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Property profile & analytics
OFF-MARKET
Estimated value
$2,570,000
Industrial properties
21015 State Rte 9th NE Arlington, WA 98223-8260
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1125963
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
13,642 SF
Lot
5.44 ac (236,966 SF)
Zoning code
GC
APN
31051100400500
UPID
US90-1125963
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
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Eric T Fritch · 6 yrs held
Eric T Fritch
since 2020
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
GC · Arlington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+95.7%
Commercial (general)
$2.3M
+92.3%
Office building
$1.7M
+44.1%
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
$3,225,000
ML approach
$3,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,315,000
Change: +96% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,275,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$1,705,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$1,580,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$2.57M
Range $2.31M – $2.83M · ±10% · vs last sale $2.50M (Feb 7 2020)
Last sale anchor
$2.50M
Feb 7 2020
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
$188 / 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
$21,041
Tax year 2023
Assessed value
$2,726,200
Assessed 2023
Previous assessed
$2,571,600
+6.0% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,668,800
Assessed improvement
$1,057,400
Land market value
$1,668,800
Improvement market value
$1,057,400
Total market value
$2,726,200
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
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
13,642 SF
Lot
5.44 ac (236,966 SF)
Zoning code
GC
APN
31051100400500
UPID
US90-1125963
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Arlington, WA
Zoning GC · permitted uses
GC · 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
RESTAURANT
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
1968
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
5.44 ac
Current owner
From public records · entity-resolved
Eric T Fritch
Individual
Mailing address
17606 STATE RTE 9TH SE, SNOHOMISH, WA 98296-8364
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2020
—
Eric T Fritch
—
Deed
related
$1,263,000 · Coastal Cmnty Bk
Mar 3, 2020
—
Eric T Fritch
—
Deed
related
$1,263,000 · Coastal Cmnty Bk
Mar 2, 2020
—
Eric T Fritch
—
Deed
related
$1,041,000 · Northwest Busn Dev Assn
Feb 7, 2020
$2,500,000
Eric T Fritch
Cook Investments Nw Arl LLC
Warranty Deed
$2,273,400 · Coastal Community Bank
Sep 25, 2019
—
Cook Invs Nw Indust Pk LLC
—
Grant Deed
related
$1,250,000 · Gallery Capital LLC
Jun 30, 2006
—
Cook Investments Nw Arl LLC
—
Deed Of Trust
related
$8,500,000 · Columbia State Bank
Jul 12, 2005
—
Cook Investments Nw Arl LLC
Cook,michael L
Quit Claim Deed
related
—
Apr 5, 2005
—
Michael L Cook
—
Deed Of Trust
related
$2,000,000 · Bingo Investments LLC
Jan 29, 2002
—
Olympic Coast Investment INC
Frontier Bank
Quit Claim Deed
related
—
Dec 9, 1998
$1,400,000
Michael L Cook
Cook,mack J & Frances
Grant Deed
related
$1,400,000 · Frontier Bank
Feb 1, 1988
$475,000
Mack Cook
Unknown
Grant Deed
$313,500 · Seller
—
—
Michael L Cook
—
Deed Of Trust
related
$1,680,000 · Cascade Bank
—
—
Eric T Fritch
—
Deed Of Trust
related
$1,263,000 · Coastal Cmnty Bk
—
—
Michael L Cook
—
Deed Of Trust
related
$9,000,000 · Horizon Bank
—
—
Michael L Cook
—
Deed Of Trust
related
—
—
—
Michael L Cook
—
Deed Of Trust
related
$4,700,000 · Olympic Coast Investment INC
—
—
Michael L Cook
—
Deed Of Trust
related
$2,100,000 · Cascade Bank
—
—
Eric T Fritch
—
Deed Of Trust
related
$1,041,000 · Northwest Busn Dev Assn
—
—
Eric T Fritch
—
Loan Modification
related
$1,263,000 · Coastal Cmnty Bk
—
—
Michael L Cook
—
Deed Of Trust
related
$1,537,972 · Horizon Bank
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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