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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Warehouses
1725 Garrett St Enumclaw, WA 98022-3467
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-1071475
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
STEEL FRAME
Total area
23,640 SF
Lot
2.01 ac (87,480 SF)
Zoning code
LI
APN
236100-0075
UPID
US90-1071475
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
$2.90M
Owner & transaction history
Robert M Bailie · 14 yrs held
Robert M Bailie
since 2012
7 recorded transactions
Zoning & alternative use
LI · Enumclaw, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The LI light industrial district is intended to create, preserve and enhance areas containing a wide range of manufacturing, processing, wholesaling, distributing, storage, and similar activities, together with associated administrative and office uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
298.19 ac
Source
Realmo
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 Enumclaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Enumclaw 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
$123 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$19,847
Tax year 2022
Assessed value
$2,184,600
Assessed 2022
Previous assessed
$2,184,600
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$612,300
Assessed improvement
$1,572,300
Land market value
$612,300
Improvement market value
$1,572,300
Total market value
$2,184,600
Applied tax rate
1,175.0000
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
STEEL FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Total area
23,640 SF
Lot
2.01 ac (87,480 SF)
Zoning code
LI
APN
236100-0075
UPID
US90-1071475
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Enumclaw, WAZoning LI · permitted uses
LI · Enumclaw, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The LI light industrial district is intended to create, preserve and enhance areas containing a wide range of manufacturing, processing, wholesaling, distributing, storage, and similar activities, together with associated administrative and office uses
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
298.19 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Robert M Bailie
Individual
Mailing address
PO BOX 322, REDMOND, WA 98073-0322
Ownership since
2012
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
May 13, 2024
—
Robert M Baillie
—
Deed
related
$1,895,000 · Bay Commercial Bank
Jan 24, 2018
—
Robert M Baili
—
Deed
related
$1,895,000 · Bay Commercial Bank
Feb 13, 2012
—
Robert M Bailie
Potter,darrel V
Quit Claim Deed
related
—
May 28, 2002
—
Darrell V Potter
—
Trustees Deed
related
$1,214,000 · Mt Rainier National Bank
Dec 11, 2000
$65,600
Darrel V Potter
Summer Pond Properties INC
Quit Claim Deed
related
$1,110,000 · Mt Rainier National Bank
Dec 11, 2000
—
Robert M Bailie
Bailie,carol D
Quit Claim Deed
related
—
—
—
Darrel V Potter
—
Deed Of Trust
related
$1,144,100 · Kitsap Bank
—
—
Robert M Bailie
—
Deed Of Trust
related
$989,381 · Kitsap 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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