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Property profile & analytics
OFF-MARKET
Industrial properties
4605 116th SW St Mukilteo, WA 98275-5301
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1448613
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Construction
TYPE NOT SPECIFIED
Total area
41,058 SF
Lot
3.36 ac (146,362 SF)
Zoning code
IP
APN
788400000700
UPID
US90-1448613
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
-
Rainier Wealth Management, LLC Financial Advisor
-
Mukilteo Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gasworks Investments Series LLC · 2 yrs held
Gasworks Investments Series LLC
since 2024
Last sale
$55,898
7 recorded transactions
Zoning & alternative use
IP · Mukilteo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district IP is to promote Industrial Park uses.
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
210.19 ac
Source
Realmo
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
—
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
$49,455
Tax year 2023
Assessed value
$7,050,000
Assessed 2023
Previous assessed
$6,651,400
+6.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$2,504,800
Assessed improvement
$4,545,200
Land market value
$2,504,800
Improvement market value
$4,545,200
Total market value
$7,050,000
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
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
41,058 SF
Lot
3.36 ac (146,362 SF)
Zoning code
IP
APN
788400000700
UPID
US90-1448613
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IP · Mukilteo, WAZoning IP · permitted uses
IP · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district IP is to promote Industrial Park uses.
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
210.19 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1996
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
3.36 ac
Current owner
From public records · entity-resolved
Gasworks Investments Series LLC
Entity
Mailing address
MUKILTEO, WA 98275
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
Gasworks Investments Series LLC
Gasworks Investments LLC
Intrafamily Transfer
related
—
Mar 15, 2021
—
Gasworks Investments LLC
—
Deed
related
$3,100,000 · Bank Of America NA
Jan 27, 2011
$55,898
Gasworks Investments LLC
C-4 Investments LLC
Warranty Deed
$2,250,000 · Union Bank
Jan 27, 2011
$4,500,000
C4 Investments LLC
Ram-ggc LLC
Warranty Deed
—
Apr 12, 1996
$709,854
Ram-ggc LLC
Harbour Pointe LP
Grant Deed
$2,129,141 · First Interstate Bank Washingt
—
—
Ram-g G C LLC
—
Deed Of Trust
related
$220,000 · Pacific Northwest Bank
—
—
Ram-g G C LLC
—
Deed Of Trust
related
$1,120,476 · Pacific Northwest Bank
—
—
Ram-g G C LLC
—
Deed Of Trust
related
$969,000 · Evergreen Community Dev Assn
—
—
Gasworks Investments LLC
—
Deed Of Trust
related
$1,842,000 · Northwest Busn Dev Assn
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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