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Property profile & analytics
OFF-MARKET
Estimated value
$5,365,000
Warehouses
18228 State Rte 9th SE Snohomish, WA 98296
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1612278
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
33,863 SF
Lot
2.51 ac (109,336 SF)
Zoning code
CRC
APN
27051400103000
UPID
US90-1612278
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
$5.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.37M
Owner & transaction history
Clearview Mlp Rv Storage LLC · 6 yrs held
Clearview Mlp Rv Storage LLC
since 2019
7 recorded transactions
Zoning & alternative use
CRC · 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%
$6,160,000
6.5%
$5,685,000
7%
$5,280,000
Blend value · Realmo final
$5.37M
Range $4.83M – $5.90M · ±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
$158 / 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
$87,666
Tax year 2023
Assessed value
$8,684,400
Assessed 2023
Previous assessed
$1,022,400
+749.4% YoY
Effective rate
1.01%
On assessed value
Assessed land
$1,363,100
Assessed improvement
$7,321,300
Land market value
$1,363,100
Improvement market value
$7,321,300
Total market value
$8,684,400
Applied tax rate
3,669.0000
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
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
33,863 SF
Lot
2.51 ac (109,336 SF)
Zoning code
CRC
APN
27051400103000
UPID
US90-1612278
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CRC · Snohomish, WA
Zoning CRC · permitted uses
CRC · 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
2022
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
2.51 ac
Current owner
From public records · entity-resolved
Clearview Mlp Rv Storage LLC
Entity
Mailing address
11946 E HACKAMORE DR, SCOTTSDALE, AZ 85255-0403
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
Jul 19, 2021
—
Clearview Mlp Rv Storage LLC
—
Deed
related
$10,700,000 · Peoples Bank
Oct 9, 2020
—
Clearview Mlp Rv Storage LLC
—
Deed
related
$11,121,213 · Coastal Community Bank
Sep 30, 2019
$3,600,000
Clearview Mlp Rv Storage LLC
Allenwood LLC
Warranty Deed
—
Jul 31, 2018
$2,350,000
Allenwood L L C
Smiff Center LLC
Warranty Deed
$1,762,500 · Coastal Community Bank
Aug 11, 2017
—
Smiff Center LLC
Frisch H P & J P G Trust
Quit Claim Deed
related
—
Nov 10, 2016
—
Smiff Center LLC
—
Deed
related
$450,000 · Mountain Pacific Bank
Oct 27, 2016
—
Frisch & Johnson-frisch Living Trust
Smiff Center LLC
Quit Claim Deed
related
—
Dec 1, 2015
—
Frisch & Johnson-frisch Living Trust
Smiff Center LLC
Quit Claim Deed
related
—
Apr 9, 2010
$55,898
State Of Wa Dept/transportation
Smiff Center LLC
Warranty Deed
—
Aug 10, 2006
—
Smiff Center LLC
Frisch,h Patrick
Quit Claim Deed
related
—
Oct 29, 1993
—
Richard J Erhart
Veterans Adminis
Grant Deed
related
—
Sep 1, 1989
$250,000
James A Frisch
Unknown
Grant Deed
$200,000 · Seller
—
—
Smiff Center LLC
—
Deed Of Trust
related
$780,000 · Western Masonry INC
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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