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Property profile & analytics
OFF-MARKET
Estimated value
$9,800,000
Warehouses
1334 Alaskan Way, Seattle, WA 98101-2097
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0655432
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1912
Construction
CONCRETE
Total area
95,330 SF
Lot
0.41 ac (18,003 SF)
Zoning code
DMC-170
APN
766620-2440
UPID
US90-0655432
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
-
Public Storage Storage Facility
-
Carol’s Penthouse Film Production
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.80M
Owner & transaction history
New Cingular Wireless Pcs LLC · 3 yrs held
New Cingular Wireless Pcs LLC
since 2023
4 recorded transactions
Zoning & alternative use
DMC-170 · Seattle, 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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,945,000
6.5%
$12,875,000
7%
$11,955,000
Blend value · Realmo final
$9.80M
Range $8.82M – $10.78M · ±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
$103 / 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
$132,341
Tax year 2022
Assessed value
$15,880,700
Assessed 2022
Previous assessed
$15,880,700
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$11,071,800
Assessed improvement
$4,808,900
Land market value
$11,071,800
Improvement market value
$4,808,900
Total market value
$15,880,700
Applied tax rate
11.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1912
Construction
CONCRETE
Heating
FORCED AIR
Stories
5
Total area
95,330 SF
Lot
0.41 ac (18,003 SF)
Zoning code
DMC-170
APN
766620-2440
UPID
US90-0655432
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC-170 · Seattle, WA
Zoning DMC-170 · permitted uses
DMC-170 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1912
Construction
CONCRETE
Heating
FORCED AIR
Stories
5
Lot
0.41 ac
Current owner
From public records · entity-resolved
New Cingular Wireless Pcs LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1025 LENOX PARK BLVD, BROOKHAVEN, GA 30319-5309
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
—
New Cingular Wireless Pcs LLC
Public Storage
Lease
—
May 10, 2012
—
Public Storage
Shurgard Of Fremont Partners II
Quit Claim Deed
related
—
May 24, 1999
$5,447,876
Shurgard/fremont Partners
Shurgard Storage Centers INC
Grant Deed
related
$64,680 · Bank Of Nova Scotia Trustee
Mar 2, 1994
—
Shurgard Storage Centers INC
Shurgard Income
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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