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Property profile & analytics
OFF-MARKET
Manufacturing properties
31604 40th St, Carnation, WA 98014-7500
Entity Owned
Free & Clear
Property ID
US90-2677237
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2015
Construction
WOOD
Total area
1,728 SF
Lot
1.5 ac (65,340 SF)
Zoning code
LI/M
APN
162507-9039
UPID
US90-2677237
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
by Request
Owner & transaction history
City Of Carnation
City Of Carnation
since 2026
Last sale
$145,000
6 recorded transactions
Zoning & alternative use
LI/M · Carnation, 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 Carnation submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carnation 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
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,319
Tax year 2022
Assessed value
$388,800
Assessed 2022
Previous assessed
$388,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$326,700
Assessed improvement
$62,100
Land market value
$326,700
Improvement market value
$62,100
Total market value
$388,800
Applied tax rate
971.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
ELECTRIC
Stories
1
Total area
1,728 SF
Lot
1.5 ac (65,340 SF)
Zoning code
LI/M
APN
162507-9039
UPID
US90-2677237
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI/M · Carnation, WA
Zoning LI/M · permitted uses
LI/M · Carnation, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carnation. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Construction
WOOD
Heating
ELECTRIC
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
City Of Carnation
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 157, CARNATION, WA 98014-0157
Ownership since
2026
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
Mar 30, 2026
$630,250
City Of Carnation
Mountainside Holdings LLC
Warranty Deed
—
Jun 25, 2020
—
Mountainside Holdings LLC
Jason Hone
Quit Claim Deed
related
$405,000 · First Citizens Bank & Trust Co
Feb 5, 2015
$145,000
Jason Hone
Lorraine C Hummel
Bargain And Sale Deed
$144,640 · First Citizens Bank & Trust Co
Jun 6, 2007
—
Graham Ethel Living Trust
Graham,ethel L
Quit Claim Deed
related
—
Feb 24, 2003
—
Ethel L Graham
Graham,ethel L
Quit Claim Deed
related
—
Jul 31, 1998
—
Ethel L Graham
—
Deed Of Trust
related
$1,300,000 · Money Back Investment Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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