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Property profile & analytics
OFF-MARKET
Estimated value
$8,815,000
Warehouses
5817 238th SE St, Woodinville, WA 98072-8669
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0595522
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
WOOD FRAME
Total area
21,600 SF
Lot
1.07 ac (46,609 SF)
Zoning code
SG
APN
27053400301000
UPID
US90-0595522
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
-
PC Recycle Recycling Center Waste Management Facility
-
Fine Woodworking General Contractor
-
PC Recycle and Repair Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.82M
Owner & transaction history
Woodinville Park Investors LLC · 3 yrs held
Woodinville Park Investors LLC
since 2022
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
SG · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.2M
+77.3%
Auto repair, garage
$9.4M
+48.4%
Apartment house (5+ units)
$8.9M
+41.5%
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 Woodinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodinville 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
$8,740,000
ML approach
$8,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,315,000
Current use
RESTAURANT
$11,195,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,370,000
Change: +48% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,935,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$8,435,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$7,705,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,550,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$6,290,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$8.82M
Range $7.93M – $9.70M · ±10% · vs last sale $8.81M (Dec 16 2022)
Last sale anchor
$8.81M
Dec 16 2022
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
$408 / 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
$24,311
Tax year 2023
Assessed value
$2,915,000
Assessed 2023
Previous assessed
$2,429,000
+20.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,185,900
Assessed improvement
$1,729,100
Land market value
$1,185,900
Improvement market value
$1,729,100
Total market value
$2,915,000
Applied tax rate
4,138.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
WOOD FRAME
Heating
YES
Cooling
NONE
Stories
1
Total area
21,600 SF
Lot
1.07 ac (46,609 SF)
Zoning code
SG
APN
27053400301000
UPID
US90-0595522
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SG · Woodinville, WA
Zoning SG · permitted uses
SG · Woodinville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodinville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.3M
RESTAURANT
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$8.4M
OFFICE BUILDING
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$6.6M
RETAIL STORES
Est. value
$6.3M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1998
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Woodinville Park Investors LLC
Entity
Mailing address
1200 WESTLAKE AVE N STE #310, SEATTLE, WA 98109-3528
Ownership since
2022
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
Dec 16, 2022
$8,810,000
Woodinville Park Investors LLC
Commercial Trade Center LLC
Warranty Deed
$6,012,500 · Boeing Employees Cu
Sep 13, 2019
—
Vencom Incorporated
—
Deed
related
$950,000 · Coastal Community Bank
Dec 27, 2018
—
Commercial Trade Center LLC
—
Deed
related
$350,000 · Savibank
Oct 5, 2016
—
Commercial Trade Center LLC
—
Deed
related
$1,310,454 · Coastal Community Bank
Dec 21, 2012
—
Commercial Trade Center LLC
Construction Trade Center II
Quit Claim Deed
related
—
Mar 1, 1989
$138,190
Prr Corporation
Unknown
Grant Deed
—
—
—
Commercial Trade Center LLC
—
Deed Of Trust
related
$350,000 · Savibank
—
—
Construction Trade Center II
—
Deed Of Trust
related
$1,280,000 · Banner Bank
—
—
Construction Trade Center II
—
Deed Of Trust
related
$1,050,000 · Washington Mutual Fsb
—
—
Commercial Trade Center LLC
—
Deed Of Trust
related
$1,578,750 · Umpqua Bank
—
—
Construction Trade Center II
—
Deed Of Trust
related
$1,280,000 · Banner Bank
—
—
Construction Trade Center II
—
Deed Of Trust
related
$1,280,000 · Banner Bank
—
—
Ctc II
—
Deed Of Trust
related
$1,578,750 · Umpqua 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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