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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Industrial properties
3305 Bickford Ave Snohomish, WA 98290-9287
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1052495
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Construction
WOOD
Total area
6,000 SF
Lot
1.3 ac (56,628 SF)
Zoning code
BP
APN
28050100200700
UPID
US90-1052495
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
-
Papé Machinery Agriculture & Turf Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$2.44M
Owner & transaction history
Pape Properties INC · 2 yrs held
Pape Properties INC
since 2023
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
BP · Snohomish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+104.4%
Auto repair, garage
$2.6M
+71.1%
Apartment house (5+ units)
$2.5M
+63.1%
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 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
$2,490,000
ML approach
$2,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,520,000
Current use
RESTAURANT
$3,110,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,605,000
Change: +71% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,480,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$2,345,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$2,140,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$2,060,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,820,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±10% · vs last sale $2.38M (Jul 31 2023)
Last sale anchor
$2.38M
Jul 31 2023
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
$406 / 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
$15,778
Tax year 2023
Assessed value
$1,800,000
Assessed 2023
Previous assessed
$1,719,000
+4.7% YoY
Effective rate
0.88%
On assessed value
Assessed land
$724,600
Assessed improvement
$1,075,400
Land market value
$724,600
Improvement market value
$1,075,400
Total market value
$1,800,000
Applied tax rate
735.0000
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
Off-Market
Year built
1973
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
4
Stories
2
Bathrooms
1
Total area
6,000 SF
Lot
1.3 ac (56,628 SF)
Zoning code
BP
APN
28050100200700
UPID
US90-1052495
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
BP · Snohomish, WA
Zoning BP · permitted uses
BP · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1973
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Bathrooms
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Pape Properties INC
Entity
Free & Clear · 2 yrs held
Mailing address
355 GOODPASTURE IS RD STE #300, EUGENE, OR 97401-2119
Ownership since
2023
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
Jul 31, 2023
$2,380,000
Pape Properties INC
Wt Holdings IV LLC
Warranty Deed
—
Jul 3, 2019
$1,800,000
Wt Holdings IV LLC
Barnett Implement Co INC
Warranty Deed
$1,400,000 · Barnett Implement Co INC
Jun 24, 2019
—
Barnett Implement Co INC
Barnett Implement Of Snohomish In
Quit Claim Deed
related
—
—
—
Barnett Implement Co INC
—
Deed Of Trust
related
$300,000 · Peoples Bank & Trust
—
—
Barnett Implement Co INC
—
Deed Of Trust
related
$492,700 · Peoples Bank & Trust
—
—
Barnett Implement Co INC
—
Deed Of Trust
related
$1,000,000 · Peoples Bank & Trust
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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