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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Industrial properties
1701 1st St Snohomish, WA 98290-2660
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-2992628
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
WOOD FRAME
Total area
4,560 SF
Lot
0.96 ac (41,818 SF)
Zoning code
R2
APN
28051300403300
UPID
US90-2992628
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
-
Affordable WA Backflow Testing Plumbing Service General Contractor
-
Art Culinaire Corporate Office
-
Macks Towing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$540k
Owner & transaction history
Bre Investment I LLC · 8 yrs held
Bre Investment I LLC
since 2017
7 recorded transactions
Zoning & alternative use
R2 · Snohomish, 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 Snohomish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snohomish 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%
$740,000
6.5%
$680,000
7%
$635,000
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$118 / 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
$11,335
Tax year 2023
Assessed value
$1,280,000
Assessed 2023
Previous assessed
$1,133,000
+13.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$504,400
Assessed improvement
$775,600
Land market value
$504,400
Improvement market value
$775,600
Total market value
$1,280,000
Applied tax rate
735.0000
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
1986
Construction
WOOD FRAME
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Total area
4,560 SF
Lot
0.96 ac (41,818 SF)
Zoning code
R2
APN
28051300403300
UPID
US90-2992628
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Snohomish, WA
Zoning R2 · permitted uses
R2 · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snohomish. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Bre Investment I LLC
Entity
Mailing address
WOODINVILLE, WA 98072
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2018
—
Bre Investment I LLC
—
Deed
related
$501,615 · Banner Bank
Aug 7, 2017
$1,095,000
Bre Investment I LLC
1701 1st St LLC
Warranty Deed
$714,000 · Banner Bank
Jun 21, 2016
$675,000
1701 1st St LLC
1701 First Street Snohomish LLC
Warranty Deed
$540,000 · Us Bank NA
Jan 28, 2010
—
Samuel A Matsen
Matsen,chrisanne T
Quit Claim Deed
related
—
Jan 28, 2003
$602,500
Samuel A Matsen
First Street Associates LLC
Grant Deed
$502,000 · First Street Associates LLC
Feb 21, 2002
$147,500
James A Kapelke
First Street Associates LLC
Grant Deed
$122,500 · First Street Associates LLC
Feb 21, 2002
—
First Street Associates LLC
Nelson,thomas M
Grant Deed
related
—
—
—
Thomas M Nelson
—
Deed Of Trust
related
$350,000 · Peoples Bank & Trust
—
—
1701 First Street Snohomish Ll
—
Deed Of Trust
related
$290,290 · Isola Financial LLC
—
—
First Street Associates LLC
—
Deed Of Trust
related
$470,000 · Pacific Northwest Bank
—
—
Thomas M Nelson
—
Deed Of Trust
related
$175,000 · Peoples Bank & Trust
—
—
Thomas M Nelson
—
Deed Of Trust
related
$200,000 · Peoples Bank & Trust
—
—
Thomas M Nelson
—
Deed Of Trust
related
$450,000 · Pacific Northwest Bank
—
—
1701 First Street Snohomish Ll
—
Deed Of Trust
related
$410,000 · Wadot Cap
—
—
Thomas M Nelson
—
Deed Of Trust
related
$40,000 · Individual
—
—
Thomas M Nelson
—
Deed Of Trust
related
$150,000 · Pacific Northwest 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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