Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$17,125,000
Manufacturing properties
Arlington, WA 98223
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2121211
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
2008
Total area
7,200 SF
Lot
2.15 ac (93,654 SF)
Zoning code
GI
APN
31051100306800
UPID
US90-2121211
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
$10.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.08M
Blend (final)
Blend
$17.13M
Owner & transaction history
Paul Taylor · 5 yrs held
Paul Taylor
since 2021
Last sale
$19.3M
7 recorded transactions
Zoning & alternative use
GI · Arlington, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Industrial (GI) and Light Industrial (LI) districts are hereby established primarily to accommodate enterprises engaged in the manufacturing, processing, creating, repairing, renovating, painting, cleaning, or assembling of goods, merchandise, or equipment and for construction trade s and other similar contractor related businesses located within…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
853.95 ac
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
$22,345,000
ML approach
$10,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.13M
Range $15.41M – $18.84M · ±10% · vs last sale $19.25M (Jan 7 2021)
Last sale anchor
$19.25M
Jan 7 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
$2,378 / 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
$8,508
Tax year 2023
Assessed value
$1,101,600
Assessed 2023
Previous assessed
$1,340,900
-17.8% YoY
Effective rate
0.77%
On assessed value
Assessed land
$905,900
Assessed improvement
$195,700
Land market value
$905,900
Improvement market value
$195,700
Total market value
$1,101,600
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
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
2008
Heating
YES
Cooling
NONE
Stories
1
Total area
7,200 SF
Lot
2.15 ac (93,654 SF)
Zoning code
GI
APN
31051100306800
UPID
US90-2121211
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GI · Arlington, WAZoning GI · permitted uses
GI · Arlington, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Industrial (GI) and Light Industrial (LI) districts are hereby established primarily to accommodate enterprises engaged in the manufacturing, processing, creating, repairing, renovating, painting, cleaning, or assembling of goods, merchandise, or equipment and for construction trade s and other similar contractor related businesses located within the Cascade
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
853.95 ac
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Paul Taylor
Individual
Mailing address
BELLEVUE, WA 98005
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2021
$19,250,000
Paul Taylor
Cook Investments Nw Indust Park LLC
Warranty Deed
$10,500,000 · Northwest Bank
Oct 27, 2020
—
Cook Investments Nw Indust Park LLC
—
Deed
related
$13,078,000 · Coastal Community Bank
Jun 11, 2020
—
Cook Invs Nw Indust Pk LLC
—
Deed
related
$1,000,000 · Three Girl Holdings LLC
Sep 25, 2019
—
Cook Invs Nw Indust Pk LLC
—
Grant Deed
related
$1,250,000 · Gallery Capital LLC
Feb 6, 2009
—
Cook Invs Nw Indust Pk LLC
—
Deed Of Trust
related
$4,000,000 · Horizon Bank
Feb 5, 2009
—
Cook Invs Nw Indust Pk LLC
—
Deed Of Trust
related
$4,585,000 · United Commercial Bank
Jul 22, 2005
$4,100,000
Cook Invs Nw Indust Pk LLC
Miller Shingle Co INC
Warranty Deed
—
Aug 3, 2001
$65,000
LP Plains Marketing
Canpet Energy Group USA INC
Grant Deed
—
—
—
Cook Invs Nw Indust Pk LLC
—
Deed Of Trust
related
$1,000,000 · Three Girl Holdings LLC
—
—
Cook Invs Nw Indust Park LLC
—
Deed Of Trust
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.
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?”
Own this property?
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.
