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Property profile & analytics
OFF-MARKET
Estimated value
$5,510,000
Warehouses
18700 Southcenter Pkwy Tukwila, WA 98188-4636
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1315343
Property summary
AI-generated overview
This King County warehouse in Tukwila, WA, offers flexible lease options for industrial tenants seeking space ranging from 500 to 4,326 square feet within a 5,000 square foot building at 18700 Southcenter Pkwy, 98188. The property features one dock-high door with a loading platform, allowing for efficient loading and unloading of goods. A total of 4,326 square feet is currently available for lease. The space includes 4,000 square feet of pallet racking and is suitable for dry storage, with cross-docking permitted. Tenants are allowed to receive and unpack freight on-site. Two small office spaces are also available. Access is controlled by staff, with hours of operation from 6:00 AM to 10:00 PM, Monday through Saturday (appointments required outside of these hours and on Sundays). The warehouse boasts a 25-foot ceiling height and is conveniently located near major freeways, SeaTac Airport, and Amazon facilities. The monthly rental rate is $2.00 per square foot, based on a 12-month lease commitment. Shorter-term leases may be available upon request and will be quoted individually. Tenants utilizing less than 1,000 square feet may use the space for labor
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,146 SF
Lot
2.19 ac (95,537 SF)
Zoning code
HI
APN
352304-9014
UPID
US90-1315343
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
$7.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.51M
Owner & transaction history
Gwi Tukwila Realty LLC · 11 yrs held
Gwi Tukwila Realty LLC
since 2014
7 recorded transactions
Zoning & alternative use
HI · Tukwila, 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 Tukwila submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tukwila 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%
$8,270,000
6.5%
$7,635,000
7%
$7,090,000
Blend value · Realmo final
$5.51M
Range $4.96M – $6.06M · ±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
$122 / 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
$82,086
Tax year 2022
Assessed value
$7,496,100
Assessed 2022
Previous assessed
$7,496,100
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,134,900
Assessed improvement
$6,361,200
Land market value
$1,134,900
Improvement market value
$6,361,200
Total market value
$7,496,100
Applied tax rate
2,361.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
45,146 SF
Lot
2.19 ac (95,537 SF)
Zoning code
HI
APN
352304-9014
UPID
US90-1315343
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HI · Tukwila, WA
Zoning HI · permitted uses
HI · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tukwila. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
2.19 ac
Current owner
From public records · entity-resolved
Gwi Tukwila Realty LLC
Entity
Mailing address
10510 NORTHUP WAY STE #300, KIRKLAND, WA 98033-7928
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2014
—
Gwi Tukwila Realty LLC
Gwi Waukesha Realty LLC
Quit Claim Deed
related
$30,000,000 · Tcf Nat'l Bk
Jun 7, 2013
—
Gwi Realty LLC
—
Loan Modification
related
$30,000,000 · Tcf National Bank
Nov 27, 2012
—
Gwi Realty LLC
—
Deed Of Trust
related
$7,600,000 · Tcf National Bank
Mar 16, 2012
—
Gwi Realty LLC
—
Deed Of Trust
related
$23,000,000 · Tcf National Bank
May 7, 2009
—
Gw1 Realty LLC
—
Deed Of Trust
related
$5,500,000 · Tcf National Bank
Dec 26, 2007
—
Gwi Realty LLC
—
Deed Of Trust
related
$8,000,000 · Tcf National Bank
Aug 23, 2006
—
Gwi Rlty LLC
Gaco Western INC
Quit Claim Deed
related
—
Jul 11, 2006
—
Gwi Realty LLC
Gwi Western INC
Quit Claim Deed
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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