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    Property profile & analytics

    12119 Marginal S Way Tukwila, WA 98168-2579

    • Warehouses
    • 12,500 SF
    • 1.28 lot acres
    OFF-MARKET
    Last Sale
    Dec 31, 2020
    $6,625,000
    Value Estimations
    $6,665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1540907
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 12119 Marginal S Way

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.28 lot acres
    Property size
    12,500 SF
    Zone code
    MIC/H
    Property type
    Warehouses
    APN
    102304-9075
    APU
    1023049075

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,550,000
      ML approach
      $7,475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,048,000
      Market price range: $2.26M - $5.70M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,560,000
      COMMERCIAL (GENERAL)
      $6,325,000
      AUTO REPAIR, GARAGE
      $5,145,000
      RETAIL STORES
      $5,010,000
      APARTMENT HOUSE (5+ UNITS)
      $4,435,000
      OFFICE BUILDING
      $4,415,000
      MEDICAL BUILDING
      $4,300,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tukwila
    County
    King
    State
    Washington
    Longitude
    -122.287
    Latitude
    47.4938
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $37,135
    $1,669,400
    $1,601,100
    $3,270,500
    -
    $1,669,400
    $1,601,100
    $3,270,500

    Comparable in this City

    • Value Estimation
      $9,815,000
      70,550 SF

      12674 Gtwy S Dr

      WAREHOUSE, STORAGE • 70,550 SF
      12674 Gtwy S Dr, Tukwila, WA 98168-3307
      View Details
    • Value Estimation by Request
      864 SF

      11030 Marginal S Way

      WAREHOUSE, STORAGE • 864 SF
      11030 Marginal S Way, Tukwila, WA 98168-1935
      View Details
    • Value Estimation by Request
      3,250 SF

      14034 1st S Ave

      MINI-WAREHOUSE, STORAGE • 3,250 SF
      14034 1st S Ave, Burien, WA 98168-3402
      View Details
    • Value Estimation
      $4,255,000
      38,600 SF

      4310 131st Pl

      WAREHOUSE, STORAGE • 38,600 SF
      4310 131st Pl, Tukwila, WA 98168-3200
      View Details
    • Value Estimation
      $3,030,000
      25,400 SF

      4650 134th Pl

      WAREHOUSE, STORAGE • 25,400 SF
      4650 134th Pl, Tukwila, WA 98168-3241
      View Details
    • Value Estimation
      $3,090,000
      30,600 SF

      4495 134th Pl

      WAREHOUSE, STORAGE • 30,600 SF
      4495 134th Pl, Tukwila, WA 98168-6204
      View Details

    Similar Nearby for Sale

    • $2,300,000

      Tukwila Mixed-Use Building For Sale

      Versatile retail, office, and warehouse space on Tukwila International Boulevard.
      13003 Tukwila International Blvd, Tukwila, WA 98168
      View Details
    • $3,500,000
      6,000 SF

      Remodeled Mixed-Use Corner Lot

      Remodeled mixed-use building with apartments, office, and warehouse space.
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      Remodeled Mixed-Use Corner Lot

      Remodeled mixed-use building with warehouse, office, and apartments.
      108 S 108Th St, Seattle, WA 98168
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    • $4,000,000
      10,833 SF

      Seattle Industrial Distribution Center

      10,833 SF Warehouse, $4M Asking
      10818 Myers Way, Seattle, WA 98168
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    • $1,150,000

      Free Standing Shop/Warehouse For Sale

      Small shop/warehouse, formerly a machine shop, available for purchase.
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      Burien Commercial Corner Lot Investment

      Prime Burien location, high traffic, commercial zoning.
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    Similar Nearby for Lease

    • Contact for pricing
      3,975 SF

      Tukwila Flex Space Available Now

      5,050 SF flex space with excellent access to highways.
      12600-12608 Interurban Ave S, Tukwila, WA 98168
      View Details
    • Contact for pricing

      Warehouse Near SeaTac Airport Tarmac

      Warehouse space with dock doors and secure truck court.
      1842 S 144Th St, Seatac, WA 98168
      View Details
    • Contact for pricing
      10,786 SF

      Tukwila Warehouse Space Available

      Warehouse space available for rent in Tukwila, Washington.
      12664-12668 Interurban Ave S, Tukwila, WA 98168
      View Details
    • Contact for pricing
      5,140 SF

      Tukwila Flex Space Available

      Flex space in Tukwila with easy access to amenities.
      4487-4497 S 134Th Pl, Tukwila, WA 98168
      View Details
    • Contact for pricing
      13,550 SF

      SeaTac Warehouse with Expansion Potential

      13,550 SF warehouse near Sea-Tac Airport with expansion potential.
      1840-1844 S 144Th St, Seatac, WA 98168
      View Details
    • Contact for pricing
      7,118 SF

      Tukwila Warehouse Space Available

      Industrial warehouse space available for rent in Tukwila, Washington.
      12620-12628 Interurban Ave S, Tukwila, WA 98168
      View Details
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    Tukwila, WA 98168-2579
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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