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Property profile & analytics
OFF-MARKET
Estimated value
$2,190,000
Warehouses
7804 40th W Ave Mukilteo, WA 98275-2814
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1694415
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
WOOD
Total area
19,304 SF
Lot
1.94 ac (84,506 SF)
Zoning code
PI
APN
28041000302400
UPID
US90-1694415
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
-
Salinas Construction Inc. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$2.19M
Owner & transaction history
Salinas Construction INC · 1 yrs held
Salinas Construction INC
since 2024
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
PI · Mukilteo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district PI is to promote Planned Industrial uses.
Zone name
Planned Industrial
General category
INDUSTRIAL
Zone area
91.42 ac
Source
Realmo
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 Mukilteo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mukilteo 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
$2,500,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±10% · vs last sale $1.50M (Sep 6 2024)
Last sale anchor
$1.50M
Sep 6 2024
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
$113 / 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
$19,804
Tax year 2023
Assessed value
$2,749,600
Assessed 2023
Previous assessed
$2,474,500
+11.1% YoY
Effective rate
0.72%
On assessed value
Assessed land
$1,221,000
Assessed improvement
$1,528,600
Land market value
$1,221,000
Improvement market value
$1,528,600
Total market value
$2,749,600
Applied tax rate
667.0000
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
1996
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
19,304 SF
Lot
1.94 ac (84,506 SF)
Zoning code
PI
APN
28041000302400
UPID
US90-1694415
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PI · Mukilteo, WAZoning PI · permitted uses
PI · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district PI is to promote Planned Industrial uses.
Zone name
Planned Industrial
General category
INDUSTRIAL
Zone area
91.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
Salinas Construction INC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
$1,500,000
Salinas Construction INC
Juan Salinas
Bargain & Sale Deed
—
Apr 1, 2024
—
Juan Salinas
Juan Salinas
Intrafamily Transfer
related
—
Oct 7, 2022
—
John A Salinas
John Salinas
Intrafamily Transfer
related
—
Dec 29, 2017
—
John A Salinas
—
Deed
related
$1,211,679 · Wells Fargo Bank NA
Jun 12, 2007
$2,500,000
John Salinas
Clayton Living Trust
Warranty Deed
$2,000,000 · Bank Of America
—
—
Richard J Clayton
—
Deed Of Trust
related
$400,000 · Seafirst 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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