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    Property profile & analytics

    606 Rainier St Snohomish, WA 98290-3101

    • Industrial properties
    • 15,534 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    $1,925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0302527
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • PureDry Restoration / Hardware & Home Improvement / Construction Company

    Property Details for 606 Rainier St

    Year built
    1977
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Property size
    15,534 SF
    Zone code
    MU
    Property type
    Industrial properties
    APN
    537700300300
    APU
    537700300300

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,515,000
      6.5%
      $2,320,000
      7%
      $2,155,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,170,000
      Market price range: $595k - $2.17M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Snohomish
    County
    Snohomish
    State
    Washington
    Longitude
    -122.089
    Latitude
    47.9116
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,652
    $435,900
    $1,544,100
    $1,980,000
    -
    $435,900
    $1,544,100
    $1,980,000

    Comparable in this City

    • Value Estimation
      $1,010,000
      9,256 SF

      1309 Bonneville Ave

      CONSTRUCTION/CONTRACTING SERVICES • 9,256 SF
      1309 Bonneville Ave, Snohomish, WA 98290-2074
      View Details
    • Value Estimation
      $955,000
      6,184 SF

      3827 Bickford Ave

      INDUSTRIAL (GENERAL) • 6,184 SF
      3827 Bickford Ave, Snohomish, WA 98290-5211
      View Details
    • Value Estimation
      $2,630,000
      16,119 SF

      1530 Bonneville Ave

      INDUSTRIAL (GENERAL) • 16,119 SF
      1530 Bonneville Ave, Snohomish, WA 98290-1702
      View Details
    • Value Estimation by Request
      10,000 SF

      1428 Bonneville Ave

      INDUSTRIAL (GENERAL) • 10,000 SF
      1428 Bonneville Ave, Snohomish, WA 98290-1745
      View Details
    • Value Estimation
      $945,000
      6,156 SF

      413 Maple Ave

      INDUSTRIAL (GENERAL) • 6,156 SF
      413 Maple Ave, Snohomish, WA 98290
      View Details
    • Value Estimation
      $540,000
      4,560 SF

      1701 1st St

      INDUSTRIAL (GENERAL) • 4,560 SF
      1701 1st St, Snohomish, WA 98290-2660
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,114 SF

      Industrial Property with Large Yard

      2.83 acres with 1 acre yard, tenant willing to vacate.
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      Commercial Building on Avenue D

      1580 SF commercial building with high visibility and parking.
      712 Avenue D, Snohomish, WA 98290
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    • $395,000
      437,342 SF

      10-Acre Farm Near Snohomish

      10-acre farm zoned RA-10, walking distance to Downtown Snohomish.
      10633 Old Snohomish Monroe Rd, Snohomish, WA 98290
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    • $2,300,000

      Downtown Snohomish Redevelopment Opportunity

      0.64 acre lot in historic downtown Snohomish.
      119 Avenue B, Snohomish, WA 98290
      View Details
    • $1,950,000
      153,767 SF

      Development Site in Snohomish, WA

      Two contiguous parcels, 3.53 acres, zoned BP - Business Park.
      2101 Bickford Ave, Snohomish, WA 98290
      View Details

    Similar Nearby for Lease

    • $1,063 /Mo
      427 SF

      Pilchuck Landing Retail/Office Space

      Retail, service, or office space available for lease.
      203 Cypress Ave, Snohomish, WA 98290
      View Details
    • Contact for pricing

      Corner Lot in Snohomish

      Flat commercial lot for rent in Snohomish.
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      View Details
    • Contact for pricing
      2,814 SF

      Snohomish Drive-Thru Restaurant Space

      2nd generation drive-thru restaurant space available for lease.
      1209 Avenue D, Snohomish, WA 98290
      View Details
    • $1,960 /Mo
      840 SF

      Retail Space in Historic District

      Prime commercial location with renovated interior and ample parking.
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      View Details
    • Contact for pricing

      Snohomish Retail Space Available

      Retail space available, offering 12,632 square feet.
      1805 Bickford Ave, Snohomish, WA 98290
      View Details
    • $28 SF/Yr

      Historic Downtown Snohomish Office Space

      Professional office space in Snohomish's historic downtown.
      121 Avenue B, Snohomish, WA 98290
      View Details
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    606 Rainier St
    Snohomish, WA 98290-3101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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