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Property profile & analytics
FOR SALE
Warehouses
18824 Smokey Pt Blvd 1 Arlington, WA 98223-4261
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0510952
No photos on file
For Sale
$3,895,000
18824 Smokey Pt Blvd,Unit 1, Arlington, WA 98223-4261
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
STEEL FRAME
Total area
3,500 SF
Zoning code
IP
APN
1100600000100
UPID
US90-0510952
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
$680k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Powers Investing LLC · 16 yrs held
Powers Investing LLC
since 2010
7 recorded transactions
Zoning & alternative use
IP · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$680,000
7%
$630,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$167 / 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
$4,500
Tax year 2023
Assessed value
$616,000
Assessed 2023
Previous assessed
$604,000
+2.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$91,600
Assessed improvement
$524,400
Land market value
$91,600
Improvement market value
$524,400
Total market value
$616,000
Applied tax rate
123.0000
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
For Sale
Year built
2008
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Stories
1
Total area
3,500 SF
Zoning code
IP
APN
1100600000100
UPID
US90-0510952
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IP · Arlington, WA
Zoning IP · permitted uses
IP · 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
2008
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Powers Investing LLC
Entity
Mailing address
18824 SMOKEY PT BLVD STE #101, ARLINGTON, WA 98223-4261
Ownership since
2010
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 22, 2025
—
Powers Investing LLC
—
Deed
related
$3,436,560 · Washington Trust Bank
Mar 17, 2020
—
Powers Investing LLC
—
Deed
related
$338,480 · Banner Bk
Jan 19, 2010
—
Powers Investing LLC
Powers,michael W
Quit Claim Deed
related
—
Nov 30, 2009
$437,500
Michael W Powers
Herdt Properties LLC
Warranty Deed
$502,848 · Skagit State Bank
—
—
Powers Investing LLC
—
Deed Of Trust
related
$338,480 · Banner Bk
—
—
Powers Investing LLC
—
Deed Of Trust
related
$600,000 · Skagit State Bank
—
—
Powers Investing LLC
—
Deed Of Trust
related
$150,000 · Skagit State Bank
—
—
Powers Investing LLC
—
Deed Of Trust
related
$230,000 · Ameritrust Cdc
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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