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Property profile & analytics
OFF-MARKET
Estimated value
$10,280,000
Warehouses
1900 15th W Ave, Seattle, WA 98119-2721
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1611911
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
94,470 SF
Lot
1.06 ac (46,200 SF)
Zoning code
IB U/45
APN
277160-4950
UPID
US90-1611911
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
-
Williams Flower & Gift - Queen Anne Florist (Bike/Boat/Book/etc) Store Florist
-
Penske Truck Rental Car Rental Facility
-
Magnolia Bridge Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.28M
Owner & transaction history
Magnolia Brg Self Storage Inv · 8 yrs held
Magnolia Brg Self Storage Inv
since 2017
7 recorded transactions
Zoning & alternative use
IB U/45 · Seattle, 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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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%
$13,820,000
6.5%
$12,760,000
7%
$11,845,000
Blend value · Realmo final
$10.28M
Range $9.25M – $11.31M · ±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
$109 / 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
$164,861
Tax year 2022
Assessed value
$19,232,300
Assessed 2022
Previous assessed
$19,232,300
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$4,620,000
Assessed improvement
$14,612,300
Land market value
$4,620,000
Improvement market value
$14,612,300
Total market value
$19,232,300
Applied tax rate
10.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
3
Total area
94,470 SF
Lot
1.06 ac (46,200 SF)
Zoning code
IB U/45
APN
277160-4950
UPID
US90-1611911
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IB U/45 · Seattle, WA
Zoning IB U/45 · permitted uses
IB U/45 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
3
Buildings
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Magnolia Brg Self Storage Inv
Individual
Mailing address
918 S HORTON ST STE #1000, SEATTLE, WA 98134-1955
Ownership since
2017
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
Oct 2, 2017
—
Automobile Brokers Corp
—
Deed
related
$8,000,000 · Miscellaneous Ins Co
Sep 25, 2017
—
Magnolia Brg Self Storage Inv
Jasen,rosli M
Quit Claim Deed
related
—
Nov 24, 2008
$12,220,700
Automobile Brokers Corp
Silesky,jeffrey M
Warranty Deed
—
Dec 31, 2007
—
Automobile Brokers Corp
Magnolia Bridge Self Storage LLC
Quit Claim Deed
related
$9,000,000 · Wells Fargo Bank NA
May 31, 2007
$5,500,000
Bridge Self Storage L Magnolia
R-d Family LLC
Warranty Deed
—
Feb 15, 2002
—
R-d Family LLC
New LLC
Quit Claim Deed
related
—
Dec 22, 1997
—
Magnolia Bride Selr Storate
—
Grant Deed
related
$65,000 · Interwest Bank
—
—
Jeffrey M Silesky
—
Deed Of Trust
related
$4,000,000 · Rosli M Jasen
—
—
Magnolia Bridge Self Storage
—
Deed Of Trust
related
$3,500,000 · Pacific Northwest Bank
—
—
Automobile Brokers Corp
—
Deed Of Trust
related
$8,000,000 · 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.
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