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Property profile & analytics
OFF-MARKET
Estimated value
$33,535,000
Community centers
17405 Southcenter Pkwy Seattle, WA 98188
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0100787
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
126,916 SF
Lot
11.85 ac (515,988 SF)
Zoning code
TUC-CC
APN
262304-9067
UPID
US90-0100787
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
$32.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.54M
Owner & transaction history
Zolo LLC · 4 yrs held
Zolo LLC
since 2022
Last sale
$36.0M
7 recorded transactions
Zoning & alternative use
TUC-CC · 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
$29,245,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,640,000
6.5%
$32,895,000
7%
$30,545,000
Blend value · Realmo final
$33.54M
Range $30.18M – $36.89M · ±10% · vs last sale $36.00M (Feb 1 2022)
Last sale anchor
$36.00M
Feb 1 2022
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
$264 / 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
$356,986
Tax year 2022
Assessed value
$30,725,700
Assessed 2022
Previous assessed
$30,725,700
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$22,961,400
Assessed improvement
$7,764,300
Land market value
$22,961,400
Improvement market value
$7,764,300
Total market value
$30,725,700
Applied tax rate
2,421.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Buildings
2
Stories
1
Total area
126,916 SF
Lot
11.85 ac (515,988 SF)
Zoning code
TUC-CC
APN
262304-9067
UPID
US90-0100787
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-CC · Seattle, WA
Zoning TUC-CC · permitted uses
TUC-CC · 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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Buildings
2
Lot
11.85 ac
Current owner
From public records · entity-resolved
Zolo LLC
Entity
Mailing address
2617 2ND AVEB, SEATTLE, WA 98121-1211
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
$36,000,000
Zolo LLC
Clpf Tukwila LP
Bargain And Sale Deed
$23,400,000 · Dbr Investments Co Limited
Aug 4, 2017
—
Clpf-tukwila LP
—
Deed
related
$200,000,000 · Miscellaneous Ins Co
Dec 31, 2003
$38,455,000
Clpf-tukwila LP
Jamestown 16 LP
Grant Deed
—
Jan 31, 1997
$28,500,000
Jamestown 16 LP
P-3/parkway LLC
Grant Deed
$18,200,000 · Nationwide Life Insurance Co
Apr 25, 1995
—
P-3/parkway LLC
Shidler/west Finance Partners
Grant Deed
$21,605,000 · Seattle-first National Bank
—
—
Clpf-tukwila LP
—
Deed Of Trust
related
$200,000,000 · Miscellaneous Ins Co
—
—
Clpf-tukwila LP
—
Deed Of Trust
related
$13,500,000 · Metropolitan Life Insurance
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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