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Property profile & analytics
FOR LEASE
Warehouses
19111 Des Moines Memorial Dr F Seatac, WA 98148
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-1055030
For Lease
1 / 2
$15,350,000
19111 Des Moines Memorial Dr,Unit F, Seatac, WA 98148
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
74,095 SF
Lot
3.82 ac (166,366 SF)
Zoning code
I
APN
322304-9302
UPID
US90-1055030
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
$12.53M
Comparable Approach
Comparable
$15.89M
Blend (final)
Blend
$15.35M
Owner & transaction history
Bkm Olympic Industrial Park LLC
Bkm Olympic Industrial Park LLC
since 2025
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
I · Seatac, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.5M
+16.4%
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%
$13,575,000
6.5%
$12,530,000
7%
$11,635,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,890,000
Current use
MEDICAL BUILDING
$25,480,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$15.35M
Range $13.82M – $16.89M · ±10% · vs last sale $16.49M (May 1 2025)
Last sale anchor
$16.49M
May 1 2025
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
$207 / 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
$125,749
Tax year 2022
Assessed value
$11,262,800
Assessed 2022
Previous assessed
$11,262,800
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,329,100
Assessed improvement
$8,933,700
Land market value
$2,329,100
Improvement market value
$8,933,700
Total market value
$11,262,800
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 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
For Lease
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
74,095 SF
Lot
3.82 ac (166,366 SF)
Zoning code
I
APN
322304-9302
UPID
US90-1055030
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$21.9M
MEDICAL BUILDING
Est. value
$25.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
3.82 ac
Current owner
From public records · entity-resolved
Bkm Olympic Industrial Park LLC
Entity
Mailing address
12886 INTERURBAN AVE S, TUKWILA, WA 98168-3318
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2025
$16,492,000
Bkm Olympic Industrial Park LLC
Seattle Olympic Park LLC
Bargain & Sale Deed
$12,500,000 · First Citizens Bank & Trust Co
Aug 6, 2019
—
Seattle Olympic Park LLC
—
Deed
related
$6,500,000 · Wells Fargo Bank NA
Jun 6, 2018
—
Seattle Olympic Park LLC
Stearns Family Living Trust
Grant Deed
related
—
Mar 21, 2018
$12,905,350
Stearns Family Living Trust
Olympic Industrial Park LLC
Grant Deed
—
Jan 12, 2015
$6,395,897
Olympic Industrial Park LLC
Gary D Graber
Special Warranty Deed
$6,425,000 · M & T Bank
—
—
Seattle Olympic Park LLC
—
Deed Of Trust
related
$6,500,000 · Wells Fargo Bk
—
—
Gary N Graber
—
Deed Of Trust
related
$1,555,000 · Bank Of America
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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