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Property profile & analytics
OFF-MARKET
Estimated value
$5,535,000
Warehouses
1900 146th St, Seatac, WA 98168-3780
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-3345540
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,025 SF
Lot
4.7 ac (204,855 SF)
Zoning code
I
APN
212304-9036
UPID
US90-3345540
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
$6.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.54M
Owner & transaction history
Rlf II West LLC · 6 yrs held
Rlf II West LLC
since 2019
7 recorded transactions
Zoning & alternative use
I · 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%
$7,515,000
6.5%
$6,935,000
7%
$6,440,000
Blend value · Realmo final
$5.54M
Range $4.98M – $6.09M · ±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
$135 / 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
$90,411
Tax year 2022
Assessed value
$7,933,800
Assessed 2022
Previous assessed
$7,933,800
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$3,072,800
Assessed improvement
$4,861,000
Land market value
$3,072,800
Improvement market value
$4,861,000
Total market value
$7,933,800
Applied tax rate
2,212.0000
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
41,025 SF
Lot
4.7 ac (204,855 SF)
Zoning code
I
APN
212304-9036
UPID
US90-3345540
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I · Seatac, WA
Zoning I · permitted uses
I · 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.
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
4.7 ac
Current owner
From public records · entity-resolved
Rlf II West LLC
Entity
Mailing address
201 WW ST, ANNAPOLIS, MD 21401-4654
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2019
$8,050,000
Rlf II West LLC
Dydig LLC
Warranty Deed
—
Jan 10, 2017
—
Dydig LLC
—
Deed
related
$3,280,000 · Heritage Bk
Dec 28, 2016
$6,500,000
Dydig LLC
Oe Seatac LLC
Warranty Deed
$3,280,000 · Heritage Bank
Apr 5, 2010
$5,000,000
Oe Seatac LLC
Rreef America Reit II Corp
Grant Deed
—
Jan 5, 2006
$4,775,000
Preef America Reit II Corp Mmm
Amb Institutional Alliance Fun
Grant Deed
—
Aug 10, 2000
$2,475,000
Amb Institution Alliance Fund
Glenbrough Properties LP
Grant Deed
related
—
Apr 7, 1998
$2,200
Glenborough Properties LP
Afp Partners
Grant Deed
related
—
—
—
Institutional Alliance Fun Amb
—
Deed Of Trust
related
$18,785,000 · Security Life Of Denver Ins Co
—
—
Institutional Alliance Fun Amb
—
Deed Of Trust
related
$18,785,000 · Security Life Of Denver Ins Co
—
—
Dydig LLC
—
Deed Of Trust
related
$3,280,000 · Heritage Bk
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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