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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Parking lots & garages
2612 208th St, Seatac, WA 98198-4305
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-2053415
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2011
Construction
STEEL FRAME
Total area
96 SF
Lot
3.66 ac (159,601 SF)
Zoning code
RBX
APN
344500-0230
UPID
US90-2053415
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
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Midway Sewer District · 5 yrs held
Midway Sewer District
since 2021
Last sale
$803,150
5 recorded transactions
Zoning & alternative use
RBX · Seatac, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$865,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $803k (Jun 10 2021)
Last sale anchor
$803k
Jun 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
$8,594 / 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
$49,250
Tax year 2022
Assessed value
$4,158,100
Assessed 2022
Previous assessed
$4,158,100
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$4,149,600
Assessed improvement
$8,500
Land market value
$4,149,600
Improvement market value
$8,500
Total market value
$4,158,100
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
2011
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
96 SF
Lot
3.66 ac (159,601 SF)
Zoning code
RBX
APN
344500-0230
UPID
US90-2053415
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RBX · Seatac, WA
Zoning RBX · permitted uses
RBX · 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.
Building & site characteristics
From public records
Year built
2011
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
1
Lot
3.66 ac
Current owner
From public records · entity-resolved
Midway Sewer District
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 356, MAPLE VALLEY, WA 98038-0356
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2021
—
Midway Sewer District
Depatment Of Transportation
Quit Claim Deed
related
—
Sep 7, 2010
—
Aeroparking LLC
—
Trustees Deed
related
$3,100,000 · Neeser Construction INC
Feb 7, 2007
$803,150
State Of Wa Dept/transportation
Woodsco LLC
Warranty Deed
—
Dec 19, 2000
—
Woodsco LLC
Woods,everett R & Pamela J
Quit Claim Deed
related
—
Feb 10, 1989
$59,950
Douglas R Kraft
Wadhwani,jaqdish
Grant Deed
$27,916 · Boeticher & Wadhwani
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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