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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Industrial land
4208 Russell Rd, Mukilteo, WA 98275-5425
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-1282633
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1981
Construction
WOOD FRAME
Total area
13,550 SF
Lot
0.9 ac (39,204 SF)
Zoning code
52
APN
441400001300
UPID
US90-1282633
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
-
Coyote Cleaning Systems Commercial Cleaning Service Parking Garage
-
Design Creator Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Mukilteo Industrial Park LLC · 14 yrs held
Mukilteo Industrial Park LLC
since 2011
7 recorded transactions
Zoning & alternative use
52 · 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
$86 / 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
$4,858
Tax year 2023
Assessed value
$691,200
Assessed 2023
Previous assessed
$614,400
+12.5% YoY
Effective rate
0.70%
On assessed value
Assessed land
$691,200
Land market value
$691,200
Total market value
$691,200
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1981
Construction
WOOD FRAME
Heating
CEILING CABLE
Stories
1
Total area
13,550 SF
Lot
0.9 ac (39,204 SF)
Zoning code
52
APN
441400001300
UPID
US90-1282633
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.
Building & site characteristics
From public records
Year built
1981
Construction
WOOD FRAME
Heating
CEILING CABLE
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Mukilteo Industrial Park LLC
Entity
Mailing address
5623 154TH PL SW, EDMONDS, WA 98026-4246
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
—
Mukilteo Industrial Park LLC
—
Deed
related
$6,550,000 · Boeing Employees Cu
Dec 6, 2011
—
Mukilteo Industrial Park LLC
—
Deed Of Trust
related
$3,500,000 · Umpqua Bank
Oct 14, 2011
—
Mukilteo Industrial Park LLC
Griesel,leonard W
Quit Claim Deed
related
—
Dec 28, 2007
—
Leonard W Griesel
Griesel L W Living Trust
Quit Claim Deed
related
—
Apr 5, 1999
—
Washington State
Griesel,leonard W
Grant Deed
related
—
—
—
Griesel Leonard W Trust
—
Deed Of Trust
related
$3,719,201 · Key Bank NA
—
—
Leonard W Griesel
—
Deed Of Trust
related
$2,450,000 · Everett Mutual Savings 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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