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Property profile & analytics
OFF-MARKET
Estimated value
$4,200,000
Automotive properties
16520 Smokey Pt Blvd Arlington, WA 98223-8408
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0992009
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1997
Construction
WOOD
Total area
1,782 SF
Lot
4.97 ac (216,493 SF)
Zoning code
A4
APN
31052900101300
UPID
US90-0992009
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
$4.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.20M
Owner & transaction history
Hawk Financial 1 LLC · 2 yrs held
Hawk Financial 1 LLC
since 2024
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
A4 · Arlington, 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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$4,200,000
ML approach
$4,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10% · vs last sale $4.20M (Jan 12 2024)
Last sale anchor
$4.20M
Jan 12 2024
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
$2,357 / 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
$31,670
Tax year 2023
Assessed value
$3,815,100
Assessed 2023
Previous assessed
$3,051,500
+25.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$3,680,400
Assessed improvement
$134,700
Land market value
$3,680,400
Improvement market value
$134,700
Total market value
$3,815,100
Applied tax rate
116.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
1,782 SF
Lot
4.97 ac (216,493 SF)
Zoning code
A4
APN
31052900101300
UPID
US90-0992009
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
A4 · Arlington, WA
Zoning A4 · permitted uses
A4 · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
4.97 ac
Current owner
From public records · entity-resolved
Hawk Financial 1 LLC
Entity
Mailing address
PO BOX 1647, SNOHOMISH, WA 98291-1647
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
—
Hawk Financial 1 LLC
—
Deed
related
$500,000 · Coastal Community Bank
Jan 12, 2024
$4,200,000
Hawk Financial 1 LLC
Leedawn Capital LLC
Warranty Deed
$2,200,000 · Coastal Community Bank
Oct 18, 2021
$3,950,000
Leedawn Capital LLC
Karen I Pursel
Warranty Deed
$3,434,000 · Heritage Southeast Bank
Jun 10, 2021
—
Karen Pursel
Victor E Cox JR
Quit Claim Deed
related
—
Apr 23, 1999
—
Victor E Cox
—
Grant Deed
related
$600,000 · First Heritage Bank
Mar 15, 1995
$775,000
Karen I Pursel
Strahm,frank A & Barbara J
Grant Deed
$300,000 · Individual
—
—
Victor E Cox
—
Deed Of Trust
related
$694,575 · Frontier Bank
—
—
Karen I Pursel
—
Deed Of Trust
related
$500,000 · Whidbey Island 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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