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Property profile & analytics
OFF-MARKET
Estimated value
$14,145,000
Warehouses
6018 234th SE St, Woodinville, WA 98072-8679
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1266685
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
TYPE NOT SPECIFIED
Total area
49,280 SF
Lot
3.04 ac (132,422 SF)
Zoning code
SG
APN
27053400102900
UPID
US90-1266685
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
-
Masons Supply Co Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.61M
CAP Approach
CAP
$9.59M
Comparable Approach
Comparable
$13.85M
Blend (final)
Blend
$14.15M
Owner & transaction history
Lift III 6018 234 LLC · 4 yrs held
Lift III 6018 234 LLC
since 2022
Last sale
$14.3M
6 recorded transactions
Zoning & alternative use
SG · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.4M
+48.4%
Apartment house (5+ units)
$20.4M
+41.5%
Medical building
$19.2M
+33.5%
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
$14,170,000
ML approach
$9,605,000
CAP Approach
CAP Return
Estimation
6%
$10,385,000
6.5%
$9,585,000
7%
$8,900,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,410,000
Current use
AUTO REPAIR, GARAGE
$21,380,000
Change: +48% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$20,380,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$19,240,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$17,575,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,940,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$14,350,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$14.15M
Range $12.73M – $15.56M · ±10% · vs last sale $14.29M (Jun 3 2022)
Last sale anchor
$14.29M
Jun 3 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
$287 / 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
$78,976
Tax year 2023
Assessed value
$9,710,000
Assessed 2023
Previous assessed
$7,469,000
+30.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$3,503,800
Assessed improvement
$6,206,200
Land market value
$3,503,800
Improvement market value
$6,206,200
Total market value
$9,710,000
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
1995
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
0
Total area
49,280 SF
Lot
3.04 ac (132,422 SF)
Zoning code
SG
APN
27053400102900
UPID
US90-1266685
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
$14.4M
AUTO REPAIR, GARAGE
Est. value
$21.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.4M
MEDICAL BUILDING
Est. value
$19.2M
OFFICE BUILDING
Est. value
$17.6M
COMMERCIAL (GENERAL)
Est. value
$14.9M
RETAIL STORES
Est. value
$14.4M
WAREHOUSE, STORAGE Current
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
1995
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
0
Lot
3.04 ac
Current owner
From public records · entity-resolved
Lift III 6018 234 LLC
Entity
Mailing address
5507 E WISHON RD, SNOHOMISH, WA 98290-8549
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Lift III 6018 234 LLC
—
Deed
related
$32,750,000 · Pccp Credt LLC
Jun 3, 2022
$14,285,000
Lift III 6018 234 LLC
Woodinville Properties LLC
Bargain And Sale Deed
—
Nov 24, 2004
—
Woodinville S/c Properties LLC
Chadek,james W & Sharon M
Quit Claim Deed
related
—
Sep 22, 1995
$80,250
James W Chadek
Chadek,james W & Sharon M
Quit Claim Deed
related
—
Sep 1, 1988
$195,265
G-c Land Woodinville
Unknown
Grant Deed
—
—
—
Woodinville S/c Properties LLC
—
Deed Of Trust
related
$1,488,094 · Key Bank NA
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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