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Property profile & analytics
OFF-MARKET
Estimated value
$44,710,000
Office buildings
18000 International Blvd Seatac, WA 98188-4253
Entity Owned
Free & Clear
Property ID
US90-1614682
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
STEEL FRAME
Total area
226,771 SF
Lot
14.95 ac (651,300 SF)
Zoning code
CB-C
APN
332304-9001
UPID
US90-1614682
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.71M
Owner & transaction history
Urban Renaissance Property Company
Urban Renaissance Property Company
since 2025
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$66,990,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$44.71M
Range $40.24M – $49.18M · ±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
$197 / 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
Applied tax rate
2,231.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
OTHER
Buildings
3
Stories
11
Total area
226,771 SF
Lot
14.95 ac (651,300 SF)
Zoning code
CB-C
APN
332304-9001
UPID
US90-1614682
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$67.0M
WAREHOUSE, STORAGE
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
1974
Construction
STEEL FRAME
Heating
OTHER
Stories
11
Buildings
3
Lot
14.95 ac
Current owner
From public records · entity-resolved
Urban Renaissance Property Company
Entity
Free & Clear · 0 yrs held
Mailing address
18000 INTERNATIONAL BLVD STE #418, SEATAC, WA 98188-4259
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
—
Urban Renaissance Property Company
Stoc Owner LLC
Deed
—
Mar 4, 2025
—
Port Of Seattle
Stoc Owner LLC
Deed
—
Mar 4, 2025
$15,701,075
Port Of Seattle
Stoc Owner LLC
Bargain & Sale Deed
—
Aug 1, 2019
$30,128,800
Stoc Owner LLC
Stoc LLC
Quit Claim Deed
related
$71,000,000 · Us Bk
Jun 24, 2019
—
Stoc LLC
Sea-tac Venture 2010 LLC
Quit Claim Deed
related
—
Feb 20, 2019
—
Stoc LLC
—
Deed
related
—
Dec 15, 2016
—
Stoc LLC
—
Deed
related
—
Nov 3, 2015
—
Stoc LLC
—
Trustees Deed
related
$38,866,000 · Bank Of America
Nov 19, 2010
—
Sea-tac Venture 2010 LLC
Sac Associates LLC
Grant Deed
—
Dec 28, 2007
—
Sac Associates LLC
—
Deed Of Trust
related
$70,000,000 · Capmark Structured R/e Taxable
Mar 6, 2000
—
Boysen & Boysen LLC
Boysen & Boysen Partnership
Quit Claim Deed
related
—
Apr 23, 1999
—
Realty LP Kilroy
—
Deed Of Trust
related
$30,000,000 · Monumental Life Insurance
—
—
Sea-tac Venture 2010 LLC
—
Deed Of Trust
related
$36,000,000 · Natixis R/e Cap
—
—
Stoc LLC
—
Loan Modification
related
—
—
—
Realty LP Kilroy
—
Deed Of Trust
related
$12,000,000 · Morgan Guaranty Trust Ny Ttee
—
—
Stoc LLC
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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