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Property profile & analytics
OFF-MARKET
Estimated value
$7,850,000
Distribution centers
18800 8th S Ave Seatac, WA 98148-1960
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0484519
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Construction
CONCRETE
Total area
60,455 SF
Lot
3.11 ac (135,325 SF)
Zoning code
RBX
APN
322304-9023
UPID
US90-0484519
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
$10.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.85M
Owner & transaction history
Lba Ncc2-company X LLC · 7 yrs held
Lba Ncc2-company X LLC
since 2018
7 recorded transactions
Zoning & alternative use
RBX · Seatac, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to provide a higher intensity commercial zone providing areas for the compatible development of heavy commercial uses such as warehouse/distribution, light assembly and service commercial in tandem with people intensive commercial uses, such as office and related retail uses, It is a transitional zone between industrial areas and…
Zone name
Regional Business Mix
General category
MIXED_USE
Zone area
131.73 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,075,000
6.5%
$10,225,000
7%
$9,490,000
Blend value · Realmo final
$7.85M
Range $7.07M – $8.64M · ±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
$130 / 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
$144,885
Tax year 2022
Assessed value
$13,369,800
Assessed 2022
Previous assessed
$13,369,800
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,029,800
Assessed improvement
$11,340,000
Land market value
$2,029,800
Improvement market value
$11,340,000
Total market value
$13,369,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
FORCED AIR
Stories
2
Total area
60,455 SF
Lot
3.11 ac (135,325 SF)
Zoning code
RBX
APN
322304-9023
UPID
US90-0484519
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RBX · Seatac, WAZoning RBX · permitted uses
RBX · 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 a higher intensity commercial zone providing areas for the compatible development of heavy commercial uses such as warehouse/distribution, light assembly and service commercial in tandem with people intensive commercial uses, such as office and related retail uses, It is a transitional zone between industrial areas and less intensive commercial, mixed use or residential zones, The regional business mix zone implements the Comprehensive Plan’s regional business mix land use designation
Zone name
Regional Business Mix
General category
MIXED_USE
Zone area
131.73 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE
Heating
FORCED AIR
Stories
2
Lot
3.11 ac
Current owner
From public records · entity-resolved
Lba Ncc2-company X LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2018
$11,809,179
Lba Ncc2-company X LLC
Prologis Targeted Us Logistics
Grant Deed
—
Nov 8, 2010
—
Amb Us Logistics Fund LP
—
Deed Of Trust
related
$92,368,043 · Hartford Life & Annuity Ins Co
Oct 27, 2010
—
Amb Us Logistics Fund LP
Amb Partners II LP
Quit Claim Deed
—
Jul 2, 2008
—
Amb Partnres II
—
Deed Of Trust
related
$160,000,000 · Hartford Life Insurance Co
Apr 26, 2000
—
Iac Seattle-iv LLC
—
Grant Deed
related
$15,900,000 · Lasalle National Bank
Dec 22, 1999
—
Iac Seattle-iv LLC
—
Grant Deed
related
$20,000,000 · Lasalle National Bank
Nov 17, 1998
$5,200,000
Iac Western LLC
Spieker Properties LP
Grant Deed
—
Mar 24, 1998
$2,313,000
Speiker Properties LP
Henderson Homes INC
Grant Deed
—
Aug 30, 1996
$1,834,000
Henderson Homes INC
Henderson,charles L & Cindy W
Grant Deed
related
—
Nov 8, 1995
$141,134
Charles L 7 Cindy W Henderson
Moore,roy
Grant Deed
$76,134 · Seller
Jul 14, 1988
—
Roy Moore
Hunsaker,james M
Grant 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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