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Property profile & analytics
OFF-MARKET
Estimated value
$10,260,000
Distribution centers
25 Hanford St Seattle, WA 98134-1807
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-3066588
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,381 SF
Lot
1.06 ac (45,978 SF)
Zoning code
IG1 U/85
APN
766620-7610
UPID
US90-3066588
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
$9.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.10M
Blend (final)
Blend
$10.26M
Owner & transaction history
Nicola South Hanford LP · 4 yrs held
Nicola South Hanford LP
since 2021
Last sale
$10.3M
6 recorded transactions
Zoning & alternative use
IG1 U/85 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Municipal Code
Top alternative use upside
Restaurant
$17.0M
+79.9%
Commercial (general)
$16.4M
+73.5%
Auto repair, garage
$13.3M
+41.0%
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
$10,285,000
ML approach
$9,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,445,000
Current use
RESTAURANT
$16,995,000
Change: +80% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,385,000
Change: +73% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,320,000
Change: +41% · Conversion: Easy
RETAIL STORES
$12,985,000
Change: +37% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$11,485,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$11,445,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$11,135,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$10.26M
Range $9.23M – $11.29M · ±10% · vs last sale $10.33M (Sep 10 2021)
Last sale anchor
$10.33M
Sep 10 2021
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
$317 / 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
$66,769
Tax year 2022
Assessed value
$7,155,600
Assessed 2022
Previous assessed
$7,155,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$3,218,400
Assessed improvement
$3,937,200
Land market value
$3,218,400
Improvement market value
$3,937,200
Total market value
$7,155,600
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
32,381 SF
Lot
1.06 ac (45,978 SF)
Zoning code
IG1 U/85
APN
766620-7610
UPID
US90-3066588
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG1 U/85 · Seattle, WAZoning IG1 U/85 · permitted uses
IG1 U/85 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.4M
RESTAURANT
Est. value
$17.0M
COMMERCIAL (GENERAL)
Est. value
$16.4M
AUTO REPAIR, GARAGE
Est. value
$13.3M
RETAIL STORES
Est. value
$13.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.5M
OFFICE BUILDING
Est. value
$11.4M
MEDICAL BUILDING
Est. value
$11.1M
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Nicola South Hanford LP
Entity
Free & Clear · 4 yrs held
Mailing address
12886 INTERURBAN AVE S, TUKWILA, WA 98168-3318
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2021
$10,325,000
Nicola South Hanford LP
Terreno Hanford LLC
Warranty Deed
—
Apr 21, 2017
$5,940,000
Terreno Hanford LLC
Park East Building INC
Warranty Deed
—
Aug 21, 2008
$4,100,000
Park East Building INC
Sebco INC
Warranty Deed
$3,075,000 · Us Bank NA
Aug 20, 2004
$2,175,000
Sebco INC
Weaver Family LLC
Warranty Deed
—
Jul 25, 2002
—
Weaver Family LLC
W K T W
Quit Claim Deed
related
—
—
—
W K T W
—
Deed Of Trust
related
$750,000 · Key Bank NA
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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