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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Office buildings
18366 8th S Ave Seatac, WA 98148-1912
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-1664819
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Construction
WOOD
Total area
5,812 SF
Lot
0.79 ac (34,220 SF)
Zoning code
CB
APN
322304-9113
UPID
US90-1664819
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
$865k
Owner & transaction history
Park-n-jet LLC · 20 yrs held
Park-n-jet LLC
since 2005
4 recorded transactions
Zoning & alternative use
CB · Seatac, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to provide the highest intensity commercial development outside of 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 services on a community oriented basis
Zone name
Community Business
General category
COMMERCIAL
Zone area
32.48 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
$149 / 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
$13,551
Tax year 2022
Assessed value
$1,139,700
Assessed 2022
Previous assessed
$1,139,700
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$513,300
Assessed improvement
$626,400
Land market value
$513,300
Improvement market value
$626,400
Total market value
$1,139,700
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 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
2016
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Total area
5,812 SF
Lot
0.79 ac (34,220 SF)
Zoning code
CB
APN
322304-9113
UPID
US90-1664819
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Seatac, WAZoning CB · permitted uses
CB · 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 outside of 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 services on a community oriented basis
Zone name
Community Business
General category
COMMERCIAL
Zone area
32.48 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2016
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
Park-n-jet LLC
Entity
Mailing address
18220 8TH AVE S, SEATAC, WA 98148-1910
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
—
Park N Jet LLC
—
Deed
related
$13,800,000 · Heritage Southeast Bank
Aug 13, 2019
—
Park N Jet LLC
—
Deed
related
$450,000 · Heritage Bank
Sep 30, 2005
$475,000
Park-n-jet LLC
Diorio,frederick A & Viki L
Warranty Deed
$375,000 · Fredrick A & Viki L Diorio
Apr 9, 1991
$193,600
Frederick A Diorio
R S T
Grant Deed
$100,700 · Seller
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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