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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Commercial real estate
15201 Military S Rd Seatac, WA 98188-2141
Entity Owned
15-yr Hold
Free & Clear
Property ID
US90-1752038
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,834 SF
Lot
0.43 ac (18,757 SF)
Zoning code
CB-C
APN
004300-0020
UPID
US90-1752038
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
$1.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
15201 Military Road South LLC · 15 yrs held
15201 Military Road South LLC
since 2010
6 recorded transactions
Zoning & alternative use
CB-C · Seatac, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to provide the highest intensity commercial development within the urban center in the form of retail/personal services for a local service area which exceeds the needs of adjacent neighborhood or commercial areas, and to provide retail and personal service on a community oriented basis
Zone name
Community Business In Urban Center
General category
COMMERCIAL
Zone area
287.58 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 Seatac submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seatac 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%
$1,945,000
6.5%
$1,795,000
7%
$1,665,000
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±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
$184 / 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
$46,952
Tax year 2022
Assessed value
$2,099,600
Assessed 2022
Previous assessed
$2,099,600
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$787,700
Assessed improvement
$1,311,900
Land market value
$787,700
Improvement market value
$1,311,900
Total market value
$2,099,600
Applied tax rate
2,212.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
8,834 SF
Lot
0.43 ac (18,757 SF)
Zoning code
CB-C
APN
004300-0020
UPID
US90-1752038
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB-C · Seatac, WAZoning CB-C · permitted uses
CB-C · Seatac, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zone is to provide the highest intensity commercial development within the urban center in the form of retail/personal services for a local service area which exceeds the needs of adjacent neighborhood or commercial areas, and to provide retail and personal service on a community oriented basis
Zone name
Community Business In Urban Center
General category
COMMERCIAL
Zone area
287.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
15201 Military Road South LLC
Entity
Free & Clear · 15 yrs held
Mailing address
12215 NE 128TH ST APT #328, KIRKLAND, WA 98034-7319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2010
—
15201 Military Road South LLC
Hubbard,imogene F
Warranty Deed
—
Aug 26, 2005
—
Saety Margaret F Trust
Saety,margaret F
Quit Claim Deed
related
—
—
—
Ki Ambassador Apartments LLC
—
Deed Of Trust
related
$1,400,000 · Seattle Fndg
—
—
Imogene F Hubbard
—
Deed Of Trust
related
$311,516 · Three S INC
—
—
Imogene F Hubbard
—
Deed Of Trust
related
$93,953 · Three S INC
—
—
Boyd F Keeland
—
Deed Of Trust
related
$28,715 · Loren & Rachel Sisley
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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