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Property profile & analytics
OFF-MARKET
Estimated value
$8,155,000
Warehouses
19223 68th NE Dr Arlington, WA 98223
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-2161119
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
45,000 SF
Lot
9.43 ac (410,771 SF)
Zoning code
GI
APN
31051400302900
UPID
US90-2161119
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
$8.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.16M
Owner & transaction history
Rlr Investments LLC · 7 yrs held
Rlr Investments LLC
since 2018
5 recorded transactions
Zoning & alternative use
GI · 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%
$9,485,000
6.5%
$8,755,000
7%
$8,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,995,000
Current use
Blend value · Realmo final
$8.16M
Range $7.34M – $8.97M · ±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
$181 / 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
$79,238
Tax year 2023
Assessed value
$10,168,400
Assessed 2023
Previous assessed
$7,689,500
+32.2% YoY
Effective rate
0.78%
On assessed value
Assessed land
$4,019,300
Assessed improvement
$6,149,100
Land market value
$4,019,300
Improvement market value
$6,149,100
Total market value
$10,168,400
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
2020
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
45,000 SF
Lot
9.43 ac (410,771 SF)
Zoning code
GI
APN
31051400302900
UPID
US90-2161119
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GI · Arlington, WA
Zoning GI · permitted uses
GI · 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
WAREHOUSE, STORAGE Current
Est. value
$13.0M
WAREHOUSE, STORAGE Current
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
2020
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
9.43 ac
Current owner
From public records · entity-resolved
Rlr Investments LLC
Entity
Free & Clear · 7 yrs held
Mailing address
600 GILLIAM RD, WILMINGTON, OH 45177-9089
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2018
$3,350,000
Rlr Investments LLC
Opal Properties LLC
Grant Deed
—
Jul 22, 2005
$1,684,337
Opal Properties LLC
Arlington Pacific LLC
Warranty Deed
$1,200,000 · Cascade Bank
Jul 16, 2001
—
Arlington Pacific LLC
—
Trustees Deed
related
$2,268,395 · Frontier Bank
Dec 12, 2000
—
West Coast Forest Products INC
Sekisui House America INC
Grant Deed
$50,000 · Sunrock Capital Corp
Oct 1, 1990
$903,791
Sekisui House America INC
Unknown
Grant Deed
—
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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