Park 17.21 TC - Town Center 17.22 General Provisions and Standards 17.23 Home Occupations 17.24 Maintenance and Alterations of Structures and Landscaping 17.26 Signs 17.27 Parking Standards and Requirements 17.28 Conditional Uses 17.29 Wireless Communications Facilities 17.30 Variances 17.32 Nonconforming Uses, Structures and Lots 17.34 D…
Zone name
Business Park
General category
INDUSTRIAL
Zone area
143.10 ac
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 Mill Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mill Creek 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
—
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
$38,840
Tax year 2023
Assessed value
$4,216,100
Assessed 2023
Previous assessed
$3,867,600
+9.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,864,300
Assessed improvement
$2,351,800
Land market value
$1,864,300
Improvement market value
$2,351,800
Total market value
$4,216,100
Applied tax rate
520.0000
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
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
21,755 SF
Lot
1.19 ac (51,836 SF)
Zoning code
BP
APN
689100002300
UPID
US90-1007324
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BP · Mill Creek, WAZoning BP · permitted uses
BP · Mill Creek, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
17.20 BP - Business Park 17.21 TC - Town Center 17.22 General Provisions and Standards 17.23 Home Occupations 17.24 Maintenance and Alterations of Structures and Landscaping 17.26 Signs 17.27 Parking Standards and Requirements 17.28 Conditional Uses 17.29 Wireless Communications Facilities 17.30 Variances 17.32 Nonconforming Uses, Structures and Lots 17.34 Design Review 17.38 Amendments and Development Agreements 17.40 Enforcement 17.42 Fees and Expenses 17.44 Security Devices 17.48 Development Impact Mitigation 17.50 Electric Vehicle Infrastructure Mill Creek Municipal Code
Zone name
Business Park
General category
INDUSTRIAL
Zone area
143.10 ac
Building & site characteristics
From public records
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Matand Associates LLC
Entity
Free & Clear · 2 yrs held
Mailing address
16001 ML CRK BLVD, MILL CREEK, WA 98012-1542
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
—
Matand Associates LLC
Matand Associates
Intrafamily Transfer
related
—
Aug 8, 1996
—
City Of Mill Creek
Matand Associates
Quit Claim Deed
related
—
Feb 1, 1989
$334,659
Matand Associates
Unknown
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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