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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Parking lots & garages
19908 27th S Ave Seatac, WA 98188
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-1492195
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1966
Total area
1,500 SF
Lot
0.2 ac (8,679 SF)
Zoning code
RBX
APN
042204-9238
UPID
US90-1492195
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
$865k
Owner & transaction history
Puget Sound Energy INC · 17 yrs held
Puget Sound Energy INC
since 2008
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$577 / 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
$423
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
1966
Heating
BASEBOARD
Stories
1
Bathrooms
2
Total area
1,500 SF
Lot
0.2 ac (8,679 SF)
Zoning code
RBX
APN
042204-9238
UPID
US90-1492195
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
1966
Heating
BASEBOARD
Stories
1
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Puget Sound Energy INC
Entity
Mailing address
401 S JACKSON ST, SEATTLE, WA 98104-2826
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2008
—
Puget Sound Energy INC
Sithar,janet R
Grant Deed
related
—
Jan 22, 2004
—
Janet R Sithar
Sithar,jeronimo B
Quit Claim Deed
related
$184,500 · Accredited Home Lenders
Feb 23, 2000
$2,197
Seatac City (wa)
Sithar,jeronimo B & Janet R
Grant Deed
related
—
—
—
Jeronimo B Sithar
—
Deed Of Trust
related
$45,700 · Equicredit Mortgage Loan Co
—
—
Jeronimo B Sithar
—
Deed Of Trust
related
$28,900 · Money Store Washington INC
—
—
Jeronimo B Sithar
—
Deed Of Trust
related
$148,500 · Full Spectrum Lending INC
—
—
Jeronimo B Sithar
—
Deed Of Trust
related
$131,250 · Qualfund Lending
—
—
Jeronimo B Sithar
—
Deed Of Trust
related
$136,000 · America's Wholesale Lender
—
—
Jeronimo B Sithar
—
Deed Of Trust
related
$26,250 · Qualfund Lending
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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