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Property profile & analytics
OFF-MARKET
Estimated value
$11,215,000
Distribution centers
11621 Marginal S Way, Tukwila, WA 98168-1965
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1182294
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1996
Construction
CONCRETE
Total area
43,580 SF
Lot
2.93 ac (127,418 SF)
Zoning code
MIC/L
APN
102304-9044
UPID
US90-1182294
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
$7.89M
CAP Approach
CAP
$7.37M
Comparable Approach
Comparable
$14.58M
Blend (final)
Blend
$11.22M
Owner & transaction history
Salyx LLC · 3 yrs held
Salyx LLC
since 2022
Last sale
$13.0M
7 recorded transactions
Zoning & alternative use
MIC/L · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.9M
+39.3%
Retail stores
$17.5M
+35.7%
Apartment house (5+ units)
$15.5M
+20.1%
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
Method
Estimation
Statistic approach
$11,540,000
ML approach
$7,885,000
CAP Approach
CAP Return
Estimation
6%
$7,985,000
6.5%
$7,370,000
7%
$6,845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,875,000
Current use
AUTO REPAIR, GARAGE
$17,930,000
Change: +39% · Conversion: Easy
RETAIL STORES
$17,475,000
Change: +36% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$15,455,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$15,400,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$14,985,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$11.22M
Range $10.09M – $12.34M · ±10% · vs last sale $12.96M (Sep 2 2022)
Last sale anchor
$12.96M
Sep 2 2022
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
$257 / 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
$105,329
Tax year 2022
Assessed value
$9,441,700
Assessed 2022
Previous assessed
$9,441,700
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,822,500
Assessed improvement
$5,619,200
Land market value
$3,822,500
Improvement market value
$5,619,200
Total market value
$9,441,700
Applied tax rate
2,417.0000
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
1996
Construction
CONCRETE
Heating
OTHER
Stories
2
Total area
43,580 SF
Lot
2.93 ac (127,418 SF)
Zoning code
MIC/L
APN
102304-9044
UPID
US90-1182294
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MIC/L · Tukwila, WA
Zoning MIC/L · permitted uses
MIC/L · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tukwila. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.9M
AUTO REPAIR, GARAGE
Est. value
$17.9M
RETAIL STORES
Est. value
$17.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.5M
OFFICE BUILDING
Est. value
$15.4M
MEDICAL BUILDING
Est. value
$15.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1996
Construction
CONCRETE
Heating
OTHER
Stories
2
Lot
2.93 ac
Current owner
From public records · entity-resolved
Salyx LLC
Entity
Mailing address
9700 MARTIN LUTHER KING JR WAY S, SEATTLE, WA 98118-5632
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$12,957,611
Salyx LLC
Heartwood Properties LLC
Warranty Deed
$9,718,208 · Banner Bank
Oct 18, 2013
$4,100,000
Heartwood Properties LLC
Chatham Co LLC
Warranty Deed
$4,100,000 · Sterling Bank
Jun 16, 1995
$953,564
Chatham Co LLC
North Properties
Grant Deed
—
Apr 1, 1993
$9,525,000
Gateway North Seagate
Bedford
Grant Deed
$6,667,500 · Company Misc
May 10, 1988
$5,010,494
Bedford Properties
Rosatto Associat
Grant Deed
—
—
—
Inflow INC
—
Deed Of Trust
related
—
—
—
Chatham Co LLC
—
Deed Of Trust
related
$684,538 · Colleen S Willoughby
—
—
Chatham Co LLC
—
Deed Of Trust
related
$2,000,000 · First Interstate Bank Washingt
—
—
Chatham Co LLC
—
Deed Of Trust
related
$471,780 · Colleen S Willoughby
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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