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Property profile & analytics
OFF-MARKET
Estimated value
$3,110,000
Manufacturing properties
15665 Nelson Pl Tukwila, WA 98188-5505
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3249577
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,000 SF
Lot
0.91 ac (39,774 SF)
Zoning code
TUC-TOD
APN
000580-0034
UPID
US90-3249577
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
$3.43M
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$3.11M
Owner & transaction history
Bbv Act3 LLC · 5 yrs held
Bbv Act3 LLC
since 2020
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
TUC-TOD · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The area extending from the bus transit center on Andover Park West eastward towards the Sounder commuter rail or Amtrak station is intended to provide a more compact and vibrant mix of housing, office, lodging and supportive retail and service uses
Zone name
Tukwila Urban Center Transit Oriented Development
General category
COMMERCIAL
Zone area
181.89 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
$3,420,000
ML approach
$3,430,000
CAP Approach
CAP Return
Estimation
6%
$2,415,000
6.5%
$2,230,000
7%
$2,070,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,520,000
Current use
Blend value · Realmo final
$3.11M
Range $2.80M – $3.42M · ±10% · vs last sale $3.00M (Sep 30 2020)
Last sale anchor
$3.00M
Sep 30 2020
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
$194 / 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
$29,949
Tax year 2022
Assessed value
$2,710,300
Assessed 2022
Previous assessed
$2,710,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$974,400
Assessed improvement
$1,735,900
Land market value
$974,400
Improvement market value
$1,735,900
Total market value
$2,710,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
16,000 SF
Lot
0.91 ac (39,774 SF)
Zoning code
TUC-TOD
APN
000580-0034
UPID
US90-3249577
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-TOD · Tukwila, WAZoning TUC-TOD · permitted uses
TUC-TOD · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The area extending from the bus transit center on Andover Park West eastward towards the Sounder commuter rail or Amtrak station is intended to provide a more compact and vibrant mix of housing, office, lodging and supportive retail and service uses
Zone name
Tukwila Urban Center Transit Oriented Development
General category
COMMERCIAL
Zone area
181.89 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.5M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Bbv Act3 LLC
Entity
Mailing address
1217 SW 7TH ST #110, RENTON, WA 98057-5213
Ownership since
2020
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
Sep 30, 2020
$3,000,000
Bbv Act3 LLC
Doremus Family Holdings LLC
Warranty Deed
$2,400,000 · Bank Of America NA
Mar 19, 2019
—
Doremus Family Holdings LLC
—
Deed
related
$2,119,068 · Jpmorgan Chase Bank NA
Sep 14, 2016
—
Doremus Family Holdings LLC
—
Deed
related
$2,220,000 · Bank Of The West
Apr 4, 2006
$1,350,000
Doremus Family Holdings LLC
Robert J Close
Warranty Deed
$1,085,317 · Evergreen Bank
Sep 15, 2005
—
Robert J Close
Schafer,helen A
Warranty Deed
related
—
Mar 8, 1991
$555,000
Close,robert J Trustee
Mckinnies,emily
Grant Deed
$255,300 · Seller
—
—
Doremus Family Holdings LLC
—
Deed Of Trust
related
$1,311,000 · Rural Housing & Community Dev
—
—
Doremus Family Holdings LLC
—
Deed Of Trust
related
$2,220,000 · Bank Of The West
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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