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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Office buildings
315 Lincoln Ave Mukilteo, WA 98275-1572
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3317899
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1998
Construction
WOOD
Total area
1,646 SF
Lot
0.19 ac (8,276 SF)
Zoning code
Q2
APN
459800400700
UPID
US90-3317899
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
-
Sheets Law, PLLC Law Firm
-
Ryther North Crisis Center Medical Clinic
-
Seaside Mental Health & Psychiatric Services: Montaperto Christopher ARNP Physician
-
Alliance Counseling Medical Clinic
-
Sound Acupuncture of Mukilteo Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.54M
Owner & transaction history
Bonzai Bobs LLC · 4 yrs held
Bonzai Bobs LLC
since 2022
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
Q2 · Mukilteo, 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 Mukilteo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mukilteo 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
$2,035,000
ML approach
$1,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.60M (Mar 7 2022)
Last sale anchor
$1.60M
Mar 7 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
$936 / 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
$10,628
Tax year 2023
Assessed value
$1,475,000
Assessed 2023
Previous assessed
$1,311,000
+12.5% YoY
Effective rate
0.72%
On assessed value
Assessed land
$449,500
Assessed improvement
$1,025,500
Land market value
$449,500
Improvement market value
$1,025,500
Total market value
$1,475,000
Applied tax rate
667.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
4
Stories
2
Total area
1,646 SF
Lot
0.19 ac (8,276 SF)
Zoning code
Q2
APN
459800400700
UPID
US90-3317899
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
Q2 · Mukilteo, WA
Zoning Q2 · permitted uses
Q2 · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mukilteo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Lot
0.19 ac
Current owner
From public records · entity-resolved
Bonzai Bobs LLC
Entity
Mailing address
PO BOX 1268, EDMONDS, WA 98020-1268
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$1,600,000
Bonzai Bobs LLC
Old Town Property LLC
Warranty Deed
$913,472 · Joanne Nielsen
Apr 1, 2008
$1,390,000
Old Town Property LLC
Nielsen,thomas H & Joanne
Warranty Deed
$1,175,000 · Thomas H & Joanne Nielsen
Feb 17, 2004
$975,000
Thomas H Nielsen
E N D Group INC
Grant Deed
$833,543 · E N D Group INC
Jun 19, 1997
—
E N D Group INC
—
Grant Deed
related
$441,000 · Frontier Bank
Jun 23, 1995
$350,000
E N D Group INC
Monteith,harold J & Shirley J
Grant Deed
$192,500 · Frontier 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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