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Property profile & analytics
FOR LEASE
Industrial properties
19405 68Th Dr NE Arlington, WA 98223
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1166120
For Lease
$14,540,000
19405 68Th Dr NE, Arlington, WA 98223
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
239,844 SF
Lot
12.48 ac (543,629 SF)
Zoning code
GI
APN
31051400302400
UPID
US90-1166120
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
$14.54M
Owner & transaction history
State Of Washington · 1 yrs held
State Of Washington
since 2025
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$61 / 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
$151,433
Tax year 2023
Assessed value
$19,628,500
Assessed 2023
Previous assessed
$15,975,000
+22.9% YoY
Effective rate
0.77%
On assessed value
Assessed land
$4,861,200
Assessed improvement
$14,767,300
Land market value
$4,861,200
Improvement market value
$14,767,300
Total market value
$19,628,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Total area
239,844 SF
Lot
12.48 ac (543,629 SF)
Zoning code
GI
APN
31051400302400
UPID
US90-1166120
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.
Building & site characteristics
From public records
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
12.48 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
3023 80TH AVE SE STE #201, MERCER ISLAND, WA 98040-6014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 11, 2025
—
Weiss Company Xi LLC
—
Deed
related
$14,265,000 · Coastal Community Bank
Feb 12, 2025
—
State Of Washington
Weiss Company Xi LLC
Deed
—
Nov 7, 2022
—
Weiss Company Xi LLC
—
Deed
related
$2,000,000 · Coastal Community Bank
Dec 18, 2020
—
Weiss Co Xi LLC
—
Deed Of Trust
related
$450,000 · Coastal Cmnty Bk
Mar 20, 2020
—
Weiss Co Xi LLC
—
Deed
related
—
Oct 1, 2018
—
Weiss Co Xi LLC
—
Grant Deed
related
$10,250,000 · Iborrow Fin Loan Fund I LP
Aug 23, 2018
—
Weiss Co Xi LLC
Weiss-mctaggart LLC
Quit Claim Deed
related
—
Feb 13, 2018
—
Weiss Mctaggart LLC
—
Deed
related
$8,288,202 · Pdm Investments LLC
Apr 10, 2014
$7,093,110
Weiss Mctaggart LLC
Arlington Investors LLC
Warranty Deed
$8,515,000 · Banner Bank
Aug 2, 1996
$5,600,000
Arlington Investors LLC
Pacific Medical Associates
Grant Deed
$3,920,000 · Jackson National Life Insuranc
Sep 1, 1988
$491,055
Med Assoc Pacific
Unknown
Grant Deed
—
—
—
Arlington Investors LLC
—
Deed Of Trust
related
$2,900,000 · Amerus Life Insurance Co
—
—
Weiss Co Xi LLC
—
Loan Modification
related
—
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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