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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Warehouses
16820 Bothell Everett Hwy Mill Creek, WA 98012-6322
Individually Owned
4-yr Hold
Property ID
US90-3331826
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Construction
WOOD FRAME
Total area
36,111 SF
Lot
4.82 ac (209,959 SF)
Zoning code
BP
APN
27050700100400
UPID
US90-3331826
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
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Ssgt II 16824 Bothell Everett Hwy L · 4 yrs held
Ssgt II 16824 Bothell Everett Hwy L
since 2022
Last sale
$1.7M
7 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
Method
Estimation
Statistic approach
$1,650,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10% · vs last sale $1.66M (Jun 14 2022)
Last sale anchor
$1.66M
Jun 14 2022
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
$47 / 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
$33,842
Tax year 2023
Assessed value
$3,910,900
Assessed 2023
Previous assessed
$804,800
+385.9% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,178,200
Assessed improvement
$2,732,700
Land market value
$1,178,200
Improvement market value
$2,732,700
Total market value
$3,910,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Construction
WOOD FRAME
Heating
YES
Cooling
NONE
Buildings
3
Stories
3
Rooms
6
Bathrooms
2
Total area
36,111 SF
Lot
4.82 ac (209,959 SF)
Zoning code
BP
APN
27050700100400
UPID
US90-3331826
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
2022
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Rooms
6
Bathrooms
2
Lot
4.82 ac
Current owner
From public records · entity-resolved
Ssgt II 16824 Bothell Everett Hwy L
Individual
Mailing address
10 TER RD, LADERA RANCH, CA 92694-1182
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
—
Ssgt II 16824 Bothell Everett Hwy L
Ssgt II 16824 Bothell Everett Hwy L
Intrafamily Transfer
related
—
Sep 16, 2020
$1,662,912
Ssgt II 16824 Bothell Everett
Mill Crk Commons Phase II LLC
Grant Deed
—
Oct 7, 2016
—
Mill Creek Commons Phase II Ll
—
Deed
related
$450,000 · Metco Homes LLC
Feb 2, 2015
—
Mill Creek Commons Phase III L
Mill Creek Commons Phase II Ll
Quit Claim Deed
related
—
Dec 26, 2007
—
Mill Creek Commons Ph II LLC
Lee,david A & Claudia
Quit Claim Deed
related
$850,000 · Bank Of Everett
Apr 15, 2005
$550,000
David A Lee
Seib,charles K
Warranty Deed
$550,000 · Wells Fargo Bank
—
—
Mill Creek Commons Phase II Ll
—
Deed Of Trust
related
$450,000 · Metco Homes LLC
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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