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Property profile & analytics
OFF-MARKET
Estimated value
$9,640,000
Warehouses
9100 State Rte 92 Lake Stevens, WA 98258-9370
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1427860
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
TYPE NOT SPECIFIED
Total area
95,206 SF
Lot
6.89 ac (300,128 SF)
Zoning code
40
APN
590700025802
UPID
US90-1427860
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.64M
Owner & transaction history
State Of Wa Departmenttrustansporta · 13 yrs held
State Of Wa Departmenttrustansporta
since 2013
7 recorded transactions
Zoning & alternative use
40 · Lake Stevens, 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 Lake Stevens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Stevens 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
$101 / 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
$88,364
Tax year 2023
Assessed value
$9,168,000
Assessed 2023
Previous assessed
$8,646,000
+6.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$762,900
Assessed improvement
$8,405,100
Land market value
$762,900
Improvement market value
$8,405,100
Total market value
$9,168,000
Applied tax rate
408.0000
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
2018
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Buildings
2
Stories
3
Total area
95,206 SF
Lot
6.89 ac (300,128 SF)
Zoning code
40
APN
590700025802
UPID
US90-1427860
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
40 · Lake Stevens, WA
Zoning 40 · permitted uses
40 · Lake Stevens, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Stevens. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
6.89 ac
Current owner
From public records · entity-resolved
State Of Wa Departmenttrustansporta
Individual
Mailing address
7440 E PINNACLE PEAK RD STE #142, SCOTTSDALE, AZ 85255-3638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2020
—
Clock Tower Self Storage Lake Steve
—
Deed
related
$9,107,751 · Columbia State Bank
Jan 27, 2017
—
Clock Tower Self Storage Lake Steve
—
Deed
related
$9,257,751 · Pacific Continental Bank
Jan 31, 2013
—
State Of Wa Departmenttrustansporta
Clock Tower Self Storage-lake
Quit Claim Deed
related
—
Sep 7, 2006
—
David A Lee
Lee,claudia D
Quit Claim Deed
related
—
Sep 7, 2006
$663,400
David A Lee
Eaton,donald C & Jeanette L
Warranty Deed
—
Jan 4, 1999
$550,000
Donald C Eaton
Highway 9 Associates
Grant Deed
$532,831 · Frontier Bank
—
—
Clock Tower Self Storage-lake
—
Deed Of Trust
related
$4,270,000 · Wells Fargo Bank
—
—
Clock Tower Self Storage-lake
—
Deed Of Trust
related
$4,270,000 · Wells Fargo Bank
—
—
Clock Tower Self Storage-lake
—
Loan Modification
related
$1,584,230 · Wells Fargo Bk
—
—
Donald C Eaton
—
Deed Of Trust
related
$1,550,000 · Cascade Bank
—
—
Donald C Eaton
—
Deed Of Trust
related
$532,000 · Cascade 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.
Try Rey
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