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Property profile & analytics
OFF-MARKET
Estimated value
$4,745,000
Manufacturing properties
2317 Machias Rd Lake Stevens, WA 98258-9344
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0740687
Property profile
Verified
Property type
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Year built
1901
Construction
WOOD
Total area
2,250 SF
Lot
4.05 ac (176,418 SF)
Zoning code
SC
APN
29060900201400
UPID
US90-0740687
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
$4.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.75M
Owner & transaction history
Catapult Property Acquisitions LLC · 4 yrs held
Catapult Property Acquisitions LLC
since 2022
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
SC · Lake Stevens, 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 Lake Stevens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Stevens 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
$4,710,000
ML approach
$4,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.75M
Range $4.27M – $5.22M · ±10% · vs last sale $4.75M (Mar 28 2022)
Last sale anchor
$4.75M
Mar 28 2022
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
$2,109 / 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
$19,479
Tax year 2023
Assessed value
$645,000
Assessed 2023
Previous assessed
$557,000
+15.8% YoY
Effective rate
3.02%
On assessed value
Assessed land
$529,300
Assessed improvement
$115,700
Land market value
$529,300
Improvement market value
$115,700
Total market value
$645,000
Applied tax rate
406.0000
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
Manufacturing properties
Use group
FOUNDRY, INDUSTRIAL PLANT
Status
Off-Market
Year built
1901
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
2,250 SF
Lot
4.05 ac (176,418 SF)
Zoning code
SC
APN
29060900201400
UPID
US90-0740687
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SC · Lake Stevens, WA
Zoning SC · permitted uses
SC · Lake Stevens, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Stevens. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1901
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
4.05 ac
Current owner
From public records · entity-resolved
Catapult Property Acquisitions LLC
Entity
Mailing address
2317 N MACHIAS RD, LAKE STEVENS, WA 98258-9344
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$4,750,000
Catapult Property Acquisitions LLC
Cherie Dawn Baker
Warranty Deed
—
Sep 28, 2001
—
Sternola Trust
—
Deed Of Trust
related
$1,800,000 · Wells Fargo Bank Northwest NA
Mar 1, 1990
$295,000
Joseph Sternola
Unknown
Grant Deed
$236,000 · Seller
—
—
Sternola Trust
—
Deed Of Trust
related
$150,000 · City Bank
—
—
Sternola Trust
—
Deed Of Trust
related
$250,000 · City Bank
—
—
Sternola Trust
—
Deed Of Trust
related
$691,836 · City Bank
—
—
Joseph A Sternola
—
Deed Of Trust
related
$169,592 · City Bank
—
—
Sternola Trust
—
Deed Of Trust
related
$587,147 · City Bank
—
—
Sternola Trust
—
Deed Of Trust
related
$1,580,758 · City Bank
—
—
Sternola Trust
—
Deed Of Trust
related
$1,134,327 · City Bank
—
—
Sternola Trust
—
Deed Of Trust
related
$248,794 · City Bank
—
—
Sternola Trust
—
Deed Of Trust
related
$1,018,381 · City 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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