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Property profile & analytics
FOR SALE
Commercial land
4007 78Th St SW, Mukilteo, WA 98275
Entity Owned
~
Est. High Equity
Property ID
US90-0914183
No photos on file
For Sale
$2,750,000
4007 78Th St SW, Mukilteo, WA 98275
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1917
Total area
996 SF
Lot
4.5 ac (196,020 SF)
Zoning code
PI
APN
611600009400
UPID
US90-0914183
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
Washington State Dept Of Ent Servic
Washington State Dept Of Ent Servic
since 2025
5 recorded transactions
Zoning & alternative use
PI · 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,733
Tax year 2023
Assessed value
$1,489,500
Assessed 2023
Previous assessed
$1,489,500
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$1,489,500
Land market value
$1,489,500
Total market value
$1,489,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1917
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Total area
996 SF
Lot
4.5 ac (196,020 SF)
Zoning code
PI
APN
611600009400
UPID
US90-0914183
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PI · Mukilteo, WA
Zoning PI · permitted uses
PI · 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
1917
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
Washington State Dept Of Ent Servic
Entity
Mailing address
7804 40TH AVE W, MUKILTEO, WA 98275-2814
Ownership since
2025
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
Oct 30, 2025
$2,750,000
Washington State Dept Of Ent Servic
Scs Development LLC
Warranty Deed
—
Jun 6, 2003
—
Scs Development Co
Salinas,john A
Quit Claim Deed
related
—
Jul 13, 2001
$350,000
John A Salinas
Coffin,harold D
Grant Deed
—
—
—
Harold Coffin
—
Deed Of Trust
related
$20,000 · Everett Mutual Savings Bank
—
—
Scs Development Co
—
Deed Of Trust
related
$310,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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