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Property profile & analytics
FOR LEASE
Warehouses
1224 Andover Park E Tukwila, WA 98188
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1474701
For Lease
1 / 6
$3,500,000
1224 Andover Park E, Tukwila, WA 98188
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,674 SF
Lot
1.02 ac (44,283 SF)
Zoning code
TUC-WP
APN
352304-9071
UPID
US90-1474701
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
$4.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.50M
Owner & transaction history
Stoneville USA INC · 2 yrs held
Stoneville USA INC
since 2024
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,885,000
6.5%
$4,510,000
7%
$4,190,000
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10%
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
$131 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$54,876
Tax year 2024
Assessed value
$4,733,600
Assessed 2023
Previous assessed
$4,733,600
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,859,800
Assessed improvement
$2,873,800
Land market value
$1,859,800
Improvement market value
$2,873,800
Total market value
$4,733,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
26,674 SF
Lot
1.02 ac (44,283 SF)
Zoning code
TUC-WP
APN
352304-9071
UPID
US90-1474701
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Stoneville USA INC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
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
Apr 5, 2024
—
Stoneville USA INC
7081 Consoli
Deed
—
Apr 4, 2024
$1,343,000
Northwest Business Development Assn
7081 Consoli
Assignment Of Deed
$1,343,000 · Northwest Business Development Associati
Dec 30, 2022
—
7081 Consolidated Way LLC
—
Deed
related
$1,310,908 · Poppy Bank
Nov 28, 2022
$6,500,000
7081 Consolidated Way LLC
Phoenix Rising Enterprises LLC
Warranty Deed
$4,468,661 · Poppy Bank
May 6, 2015
$2,475,000
Phoenix Rising Ents LLC
Cjmmk LLC
Trustees Deed
$1,237,500 · Bank Of America
Jul 29, 2014
—
Martha Stanton LLC
A & R Klein Family LLC
Quit Claim Deed
related
—
Feb 14, 2003
—
A & R Klein Family LLC
Klein,tr
Quit Claim Deed
related
—
Feb 13, 2003
—
A & R Klein Family Ltd
Klein,rose I
Quit Claim Deed
related
—
Jun 6, 1997
$1,100,000
Aaron P Klein
Sea-port Investments INC
Grant Deed
—
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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