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Property profile & analytics
OFF-MARKET
Estimated value
$5,580,000
Warehouses
6026 31st NE Ave Tulalip, WA 98271-7455
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1174045
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
29,585 SF
Lot
3.89 ac (169,448 SF)
Zoning code
SA
APN
30052900401100
UPID
US90-1174045
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
-
Lang Bakery Co Inc Bakery Specialty Food Shop
-
LBC Bakery Equipment, Inc Production Facility Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.76M
Comparable Approach
Comparable
$6.42M
Blend (final)
Blend
$5.58M
Owner & transaction history
Lbc Bakery Equipment INC · 10 yrs held
Lbc Bakery Equipment INC
since 2015
4 recorded transactions
Zoning & alternative use
SA · Tulalip, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.0M
+5.0%
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 Tulalip submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulalip 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%
$6,235,000
6.5%
$5,755,000
7%
$5,345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,545,000
Current use
COMMERCIAL (GENERAL)
$8,970,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,505,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$5.58M
Range $5.02M – $6.14M · ±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
$189 / 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
$22,052
Tax year 2023
Assessed value
$3,736,500
Assessed 2023
Previous assessed
$3,525,000
+6.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$790,000
Assessed improvement
$2,946,500
Land market value
$790,000
Improvement market value
$2,946,500
Total market value
$3,736,500
Applied tax rate
1,235.0000
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
2001
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
29,585 SF
Lot
3.89 ac (169,448 SF)
Zoning code
SA
APN
30052900401100
UPID
US90-1174045
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SA · Tulalip, WA
Zoning SA · permitted uses
SA · Tulalip, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulalip. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$9.0M
INDUSTRIAL (GENERAL)
Est. value
$7.5M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
2001
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
3.89 ac
Current owner
From public records · entity-resolved
Lbc Bakery Equipment INC
Entity
Mailing address
6026 31ST AVE NE, TULALIP, WA 98271-7455
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Aug 18, 2015
$3,444,157
Lbc Bakery Equipment INC
James R Thayer
Warranty Deed
$2,100,000 · Banner Bank
Dec 15, 1999
—
Alice A Abbott
Famli Partnership
Grant Deed
related
—
Sep 1, 1991
$645,959
Famli Partnership
Unknown
Quit Claim Deed
related
—
—
—
James W Abbott
—
Deed Of Trust
related
$1,430,000 · Bank Of America
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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