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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Warehouses
4033 134th NE St Marysville, WA 98271-7814
Trust Owned
~
Est. High Equity
Property ID
US90-2093549
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Total area
18,000 SF
Lot
1 ac (43,560 SF)
Zoning code
LI
APN
716300000500
UPID
US90-2093549
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
-
Architerra Designs Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.50M
Comparable Approach
Comparable
$4.04M
Blend (final)
Blend
$3.45M
Owner & transaction history
Erick Ellstrom Irrevocable Trust
Erick Ellstrom Irrevocable Trust
since 2026
7 recorded transactions
Zoning & alternative use
LI · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+5.0%
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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,795,000
6.5%
$3,500,000
7%
$3,250,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,200,000
Current use
COMMERCIAL (GENERAL)
$5,455,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,565,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10%
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
$192 / 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
$14,054
Tax year 2023
Assessed value
$2,353,900
Assessed 2023
Previous assessed
$896,300
+162.6% YoY
Effective rate
0.60%
On assessed value
Assessed land
$522,700
Assessed improvement
$1,831,200
Land market value
$522,700
Improvement market value
$1,831,200
Total market value
$2,353,900
Applied tax rate
511.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
YES
Cooling
NONE
Stories
1
Total area
18,000 SF
Lot
1 ac (43,560 SF)
Zoning code
LI
APN
716300000500
UPID
US90-2093549
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Marysville, WA
Zoning LI · permitted uses
LI · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$5.5M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2021
Heating
YES
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Erick Ellstrom Irrevocable Trust
Trust
Mailing address
PO BOX 128, MARYSVILLE, WA 98270-0128
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
$4,700,000
Erick Ellstrom Irrevocable Trust
Kristy Properties LLC
Warranty Deed
—
Jan 10, 2022
—
Kristy Properties LLC
—
Deed
related
$1,000,000 · Mountain Pacific Bank
Feb 27, 2020
—
Kristy Properties LLC
—
Deed
related
$500,000 · Mountain Pacific Bank
May 31, 2016
$380,000
Kristy Properties LLC
R & L Simmons Holdings LLC
Warranty Deed
$305,000 · R&l Simmons Holdings LLC
May 30, 2007
$375,000
R & L Simmons Holdings LLC
Hylback,leif E & Stephanie N
Warranty Deed
$300,000 · North County Bank
Apr 11, 2006
$250,000
Leif E Hylback
Impola,michael & Annette
Warranty Deed
$200,000 · North County Bank
Mar 2, 2006
—
Michael Impola
Impola Homes INC
Quit Claim Deed
—
Jul 26, 2004
$147,700
Impola Homes INC
Wards Cove Packing Co
Grant Deed
—
Oct 1, 1990
$130,524
Cove Packing Wards
Unknown
Grant Deed
—
—
—
Wards Cove Packing Co
—
Deed Of Trust
related
$55,000 · Fleet Capital Corp
—
—
Wards Cove Packing Co
—
Deed Of Trust
related
—
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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