Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Office buildings
17215 Smokey Pt Dr Arlington, WA 98223-8798
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-1658021
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1989
Construction
WOOD
Total area
5,438 SF
Lot
0.43 ac (18,731 SF)
Zoning code
A4
APN
645300000100
UPID
US90-1658021
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
$1.59M
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$1.32M
Owner & transaction history
Tcet Holding LLC · 12 yrs held
Tcet Holding LLC
since 2013
7 recorded transactions
Zoning & alternative use
A4 · Arlington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+9.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,720,000
6.5%
$1,590,000
7%
$1,475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,940,000
Current use
MEDICAL BUILDING
$2,125,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,650,000
Change: -15% · Conversion: Easy
RETAIL STORES
$1,585,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$242 / 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
$10,164
Tax year 2023
Assessed value
$1,297,000
Assessed 2023
Previous assessed
$1,158,000
+12.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$353,400
Assessed improvement
$943,600
Land market value
$353,400
Improvement market value
$943,600
Total market value
$1,297,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
5,438 SF
Lot
0.43 ac (18,731 SF)
Zoning code
A4
APN
645300000100
UPID
US90-1658021
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Tcet Holding LLC
Entity
Mailing address
17215 SMOKEY PT DR, ARLINGTON, WA 98223-8798
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2021
—
Tcet Holding LLC
—
Deed
related
$1,275,000 · First Citizens Bank & Trust Co
Dec 13, 2013
$850,000
Tcet Holding LLC
Dabestani,alayar & Gitty
Warranty Deed
$2,095,000 · Live Oak Bkg
Dec 9, 1999
$231,898
Alayar Dabestani
Clark,jack D & Pamela J
Quit Claim Deed
related
—
Apr 5, 1996
$550,000
Alayar Dabestani
Monty,ralph G & Mary A
Grant Deed
$250,000 · Seller
Sep 1, 1992
$955,480
Accting/finance
Unknown
Grant Deed
related
—
—
—
Alayar Dabestani
—
Deed Of Trust
related
$470,000 · Coastal Community Bank
—
—
Tcet Holding LLC
—
Loan Modification
related
$2,457,000 · Live Oak Bkg
—
—
Alayar Dabestani
—
Deed Of Trust
related
$536,508 · Key Bank NA
—
—
Alayar Dabestani
—
Deed Of Trust
related
$50,000 · Key Bank NA
—
—
Alayar Dabestani
—
Deed Of Trust
related
$500,000 · Pacific Continental 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 17215 Smokey Pt Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
