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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Warehouses
6608 220th SW St Mountlake Terrace, WA 98043-2120
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-0823265
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Construction
TYPE NOT SPECIFIED
Total area
7,678 SF
Lot
1 ac (43,560 SF)
Zoning code
P3
APN
378200100901
UPID
US90-0823265
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
-
Fischer Electric Electrical Service General Contractor
-
Fischer Plumbing & Drain Cleaning Construction Company General Contractor
-
Master Pools Of Washington General Contractor
-
Fischer Heating and Air Conditioning Hardware & Home Improvement HVAC Service
-
Fischer Restoration and Remodeling Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$1.45M
Owner & transaction history
Jomax Properties LLC · 12 yrs held
Jomax Properties LLC
since 2014
7 recorded transactions
Zoning & alternative use
P3 · Mountlake Terrace, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+5.0%
Retail stores
$2.2M
+0.8%
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 Mountlake Terrace submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountlake Terrace 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%
$1,620,000
6.5%
$1,495,000
7%
$1,385,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,215,000
Current use
COMMERCIAL (GENERAL)
$2,330,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$2,235,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$188 / 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
$12,349
Tax year 2023
Assessed value
$1,728,000
Assessed 2023
Previous assessed
$1,597,000
+8.2% YoY
Effective rate
0.71%
On assessed value
Assessed land
$1,490,700
Assessed improvement
$237,300
Land market value
$1,490,700
Improvement market value
$237,300
Total market value
$1,728,000
Applied tax rate
610.0000
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
1955
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
7,678 SF
Lot
1 ac (43,560 SF)
Zoning code
P3
APN
378200100901
UPID
US90-0823265
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
P3 · Mountlake Terrace, WA
Zoning P3 · permitted uses
P3 · Mountlake Terrace, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountlake Terrace. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
WAREHOUSE, STORAGE Current
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
1955
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Jomax Properties LLC
Entity
Mailing address
6608 220TH ST SW, MOUNTLAKE TERRACE, WA 98043-2120
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2020
—
Jomax Properties LLC
—
Deed
related
$1,500,000 · Harborstone Cu
Jan 29, 2014
$1,490,000
Jomax Properties LLC
Htjm LLC
Warranty Deed
$752,700 · Umpqua Bank
Dec 2, 2004
$1,740,000
Htjm LLC
Multi Swan Ptshp
Warranty Deed
—
May 16, 2002
$170,000
Eric C Stavig
Cascioppa,daniel J
Grant Deed
$153,000 · Eagle Home Mortgage Co
Mar 8, 1996
$108,750
Daniel J Cascioppo
Hanberg,reed F & Shelley L
Grant Deed
$82,400 · Washington Mutual Fsb
Oct 1, 1991
$94,500
—
—
Grant Deed
related
$57,645 · Seller
—
—
Htjm LLC
—
Deed Of Trust
related
$1,450,000 · Bank Of America
—
—
Htjm LLC
—
Deed Of Trust
related
$1,480,000 · Bank Of America
—
—
Daniel J Cascioppo
—
Deed Of Trust
related
$130,000 · United Panam Mortgage
—
—
Jomax Properties LLC
—
Deed Of Trust
related
$622,000 · Northwest Busn Dev Assn
—
—
Htjm LLC
—
Deed Of Trust
related
$120,691 · Frontier Bank
—
—
Daniel J Cascioppo
—
Deed Of Trust
related
$118,400 · Pan American 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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