New search
Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Industrial land
34240 State Rte 20, Hamilton, WA 98255-7000
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1249798
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
2008
Total area
198,900 SF
Lot
40.32 ac (1,756,339 SF)
APN
350614-2-004-0009
UPID
US90-1249798
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
-
Janicki Industries - Hamilton Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
Punkin Center West LLC · 6 yrs held
Punkin Center West LLC
since 2020
Last sale
$406,500
7 recorded transactions
Zoning & alternative use
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 Hamilton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamilton 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
$480,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $407k (Mar 25 2020)
Last sale anchor
$407k
Mar 25 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
$3 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$7,136
Tax year 2021
Assessed value
$1,058,100
Assessed 2021
Previous assessed
$1,058,100
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$1,058,100
Land market value
$1,058,100
Total market value
$1,058,100
Applied tax rate
915.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
2008
Heating
NONE
Total area
198,900 SF
Lot
40.32 ac (1,756,339 SF)
APN
350614-2-004-0009
UPID
US90-1249798
Jurisdiction
SKAGIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Lot
40.32 ac
Current owner
From public records · entity-resolved
Punkin Center West LLC
Entity
Mailing address
PO BOX 817, SEDRO WOOLLEY, WA 98284-0817
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
Janicki Industries INC
—
Deed
related
—
Apr 10, 2025
—
Punkin Center West LLC
—
Deed
related
$5,000,000 · Wells Fargo Bank NA
Mar 25, 2020
—
Punkin Center West LLC
Janicki Industries INC
Warranty Deed
$18,100,000 · Wells Fargo Bank NA
Mar 25, 2020
$29,750
Peter W Janicki
Robert W Janicki
Warranty Deed
related
—
Mar 25, 2020
$406,500
John P Janicki
Robert W Janicki
Warranty Deed
related
—
Aug 2, 2018
—
Janicki Industries INC
—
Loan Modification
related
$6,753,800 · Wells Fargo Bk
Nov 29, 2011
—
Janicki Industries INC
—
Deed Of Trust
related
$2,199,190 · Wells Fargo Bank
Dec 29, 2008
—
Punkin Center LLC
—
Grant Deed
related
$7,800,000 · Wells Fargo Bank
Feb 15, 2007
$1,649,719
Punkin Center LLC
Hamilton Office LLC
Grant Deed
—
Jan 5, 2005
—
Hamilton Office LLC
Crown Pacific
Warranty Deed
—
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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