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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Warehouses
45080 Fir St Concrete, WA 98237-8401
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0669750
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Total area
20,520 SF
Lot
2.28 ac (99,404 SF)
APN
4065-003-020-0004
UPID
US90-0669750
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
-
Shop and Save America Grocery & Convenience Store Food Market
-
Concrete Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.48M
Owner & transaction history
Upper Skagit Indian Tribe · 10 yrs held
Upper Skagit Indian Tribe
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.7M
+36.7%
Industrial (general)
$2.9M
+8.9%
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 Concrete submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concrete 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%
$2,970,000
6.5%
$2,740,000
7%
$2,545,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,680,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,665,000
Change: +37% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,920,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±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
$121 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$19,637
Tax year 2022
Assessed value
$2,025,800
Assessed 2021
Previous assessed
$2,025,800
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$261,700
Assessed improvement
$1,764,100
Land market value
$261,700
Improvement market value
$1,764,100
Total market value
$2,025,800
Applied tax rate
910.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Buildings
6
Stories
1
Total area
20,520 SF
Lot
2.28 ac (99,404 SF)
APN
4065-003-020-0004
UPID
US90-0669750
Jurisdiction
SKAGIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1996
Heating
FORCED AIR
Stories
1
Buildings
6
Lot
2.28 ac
Current owner
From public records · entity-resolved
Upper Skagit Indian Tribe
Individual
Mailing address
25944 COMMUNITY PLZ WAY, SEDRO WOOLLEY, WA 98284-9721
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2016
$3,120,000
Upper Skagit Indian Tribe
Concrete Business Park LLC
Grant Deed
—
Dec 7, 2007
$1,850,000
Concrete Business Park LLC
Theo Investments LLC
Warranty Deed
$1,676,667 · Summit Bank
—
—
Concrete Business Park LLC
—
Deed Of Trust
related
$1,865,000 · Business Bk
—
—
Self Storage Concrete
—
Deed Of Trust
related
$195,650 · State Bank Of Concrete
—
—
Concrete Business Park LLC
—
Deed Of Trust
related
$216,010 · Columbia St Bk-special Credits
—
—
Theo Investments LLC
—
Deed Of Trust
related
$337,115 · State Bank Of Concrete
—
—
Theo Investments LLC
—
Deed Of Trust
related
$252,941 · State Bank Of Concrete
—
—
Self Storage Concrete
—
Deed Of Trust
related
$195,650 · State Bank Of Concrete
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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