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Property profile & analytics
OFF-MARKET
Estimated value
$5,230,000
Office buildings
4112 Harbour Pointe SW Blvd Mukilteo, WA 98275-5457
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-1043079
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2003
Construction
CONCRETE
Total area
15,888 SF
Lot
0.87 ac (37,897 SF)
Zoning code
52
APN
441300001100
UPID
US90-1043079
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
-
Julie A. Hornsby, ARNP Pediatrician Physician
-
Providence Medical Group Medical Clinic
-
Cline Pointe Professional Real Estate Agency
-
De Imus Fa Abigail MD Physician
-
Rhonda Bass Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.65M
Comparable Approach
Comparable
$5.47M
Blend (final)
Blend
$5.23M
Owner & transaction history
Cline Pointe Professional Bldg · 22 yrs held
Cline Pointe Professional Bldg
since 2004
7 recorded transactions
Zoning & alternative use
52 · Mukilteo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+45.3%
Auto repair, garage
$6.9M
+21.7%
Apartment house (5+ units)
$6.6M
+16.0%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,030,000
6.5%
$4,645,000
7%
$4,310,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,665,000
Current use
RESTAURANT
$8,235,000
Change: +45% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,895,000
Change: +22% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,570,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$6,205,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,815,000
Change: -15% · Conversion: Easy
RETAIL STORES
$4,625,000
Change: -18% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,590,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.23M
Range $4.71M – $5.75M · ±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
$329 / 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
$26,090
Tax year 2023
Assessed value
$3,700,000
Assessed 2023
Previous assessed
$3,222,400
+14.8% YoY
Effective rate
0.71%
On assessed value
Assessed land
$824,000
Assessed improvement
$2,876,000
Land market value
$824,000
Improvement market value
$2,876,000
Total market value
$3,700,000
Applied tax rate
673.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
YES
Cooling
NONE
Stories
2
Total area
15,888 SF
Lot
0.87 ac (37,897 SF)
Zoning code
52
APN
441300001100
UPID
US90-1043079
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
52 · Mukilteo, WA
Zoning 52 · permitted uses
52 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.7M
RESTAURANT
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$4.8M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2003
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Lot
0.87 ac
Current owner
From public records · entity-resolved
Cline Pointe Professional Bldg
Individual
Mailing address
4112 HARBOUR POINTE BLVD SW STE #201, MUKILTEO, WA 98275-5457
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2004
—
Cline Pointe Professional Bldg
Cline,darrell E & Debbie A
Quit Claim Deed
related
$5,000,000 · Bank Of America
Mar 24, 2003
—
Mukilteo City (wa)
Cline,darrell & Debbie
Grant Deed
related
—
Dec 5, 2002
—
Darrell E Cline
—
Trustees Deed
related
$2,300,000 · Pacific Northwest Bank
Oct 27, 2000
$392,835
Darrell Cline
Arango Construction Co
Grant Deed
—
Sep 30, 1997
$200,000
Arango Construction Co
Harbour Pointe LP
Grant Deed
—
—
—
Cline Pointe Prof Bldg LLC
—
Deed Of Trust
related
$636,135 · Deborah A Monize
—
—
Cline Pointe Prof Bldg LLC
—
Deed Of Trust
related
$876,135 · Deborah Monize
—
—
Pointe Professional Buil Cline
—
Loan Modification
related
$2,719,935 · Bank Of Washington
—
—
Cline Pointe Prof Building LLC
—
Deed Of Trust
related
$1,850,000 · Bank Of America
—
—
Pointe Professional Buil Cline
—
Deed Of Trust
related
$2,825,000 · Bank Of Washington
—
—
Darrell Cline
—
Deed Of Trust
related
$1,000,000 · Deborah Cline
—
—
Cline Pointe Prof Bldg LLC
—
Deed Of Trust
related
$756,135 · Deborah A Monize
—
—
Cline Pointe Prof Bldg LLC
—
Deed Of Trust
related
$522,638 · Evergreenbank
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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