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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Warehouses
6621 204th NE St Arlington, WA 98223
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1550316
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
WOOD
Total area
7,596 SF
Lot
1.25 ac (54,450 SF)
Zoning code
NC
APN
31051000404400
UPID
US90-1550316
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.17M
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Stc Properties LLC · 4 yrs held
Stc Properties LLC
since 2021
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
NC · Arlington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+35.2%
Office building
$2.7M
+23.5%
Commercial (general)
$2.3M
+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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$2,135,000
ML approach
$2,165,000
CAP Approach
CAP Return
Estimation
6%
$1,380,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,195,000
Current use
MEDICAL BUILDING
$2,965,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$2,710,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,305,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±10% · vs last sale $1.84M (Dec 16 2021)
Last sale anchor
$1.84M
Dec 16 2021
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
$244 / 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
$12,911
Tax year 2023
Assessed value
$1,666,000
Assessed 2023
Previous assessed
$1,456,000
+14.4% YoY
Effective rate
0.77%
On assessed value
Assessed land
$588,900
Assessed improvement
$1,077,100
Land market value
$588,900
Improvement market value
$1,077,100
Total market value
$1,666,000
Applied tax rate
110.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
6
Stories
2
Rooms
2
Bathrooms
1
Total area
7,596 SF
Lot
1.25 ac (54,450 SF)
Zoning code
NC
APN
31051000404400
UPID
US90-1550316
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC · Arlington, WA
Zoning NC · permitted uses
NC · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (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
1988
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
6
Rooms
2
Bathrooms
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Stc Properties LLC
Entity
Mailing address
37031 N MIRABEL CLB DR, SCOTTSDALE, AZ 85262-4060
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
—
Stc Properties LLC
Thomas Crowther
Quit Claim Deed
related
$873,729 · Banner Bank
Aug 28, 2015
—
Thomas Crowther
Crowther,thomas
Quit Claim Deed
related
—
May 14, 2015
—
Thomas W|williams Susan F Crowther
Stc Properties LLC
Quit Claim Deed
related
—
Sep 30, 2005
$1,840,000
Stc Properties LLC
Togstad,charles & Joyce
Warranty Deed
$1,500,000 · Charles & Joyce Togstad
Mar 20, 2003
—
Arlington City (wa)
Togstad,charles W & Joyce P
Grant Deed
related
—
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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