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Property profile & analytics
OFF-MARKET
Estimated value
$20,875,000
Parking lots & garages
18613 International Blvd Seatac, WA 98188-4200
Entity Owned
16-yr Hold
Free & Clear
Property ID
US90-1041500
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2010
Construction
CONCRETE
Total area
596,532 SF
Lot
0.64 ac (27,750 SF)
Zoning code
CB-C
APN
332304-9205
UPID
US90-1041500
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
$20.88M
Owner & transaction history
Seatac Wallypark LLC · 16 yrs held
Seatac Wallypark LLC
since 2009
4 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
$35 / 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
$396,940
Tax year 2022
Assessed value
$37,766,900
Assessed 2022
Previous assessed
$37,766,900
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,554,000
Assessed improvement
$36,212,900
Land market value
$1,554,000
Improvement market value
$36,212,900
Total market value
$37,766,900
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2010
Construction
CONCRETE
Heating
NONE
Stories
4
Total area
596,532 SF
Lot
0.64 ac (27,750 SF)
Zoning code
CB-C
APN
332304-9205
UPID
US90-1041500
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
2010
Construction
CONCRETE
Heating
NONE
Stories
4
Lot
0.64 ac
Current owner
From public records · entity-resolved
Seatac Wallypark LLC
Entity
Free & Clear · 16 yrs held
Mailing address
707 WILSHIRE BLVD STE #4700, LOS ANGELES, CA 90017-3601
Ownership since
2009
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
Jul 31, 2009
—
Seatac Wallypark LLC
18613 International LLC
Quit Claim Deed
related
—
Aug 28, 2002
$1,800,000
18613 International LLC
Sebco INC
Grant Deed
—
Nov 30, 1995
$2,700
Seatac City
Sebco INC
Grant Deed
related
—
—
—
Seatac Wallypark LLC
—
Loan Modification
related
$32,000,000 · Miscellaneous Ins Co
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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