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Property profile & analytics
OFF-MARKET
Estimated value
$12,880,000
Warehouses
17117 59th NE Ave Arlington, WA 98223-4750
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-0447235
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
93,276 SF
Lot
6.38 ac (277,913 SF)
Zoning code
LI
APN
31052700100200
UPID
US90-0447235
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
$12.88M
Owner & transaction history
Nwb Crown Building LLC · 6 yrs held
Nwb Crown Building LLC
since 2019
7 recorded transactions
Zoning & alternative use
LI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$138 / 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
$109,825
Tax year 2023
Assessed value
$14,235,000
Assessed 2023
Previous assessed
$12,325,000
+15.5% YoY
Effective rate
0.77%
On assessed value
Assessed land
$3,175,200
Assessed improvement
$11,059,800
Land market value
$3,175,200
Improvement market value
$11,059,800
Total market value
$14,235,000
Applied tax rate
110.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
93,276 SF
Lot
6.38 ac (277,913 SF)
Zoning code
LI
APN
31052700100200
UPID
US90-0447235
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Arlington, WA
Zoning LI · permitted uses
LI · 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
2002
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
6.38 ac
Current owner
From public records · entity-resolved
Nwb Crown Building LLC
Entity
Free & Clear · 6 yrs held
Mailing address
10230 NE PTS DR STE #410, KIRKLAND, WA 98033-7897
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2020
—
Nwb Crown Building LLC
—
Deed
related
$7,800,000 · Miscellaneous Ins Co
Sep 18, 2019
$12,200,000
Nwb Crown Building LLC
Spirit Spe Crown 2014-1 LLC
Warranty Deed
—
Nov 24, 2014
$14,250,000
Spirit Spe Crown 2014-1 LLC
Barley Equities Vi LLC
Warranty Deed
—
Apr 18, 2007
$12,750,000
Barley Equities Vi LLC
Exit 206 LLC
Warranty Deed
$10,200,000 · Bank Of America NA
Apr 7, 2004
—
City Of Arlington
Crown Park LLC
Warranty Deed
related
—
Jan 22, 2002
—
Washington State
Exit 206 LLC
Grant Deed
related
—
Dec 10, 2001
—
Crown Park LLC
Exit 206 LLC
Grant Deed
related
—
Jun 5, 2001
$1,151,135
Exit 206 LLC
Crown Park LLC
Grant Deed
$7,254,057 · Horizon Bank
Apr 24, 2001
—
Crown Park LLC
Poetcisoender Investments LLC
Quit Claim Deed
related
—
Apr 4, 2001
$650,000
Roetcisender Investments LLC
Parkinson,gary A & Denise J
Grant Deed
—
—
—
Gary A Parkinson
—
Deed Of Trust
related
$105,277 · Coastal Community Bank
—
—
Gary Parkinson
—
Deed Of Trust
related
$70,820 · Coastal Community Bank
—
—
Nwb Crown Building LLC
—
Deed Of Trust
related
$7,800,000 · Miscellaneous Ins Co
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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