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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Warehouses
4119 Harbour Pointe SW Blvd Mukilteo, WA 98275-5409
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-1228561
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
STEEL FRAME
Total area
5,120 SF
Lot
1.09 ac (47,480 SF)
Zoning code
CB (S)
APN
441300001000
UPID
US90-1228561
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
$2.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.32M
Blend (final)
Blend
$2.64M
Owner & transaction history
Commerce Road Terminals LLC · 5 yrs held
Commerce Road Terminals LLC
since 2021
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
CB (S) · Mukilteo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+79.5%
Auto repair, garage
$2.2M
+50.2%
Apartment house (5+ units)
$2.1M
+43.2%
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
$2,900,000
ML approach
$2,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,655,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,220,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,115,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$2,000,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,825,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $2.50M (Jan 4 2021)
Last sale anchor
$2.50M
Jan 4 2021
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
$516 / 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
$9,268
Tax year 2023
Assessed value
$1,320,000
Assessed 2023
Previous assessed
$1,280,000
+3.1% YoY
Effective rate
0.70%
On assessed value
Assessed land
$996,400
Assessed improvement
$323,600
Land market value
$996,400
Improvement market value
$323,600
Total market value
$1,320,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Stories
1
Total area
5,120 SF
Lot
1.09 ac (47,480 SF)
Zoning code
CB (S)
APN
441300001000
UPID
US90-1228561
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB (S) · Mukilteo, WA
Zoning CB (S) · permitted uses
CB (S) · 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
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
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
1986
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Commerce Road Terminals LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 25612, RICHMOND, VA 23260-5612
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
$2,500,000
Commerce Road Terminals LLC
Express Lines Estes
Grant Deed
—
Feb 27, 2008
$1,500,000
Express Lines Estes
Northwest Brokerage Props LLC
Grant Deed
—
Apr 23, 2003
$618,000
Northwest Brokerage Properties
Rodaway Express INC
Grant Deed
$461,250 · Us Bank NA
Sep 1, 1989
$355,000
Attn State Tax Dept
Unknown
Grant 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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