Financial
Distress signals
Property profile

2326 Airport Way S Seattle, WA 98134

FOR LEASE
Distribution centers
Property ID
US90-1976134
22,645 SF 1.87 ac lot Built 1947
Last sale Feb 2021 · $12,782,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 21,580-square-foot warehouse building with an included 7,769-square-foot office component and a 32-door cross-dock layout. It is situated on a 1.92-acre lot and includes approximately 1.25 acres of truck yard space. The warehouse has 14-foot high ceilings and 32 loading positions, with sixteen south-facing docks equipped with newer dock locks. The facility is configured for port first touch and e-commerce last touch operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$80k
Tax billed · 2022
Assessed value$7.93M
Assessed land$6.11M
Assessed improvement$1.82M
Effective rate1.01%

Value estimate

· Sep 2026
$12.74M
$11.46M – $14.01M
AI approach$9.76M
Submarket $/SF estimate$9.40M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$292/SF
ZIP average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$139 – $415
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IG2 U/85
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store13.3
Pharmacy12.3
HVAC Service11.1

Location

2326 Airport Way S Seattle, WA 98134
County assessor Recorded deeds · 9 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
24 Idaho, Seattle, WA 98134-1119 $8,250,000 Sep 2022 26,680 SF
3628 Marginal S, Seattle, WA 98134-1130 $2,935,000 Apr 2020 18,673 SF
2755 Airport S, Seattle, WA 98134-2112 $5,650,000 Jan 2020 21,310 SF
2250 1st S, Seattle, WA 98134-1408 $4,845,000 Aug 2019 17,459 SF
2015 Airport S, Seattle, WA 98134-1602 $37,200,000 Dec 2018 24,520 SF
4100 1st S, Seattle, WA 98134-2302 $850,000 Nov 2018 22,324 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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