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Property profile & analytics
OFF-MARKET
Estimated value
$13,170,000
Warehouses
12855 48th S Ave Tukwila, WA 98168-3301
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-0682225
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
STEEL FRAME
Total area
79,540 SF
Lot
12.8 ac (557,380 SF)
Zoning code
C/LI
APN
000480-0013
UPID
US90-0682225
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.17M
Owner & transaction history
Prologis Uslv Newca 3 LLC · 11 yrs held
Prologis Uslv Newca 3 LLC
since 2015
7 recorded transactions
Zoning & alternative use
C/LI · Tukwila, 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 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%
$14,570,000
6.5%
$13,450,000
7%
$12,490,000
Blend value · Realmo final
$13.17M
Range $11.85M – $14.49M · ±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
$166 / 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
$249,165
Tax year 2022
Assessed value
$21,115,800
Assessed 2022
Previous assessed
$21,115,800
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$16,721,400
Assessed improvement
$4,394,400
Land market value
$16,721,400
Improvement market value
$4,394,400
Total market value
$21,115,800
Applied tax rate
2,401.0000
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
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Total area
79,540 SF
Lot
12.8 ac (557,380 SF)
Zoning code
C/LI
APN
000480-0013
UPID
US90-0682225
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C/LI · Tukwila, WA
Zoning C/LI · permitted uses
C/LI · 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.
Building & site characteristics
From public records
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Lot
12.8 ac
Current owner
From public records · entity-resolved
Prologis Uslv Newca 3 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2015
$20,916,834
Prologis Uslv Newca 3 LLC
Ktr Cawa LLC
Grant Deed
—
Jul 28, 2011
$15,725,000
Ktr Cawa LLC
Natmi Truck Terminals LLC
Grant Deed
—
Feb 6, 2009
$7,903,571
Natmi Truck Terminals LLC
Yrc INC
Grant Deed
—
Feb 6, 2009
—
Yrc INC
—
Deed Of Trust
related
$1,100,000,000 · J P Morgan Chase Bank
Jun 28, 1996
$7,200,000
Yellow Freight System INC
Temkin Property Co
Grant Deed
—
—
—
Ktr Cawa LLC
—
Loan Modification
related
$246,000 · Miscellaneous Ins Co
—
—
Ktr Cawa LLC
—
Loan Modification
related
$246,000,000 · Prudential Insurance Co Americ
—
—
Yellow Transportation INC
—
Deed Of Trust
related
$875,000 · Deutsche Bank Ag
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.
Try Rey
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