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Property profile & analytics
OFF-MARKET
Estimated value
$10,085,000
Distribution centers
2315 200th St Seattle, WA 98198
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0983041
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
79,050 SF
Lot
4.58 ac (199,353 SF)
Zoning code
RBX
APN
042204-9032
UPID
US90-0983041
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
$13.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.09M
Owner & transaction history
Pp Tango Wa LLC · 6 yrs held
Pp Tango Wa LLC
since 2019
7 recorded transactions
Zoning & alternative use
RBX · Seattle, WA
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%
$14,480,000
6.5%
$13,365,000
7%
$12,410,000
Blend value · Realmo final
$10.09M
Range $9.08M – $11.09M · ±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
$128 / 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
$176,382
Tax year 2022
Assessed value
$16,159,300
Assessed 2022
Previous assessed
$16,159,300
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$5,183,100
Assessed improvement
$10,976,200
Land market value
$5,183,100
Improvement market value
$10,976,200
Total market value
$16,159,300
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
79,050 SF
Lot
4.58 ac (199,353 SF)
Zoning code
RBX
APN
042204-9032
UPID
US90-0983041
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RBX · Seattle, WAZoning RBX · permitted uses
RBX · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
4.58 ac
Current owner
From public records · entity-resolved
Pp Tango Wa LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2019
$16,043,000
Pp Tango Wa LLC
Realty Associates Fund X LP
Trustees Deed
$450,000,000 · Miscellaneous Ins Co
May 8, 2015
$8,000,000
Realty Associates Fund X LP
Lit Industrial LP
Grant Deed
—
Dec 5, 2014
—
Lit Industrial LP
—
Loan Modification
related
$43,800,000 · Miscellaneous Ins Co
Sep 15, 2010
—
Lit Industrial LP
—
Deed Of Trust
related
$48,906,000 · Allstate Life Insurance Co
Apr 7, 2005
$5,510,000
Lit Industrial
Calwest Indl Holdings LLC
Grant Deed
—
Nov 22, 1993
—
Pacific Gulf Properties INC
Santa Anita Real
Grant Deed
related
—
Nov 18, 1993
—
Santa Anita Realty Enterprises
Saresam Ventures
Grant Deed
related
—
Oct 18, 1990
$5,501,000
Saresam Ventures
Liberty
Grant Deed
—
—
—
Lit Industrial LP
—
Loan Modification
related
$43,800,000 · 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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