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Property profile & analytics
OFF-MARKET
Estimated value
$17,020,000
Distribution centers
1100 Andover W Park Tukwila, WA 98188-3909
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US90-0704413
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
143,978 SF
Lot
5.62 ac (244,816 SF)
Zoning code
TUC-WP
APN
352304-9053
UPID
US90-0704413
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
$17.02M
Owner & transaction history
Lincoln Center Holdings INC · 28 yrs held
Lincoln Center Holdings INC
since 1998
4 recorded transactions
Zoning & alternative use
TUC-WP · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The large southern portion of the plan area will continue to provide a wide range of distribution, warehousing, light industrial, big box retail, and furniture outlets, with incremental infill by office and other complementary commercial uses
Zone name
Tukwila Urban Center Workplace
General category
INDUSTRIAL
Zone area
267.45 ac
Source
Realmo
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 Tukwila submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tukwila 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
$118 / 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
$250,392
Tax year 2022
Assessed value
$23,101,800
Assessed 2022
Previous assessed
$23,101,800
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$9,792,600
Assessed improvement
$13,309,200
Land market value
$9,792,600
Improvement market value
$13,309,200
Total market value
$23,101,800
Applied tax rate
2,426.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
143,978 SF
Lot
5.62 ac (244,816 SF)
Zoning code
TUC-WP
APN
352304-9053
UPID
US90-0704413
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-WP · Tukwila, WAZoning TUC-WP · permitted uses
TUC-WP · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The large southern portion of the plan area will continue to provide a wide range of distribution, warehousing, light industrial, big box retail, and furniture outlets, with incremental infill by office and other complementary commercial uses
Zone name
Tukwila Urban Center Workplace
General category
INDUSTRIAL
Zone area
267.45 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
5.62 ac
Current owner
From public records · entity-resolved
Lincoln Center Holdings INC
Entity
Mailing address
600 108TH AVE NE STE #340, BELLEVUE, WA 98004-5126
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2017
—
Lincoln Center Holdings INC
—
Deed
related
$4,000,000 · Miscellaneous Ins Co
Jun 1, 1998
$5,493,000
Lincoln Center Holdings INC
Fair Ventures Investments Ltd
Grant Deed
related
—
—
—
Lincoln Center Holdings INC
—
Deed Of Trust
related
$4,500,000 · Prudential Insurance Co
—
—
Lincoln Center Holdings INC
—
Deed Of Trust
related
$4,000,000 · Miscellaneous Ins Co
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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