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Property profile & analytics
OFF-MARKET
Estimated value
$3,150,000
Industrial properties
5701 48th NE Dr Marysville, WA 98270-5708
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1526432
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
12,222 SF
Lot
1.19 ac (51,836 SF)
Zoning code
GI
APN
749700000200
UPID
US90-1526432
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
-
Audio Engineers Northwest Electronics & Wireless Store Big Box & Wholesale Store
-
Michels Corporation Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$3.15M
Owner & transaction history
Marysville Barker Real Estate LLC · 2 yrs held
Marysville Barker Real Estate LLC
since 2023
Last sale
$3.1M
4 recorded transactions
Zoning & alternative use
GI · Marysville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.1M
+63.1%
Auto repair, garage
$5.0M
+61.1%
Medical building
$4.8M
+54.0%
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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
$3,220,000
ML approach
$3,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,100,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,055,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,995,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$4,770,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$4,335,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,705,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,530,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$3.15M
Range $2.84M – $3.47M · ±10% · vs last sale $3.08M (Nov 7 2023)
Last sale anchor
$3.08M
Nov 7 2023
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
$258 / 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
$7,608
Tax year 2023
Assessed value
$1,273,500
Assessed 2023
Previous assessed
$1,191,100
+6.9% YoY
Effective rate
0.60%
On assessed value
Assessed land
$480,300
Assessed improvement
$793,200
Land market value
$480,300
Improvement market value
$793,200
Total market value
$1,273,500
Applied tax rate
511.0000
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
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
12,222 SF
Lot
1.19 ac (51,836 SF)
Zoning code
GI
APN
749700000200
UPID
US90-1526432
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GI · Marysville, WA
Zoning GI · permitted uses
GI · Marysville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.5M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Marysville Barker Real Estate LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1150 NW KERRON ST, WINLOCK, WA 98596-9143
Ownership since
2023
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
Nov 7, 2023
$3,075,000
Marysville Barker Real Estate LLC
Rdlp Marysville LLC
Bargain And Sale Deed
—
Sep 1, 2022
—
Rdpl Marysville LLC
Rogers Drive Limited Partnership
Quit Claim Deed
related
—
Jun 20, 2006
$825,000
Rogers Drive
Quast,warren B & Karla D
Warranty Deed
—
Oct 6, 2005
$546,250
Warren B Quast
Brashler,william W & Evelyn L
Warranty Deed
$517,500 · William W & Evelyn L Brashler
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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