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Property profile & analytics
OFF-MARKET
Estimated value
$15,000,000
Parking lots & garages
16029 International Blvd, Seatac, WA 98188-2651
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-2343320
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1948
Construction
WOOD FRAME
Total area
1,916 SF
Lot
0.13 ac (5,750 SF)
Zoning code
CB-C
APN
940940-0140
UPID
US90-2343320
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
$15.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.00M
Owner & transaction history
Sea Tac Investments LLC · 1 yrs held
Sea Tac Investments LLC
since 2024
Last sale
$15.0M
6 recorded transactions
Zoning & alternative use
CB-C · Seatac, 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 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
$15,000,000
ML approach
$15,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.00M
Range $13.50M – $16.50M · ±10% · vs last sale $15.00M (Dec 16 2024)
Last sale anchor
$15.00M
Dec 16 2024
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
$7,829 / 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
$3,780
Tax year 2022
Assessed value
$333,500
Assessed 2022
Previous assessed
$333,500
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$333,500
Land market value
$333,500
Total market value
$333,500
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1948
Construction
WOOD FRAME
Heating
OTHER
Stories
1
Total area
1,916 SF
Lot
0.13 ac (5,750 SF)
Zoning code
CB-C
APN
940940-0140
UPID
US90-2343320
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB-C · Seatac, WA
Zoning 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
Seatac. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Construction
WOOD FRAME
Heating
OTHER
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Sea Tac Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
16025 INTERNATIONAL BLVD, SEATAC, WA 98188-2651
Ownership since
2024
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
Dec 16, 2024
—
Sea Tac Investments LLC
Port Of Seattle
Deed
related
—
Dec 30, 2014
$15,000,000
Sea-tac Investments LLC|international Boule
Ansco Properties LLC
Grant Deed
$120,000,000 · Miscellaneous Ins Co
Mar 21, 2007
$247,200
Ansco Properties LLC
Sea-tac Investments LLC
Quit Claim Deed
related
—
Jun 28, 2001
$155,000
Sea-tac Investments LLC
Cavey,charles
Grant Deed
—
May 22, 2001
—
Charles Cavey
Markham,melvin C
Quit Claim Deed
related
—
—
—
Ansco Properties LLC
—
Deed Of Trust
related
$1,500,000 · Sella Properties LLC
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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