Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Commercial real estate
9700 Harbour Pl Ste 220 Mukilteo, WA 98275-4746
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0600940
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
2,085 SF
Zoning code
PCB(S)
APN
923100022000
UPID
US90-0600940
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
$480k
CAP Approach
CAP
$360k
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$515k
Owner & transaction history
Builders Investment Group LLC · 1 yrs held
Builders Investment Group LLC
since 2025
Last sale
$625,000
3 recorded transactions
Zoning & alternative use
PCB(S) · Mukilteo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$815,000
+28.8%
Office building
$745,000
+17.6%
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
$505,000
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
$390,000
6.5%
$360,000
7%
$335,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$630,000
Current use
MEDICAL BUILDING
$815,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$745,000
Change: +18% · Conversion: Easy
RETAIL STORES
$605,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$600,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $625k (Mar 21 2025)
Last sale anchor
$625k
Mar 21 2025
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
$247 / 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
$2,861
Tax year 2023
Assessed value
$396,000
Assessed 2023
Previous assessed
$385,700
+2.7% YoY
Effective rate
0.72%
On assessed value
Assessed land
$145,300
Assessed improvement
$250,700
Land market value
$145,300
Improvement market value
$250,700
Total market value
$396,000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
2,085 SF
Zoning code
PCB(S)
APN
923100022000
UPID
US90-0600940
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PCB(S) · Mukilteo, WA
Zoning PCB(S) · permitted uses
PCB(S) · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$630,000
MEDICAL BUILDING
Est. value
$815,000
OFFICE BUILDING
Est. value
$745,000
RETAIL STORES
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$600,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2001
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Builders Investment Group LLC
Entity
Mailing address
2932 216TH ST SW, BRIER, WA 98036-8011
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$625,000
Builders Investment Group LLC
Karen Olund
Warranty Deed
$575,000 · Karen Olund Etux
Sep 1, 2004
$231,000
Robert Olund
Paine Field Industrial Ctr LLC
Warranty Deed
—
Mar 25, 2002
—
Paine Field Industrial Center
—
Deed Of Trust
related
$3,360,000 · Bank Of Washington
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9700 Harbour Pl Ste, Unit 220?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
