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Property profile & analytics
OFF-MARKET
Estimated value
$6,035,000
Outlet malls
10210 16th SW Ave Seattle, WA 98146-1432
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0605556
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,801 SF
Lot
0.97 ac (42,300 SF)
Zoning code
CBSO
APN
797320-2800
UPID
US90-0605556
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
-
McLendon Hardware Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.39M
CAP Approach
CAP
$7.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.04M
Owner & transaction history
King County · 1 yrs held
King County
since 2025
Last sale
$5.6M
5 recorded transactions
Zoning & alternative use
CBSO · Seattle, 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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
$6,510,000
ML approach
$6,385,000
CAP Approach
CAP Return
Estimation
6%
$8,650,000
6.5%
$7,985,000
7%
$7,415,000
Blend value · Realmo final
$6.04M
Range $5.43M – $6.64M · ±10% · vs last sale $5.63M (Mar 14 2025)
Last sale anchor
$5.63M
Mar 14 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
$173 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$61,445
Tax year 2022
Assessed value
$5,120,500
Assessed 2022
Previous assessed
$5,120,500
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,269,000
Assessed improvement
$3,851,500
Land market value
$1,269,000
Improvement market value
$3,851,500
Total market value
$5,120,500
Applied tax rate
3,850.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
34,801 SF
Lot
0.97 ac (42,300 SF)
Zoning code
CBSO
APN
797320-2800
UPID
US90-0605556
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBSO · Seattle, WA
Zoning CBSO · permitted uses
CBSO · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
King County
Entity
Free & Clear · 1 yrs held
Mailing address
2451 PERKINS LN W, SEATTLE, WA 98199-3601
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
—
King County
Kindness LLC
Quitclaim Deed
related
—
Feb 11, 2019
$5,625,000
Kindness LLC
Cnr Seattle Wa Landlord LLC
Grant Deed
—
Apr 10, 2017
$4,884,992
Cnr Seattle Wa Landlord LLC
Tennessee Group LLC
Grant Deed
—
Apr 10, 2017
$56,000
Central Ntwk Retail Group LLC
Mclendon Hardware INC
Quit Claim Deed
related
—
Apr 10, 2017
—
Tennessee Group LLC
Mclendon Hardware INC
Quit Claim 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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