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Property profile & analytics
OFF-MARKET
Commercial land
16921 31st S Ave Seatac, WA 98188-3122
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1304334
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1955
Construction
WOOD FRAME
Total area
1,100 SF
Lot
0.23 ac (9,860 SF)
Zoning code
CB-C
APN
807680-0045
UPID
US90-1304334
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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
Joginder S Dhanoa · 2 yrs held
Joginder S Dhanoa
since 2024
Last sale
$230,000
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
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
$5,125
Tax year 2022
Assessed value
$473,200
Assessed 2022
Previous assessed
$473,200
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$473,200
Land market value
$473,200
Total market value
$473,200
Applied tax rate
2,226.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1955
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
1,100 SF
Lot
0.23 ac (9,860 SF)
Zoning code
CB-C
APN
807680-0045
UPID
US90-1304334
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
1955
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Joginder S Dhanoa
Individual
Mailing address
11016 SE 64TH ST, BELLEVUE, WA 98006-6312
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
Jan 26, 2024
—
Joginder S Dhanoa
Joginder S Dhanoa
Intrafamily Transfer
related
—
May 17, 2001
—
Joginder S Dhanoa
Dhanoa,takdir E & Joginder S
Quit Claim Deed
related
—
May 17, 2001
$230,000
Joginder S Dhanoa
Singh,brian
Grant Deed
$142,400 · American Sterling Bank
Jan 5, 2000
$175,000
Brian H Singh
Lawrence Trust
Grant Deed
$157,500 · Seattle Savings Bank
—
—
Joginder S Dhanoa
—
Deed Of Trust
related
$51,152 · Sterling Savings Bank
—
—
Joginder S Dhanoa
—
Deed Of Trust
related
$139,363 · Wells Fargo 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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