Back to Search
Property profile & analytics
FOR LEASE
Distribution centers
130 S Dakota St Seattle, WA 98134
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-1185275
For Lease
Contact for pricing
130 S Dakota St, Seattle, WA 98134
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,000 SF
Lot
0.99 ac (43,230 SF)
Zoning code
IG1 U/85
APN
617290-0220
UPID
US90-1185275
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
-
Cascade Designs (MSR,Therm-a-Rest, etc) Repair Shop Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1st Avenue South Seattle Owner LLC · 5 yrs held
1st Avenue South Seattle Owner LLC
since 2021
Last sale
$24.3M
7 recorded transactions
Zoning & alternative use
IG1 U/85 · Seattle, WA
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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
—
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
$50,329
Tax year 2022
Assessed value
$5,194,300
Assessed 2022
Previous assessed
$5,194,300
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$2,377,600
Assessed improvement
$2,816,700
Land market value
$2,377,600
Improvement market value
$2,816,700
Total market value
$5,194,300
Applied tax rate
10.0000
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
For Lease
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
36,000 SF
Lot
0.99 ac (43,230 SF)
Zoning code
IG1 U/85
APN
617290-0220
UPID
US90-1185275
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG1 U/85 · Seattle, WAZoning IG1 U/85 · permitted uses
IG1 U/85 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Building & site characteristics
From public records
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
1st Avenue South Seattle Owner LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4000 1ST AVE S, SEATTLE, WA 98134-2301
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2021
—
1st Avenue South Seattle Owner LLC
—
Deed
related
$18,450,000 · East West Bank
Jun 10, 2021
$24,275,000
1st Avenue South Seattle Owner LLC
Cascade Designs East LLC
Bargain And Sale Deed
—
Dec 23, 2019
—
Cascade Designs East LLC
Seattle First Avenue LLC
Trustees Deed
$15,500,000 · Iborrow Reit LP
Mar 1, 2016
—
Seattle First Avenue LLC
Cascade Designs INC
Quit Claim Deed
related
$12,000,000 · Keybank USA
Sep 18, 2012
—
Cascade Designs INC
—
Deed Of Trust
related
$6,400,000 · Key Bank & Trust
Sep 3, 2010
—
Cascade Designs INC
—
Deed Of Trust
related
$10,200,000 · Wells Fargo Bank
Sep 2, 2009
—
Cascade Designs INC
—
Deed Of Trust
related
$3,825,000 · Wells Fargo Hsbc Trade Bank
Sep 1, 2006
—
Cascade Designs INC
—
Deed Of Trust
related
$13,000,000 · Wells Fargo Hsbc Trade Bank
Oct 2, 2001
—
Cascade Designs INC
—
Deed Of Trust
related
$2,742,500 · Wells Fargo Hsbc Trade Bank
Dec 23, 1998
$1,700,000
Cascade Designs INC
Chb Co
Grant Deed
$1,340,000 · Us Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
