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Property profile & analytics
OFF-MARKET
Estimated value
$3,295,000
Industrial properties
4201 Russell Rd Mukilteo, WA 98275-5427
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1091764
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
WOOD
Total area
21,600 SF
Lot
0.87 ac (37,897 SF)
Zoning code
CB (S)
APN
441400005000
UPID
US90-1091764
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
$3.30M
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.30M
Owner & transaction history
Gasworks Investments Series LLC Inv · 2 yrs held
Gasworks Investments Series LLC Inv
since 2024
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
CB (S) · 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
Method
Estimation
Statistic approach
$3,295,000
ML approach
$3,295,000
CAP Approach
CAP Return
Estimation
6%
$3,495,000
6.5%
$3,230,000
7%
$2,995,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,480,000
Current use
Blend value · Realmo final
$3.30M
Range $2.97M – $3.62M · ±10% · vs last sale $3.30M (Mar 1 2024)
Last sale anchor
$3.30M
Mar 1 2024
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
$153 / 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
$25,399
Tax year 2023
Assessed value
$3,620,000
Assessed 2023
Previous assessed
$3,620,000
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$1,030,100
Assessed improvement
$2,589,900
Land market value
$1,030,100
Improvement market value
$2,589,900
Total market value
$3,620,000
Applied tax rate
671.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
21,600 SF
Lot
0.87 ac (37,897 SF)
Zoning code
CB (S)
APN
441400005000
UPID
US90-1091764
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.5M
INDUSTRIAL (GENERAL) Current
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.87 ac
Current owner
From public records · entity-resolved
Gasworks Investments Series LLC Inv
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Mar 1, 2024
—
Gasworks Investments Series LLC Inv
Gasworks Investments LLC
Intrafamily Transfer
related
—
Apr 13, 2021
—
Gasworks Investments LLC
—
Deed
related
$2,700,000 · Bank Of America NA
Mar 28, 2018
$3,295,000
Gasworks Investments LLC
Speedway Properties LLC
Grant Deed
related
—
Sep 22, 2017
—
Gasworks Investments LLC
—
Deed
related
$1,647,500 · Bank Of America
Aug 30, 2017
$3,295,000
Gasworks Investments LLC
Speedway Properties LLC
Warranty Deed
related
$1,647,500 · Bank Of America
Jan 18, 2017
—
Speedway Properties LLC
—
Deed
related
$1,314,000 · Banner Bank
Nov 8, 2007
—
Speedway Properties LLC
Westar Properties Nw LLC
Warranty Deed
$1,100,000 · Viking Bank
Jun 23, 1998
—
Washington State
Westar Properties Nw LLC
Grant Deed
related
—
—
—
Westar Properties Nw LLC
—
Deed Of Trust
related
$1,000,000 · Frontier Bank
—
—
Gasworks Investments LLC
—
Deed Of Trust
related
$1,647,500 · Bank Of America
—
—
Michael H Hansen
—
Deed Of Trust
related
$30,923 · City Bank
—
—
Speedway Properties LLC
—
Deed Of Trust
related
$200,000 · Viking Bank
—
—
Speedway Properties LLC
—
Deed Of Trust
related
$412,625 · Viking Bank
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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