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Property profile & analytics
FOR LEASE
Industrial properties
20011 87Th Ave SE Snohomish, WA 98296
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-0743364
For Lease
$2,060,000
20011 87Th Ave SE, Snohomish, WA 98296
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1963
Construction
WOOD
Total area
15,352 SF
Lot
2.6 ac (113,256 SF)
Zoning code
TC
APN
27052400202200
UPID
US90-0743364
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
Current use
Occupant on record · Public records
-
Belarde Company Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$2.06M
Owner & transaction history
Franklee Properties LLC · 18 yrs held
Franklee Properties LLC
since 2008
6 recorded transactions
Zoning & alternative use
TC · 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%
$2,485,000
6.5%
$2,295,000
7%
$2,130,000
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±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
$134 / 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
$20,144
Tax year 2023
Assessed value
$2,320,900
Assessed 2023
Previous assessed
$1,443,100
+60.8% YoY
Effective rate
0.87%
On assessed value
Assessed land
$2,226,700
Assessed improvement
$94,200
Land market value
$2,226,700
Improvement market value
$94,200
Total market value
$2,320,900
Applied tax rate
3,992.0000
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
1963
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
15,352 SF
Lot
2.6 ac (113,256 SF)
Zoning code
TC
APN
27052400202200
UPID
US90-0743364
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TC · Snohomish, WA
Zoning TC · permitted uses
TC · 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
1963
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.6 ac
Current owner
From public records · entity-resolved
Franklee Properties LLC
Entity
Mailing address
PO BOX 684, WOODINVILLE, WA 98072-0684
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2008
$1,270,000
Franklee Properties LLC
Gns Family LLC
Warranty Deed
$1,301,850 · First Mutual Bank
Apr 30, 2007
$1,114,928
Gns Family LLC
Jarjour,antoine & Roula
Grant Deed
$1,050,000 · Fairway Commercial Mortgage
Feb 26, 2004
—
Gns Family LLC
Jarjour,roula
Quit Claim Deed
related
—
Apr 20, 2001
$785,000
Seen On Screen INC
Haida Hide INC
Grant Deed
$670,000 · Haida Hide INC
—
—
Franklee Properties LLC
—
Deed Of Trust
related
$416,000 · Ameritrust Cdc
—
—
Seen On Screen INC
—
Deed Of Trust
related
$982,500 · Washington Mutual Fsb
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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