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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Industrial properties
606 Rainier St Snohomish, WA 98290-3101
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0302527
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1977
Construction
WOOD
Total area
15,534 SF
Lot
0.35 ac (15,246 SF)
Zoning code
MU
APN
537700300300
UPID
US90-0302527
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
-
PureDry Restoration Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.93M
Owner & transaction history
Phoenix Building LLC · 9 yrs held
Phoenix Building LLC
since 2016
7 recorded transactions
Zoning & alternative use
MU · Snohomish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Snohomish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Snohomish 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%
$2,515,000
6.5%
$2,320,000
7%
$2,155,000
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±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
$124 / 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
$20,652
Tax year 2023
Assessed value
$1,980,000
Assessed 2023
Previous assessed
$1,980,000
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$435,900
Assessed improvement
$1,544,100
Land market value
$435,900
Improvement market value
$1,544,100
Total market value
$1,980,000
Applied tax rate
735.0000
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
1977
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
1
Total area
15,534 SF
Lot
0.35 ac (15,246 SF)
Zoning code
MU
APN
537700300300
UPID
US90-0302527
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MU · Snohomish, WA
Zoning MU · permitted uses
MU · Snohomish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Snohomish. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Phoenix Building LLC
Entity
Mailing address
11402 86TH ST SE, SNOHOMISH, WA 98290-6207
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
—
Surdi Holdings LLC
—
Deed
related
$3,440,000 · Bank Of America NA
May 1, 2020
—
Surdi Holdings LLC
—
Deed
related
$2,159,000 · Banner Bk
Jun 6, 2019
—
Surdi Holdings LLC
—
Deed
related
$375,000 · The Phoenix Building LLC
Mar 18, 2019
—
Phoenix Building LLC
—
Loan Modification
related
$1,232,000 · Heritage Bk
Jul 5, 2017
—
Phoenix Building LLC
—
Deed
related
$682,750 · Heritage Bk
Jul 3, 2017
—
Phoenix Building LLC
—
Deed
related
$559,000 · Northwest Busn Dev Assn
Mar 2, 2017
—
Phoenix Building LLC
—
Deed
related
$546,200 · Heritage Bk
Sep 21, 2016
$925,000
Phoenix Building LLC
L & J Felton LLC
Warranty Deed
$609,850 · Heritage Bk
Mar 19, 2002
—
Carl V Niebuhr
North County Bank
Quit Claim Deed
related
—
May 24, 1999
$560,000
Carl V Niebur
Hensrude,rex & Susan
Grant Deed
—
Dec 16, 1997
$1,312,000
Rex Hensrude
Drw Investmane
Grant Deed
$1,242,000 · Individual
—
—
Surdi Holdings LLC
—
Deed Of Trust
related
$545,000 · Banner Bk
—
—
Phoenix Building LLC
—
Deed Of Trust
related
$682,750 · Heritage Bk
—
—
Phoenix Building LLC
—
Loan Modification
related
$682,750 · Heritage Bk
—
—
Phoenix Building LLC
—
Loan Modification
related
$546,200 · Heritage Bk
—
—
Phoenix Building LLC
—
Deed Of Trust
related
$559,000 · Northwest Busn Dev Assn
—
—
Surdi Holdings LLC
—
Deed Of Trust
related
$2,159,000 · Banner Bk
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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