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Property profile & analytics
OFF-MARKET
Estimated value
$72,825,000
Parking lots & garages
19220 28th S Ave Seatac, WA 98188-5121
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-1748195
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2019
Construction
CONCRETE
Total area
126,060 SF
Lot
1.56 ac (67,926 SF)
Zoning code
CB-C
APN
042204-9105
UPID
US90-1748195
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$72.83M
Owner & transaction history
Aag Real Property LLC · 8 yrs held
Aag Real Property LLC
since 2018
7 recorded transactions
Zoning & alternative use
CB-C · Seatac, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to provide the highest intensity commercial development within the urban center in the form of retail/personal services for a local service area which exceeds the needs of adjacent neighborhood or commercial areas, and to provide retail and personal service on a community oriented basis
Zone name
Community Business In Urban Center
General category
COMMERCIAL
Zone area
287.58 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$578 / 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
$2,433
Tax year 2022
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Bathrooms
1
Total area
126,060 SF
Lot
1.56 ac (67,926 SF)
Zoning code
CB-C
APN
042204-9105
UPID
US90-1748195
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB-C · Seatac, WAZoning CB-C · permitted uses
CB-C · 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 the highest intensity commercial development within the urban center in the form of retail/personal services for a local service area which exceeds the needs of adjacent neighborhood or commercial areas, and to provide retail and personal service on a community oriented basis
Zone name
Community Business In Urban Center
General category
COMMERCIAL
Zone area
287.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2019
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
5
Bathrooms
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Aag Real Property LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 68900, SEATTLE, WA 98168-0900
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2018
$31,959,925
Aag Real Property LLC
Tang,gordon C Y
Warranty Deed
—
Dec 15, 2016
$23,911,445
Gordon C Y Tang
B & J Of 2012 LLC
Grant Deed
$7,000,000 · Private Individual
Dec 15, 2016
—
B & J Of 2012 LLC
Sheen Trust 2010
Grant Deed
—
Dec 9, 2016
—
Sheen Trust 2010
Sheen Shing-yeen & J Trust
Quit Claim Deed
related
—
May 1, 2013
—
Sheen,shing-yeen & Jean Trust
Sheen,shing-yeen & Jean
Quit Claim Deed
related
—
Aug 10, 2012
—
Sheen Shing-yeen & Jean Trust
Sheen,shing-yeen & Jean
Quit Claim Deed
related
—
Sep 4, 2001
—
Sheen Trust
—
Deed Of Trust
related
$6,750,000 · Wells Fargo Bank Northwest NA
Dec 21, 1999
—
Sheen Trust
Sheen,shing Y & Chin Y
Quit Claim Deed
related
—
Sep 29, 1999
—
Shing Y Sheen
—
Deed Of Trust
related
$6,220,623 · City Bank
Jun 27, 1989
$1,650,000
Ching Sheen
Budget
Grant Deed
$1,699,500 · Key Bank Of Washington
—
—
Shing Y Sheen
—
Deed Of Trust
related
$950,000 · City Bank
—
—
Sheen Trust
—
Deed Of Trust
related
$404,860 · City Bank
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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