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Property profile & analytics
FOR LEASE
Office buildings
8225 44Th Ave W Mukilteo, WA 98275
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1131353
No photos on file
For Lease
Contact for pricing
8225 44Th Ave W, Mukilteo, WA 98275
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1981
Construction
TYPE NOT SPECIFIED
Total area
24,188 SF
Lot
3.81 ac (165,964 SF)
Zoning code
PI
APN
611600009703
UPID
US90-1131353
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
-
Gaylin Lucas, PT Physician
-
Senior Service of Snohomish Community Center
-
Seniors Service Housing Management Home Health Care Service
-
Transportation Assistance Program Freight Service Logistics Company
-
Zap Energy Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Alco Mukilteo Business Park LLC · 4 yrs held
Alco Mukilteo Business Park LLC
since 2022
Last sale
$25.0M
7 recorded transactions
Zoning & alternative use
PI · Mukilteo, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$45,285
Tax year 2023
Assessed value
$6,289,300
Assessed 2023
Previous assessed
$4,391,200
+43.2% YoY
Effective rate
0.72%
On assessed value
Assessed land
$2,405,800
Assessed improvement
$3,883,500
Land market value
$2,405,800
Improvement market value
$3,883,500
Total market value
$6,289,300
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
24,188 SF
Lot
3.81 ac (165,964 SF)
Zoning code
PI
APN
611600009703
UPID
US90-1131353
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PI · Mukilteo, WA
Zoning PI · permitted uses
PI · Mukilteo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mukilteo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
3.81 ac
Current owner
From public records · entity-resolved
Alco Mukilteo Business Park LLC
Entity
Mailing address
33930 WEYERHAEUSER WAY S STE #150, FEDERAL WAY, WA 98001-9773
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
—
Alco Mukilteo Business Park LLC
—
Deed
related
$12,500,000 · Columbia State Bank
Jan 7, 2022
$25,000,000
Alco Mukilteo Business Park LLC
Sterling Realty Organization Co
Bargain And Sale Deed
—
Dec 20, 2018
—
Sterling Realty Organization Co
—
Deed
related
$12,580,000 · Wells Fargo Bank NA
Dec 6, 2010
—
City Of Mukilteo
Sterling Realty Organization C
Warranty Deed
—
Jun 30, 2005
$16,830,956
Realty Organization C Sterling
Braillard,francis H
Warranty Deed
—
Jun 30, 2004
—
Francis H Braillard
—
Deed Of Trust
related
$8,750,000 · Key Bank NA
Apr 12, 2000
—
Frank H Braillard
—
Deed Of Trust
related
$2,000,000 · Sterling Savings Bank
Apr 29, 1998
—
Francis Braillard
—
Deed Of Trust
related
$1,100,000 · Source Capital Corp
Jun 1, 1988
$3,100,000
—
—
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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