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Property profile & analytics
FOR LEASE
Distribution centers
270 Hanford St Seattle, WA 98134
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0206216
No photos on file
For Lease
$7,700/Mo
270 Hanford St, Seattle, WA 98134
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
92,792 SF
Lot
2.56 ac (111,513 SF)
Zoning code
IG1 U/85
APN
766620-5408
UPID
US90-0206216
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
Current use
Occupant on record · Public records
-
M & H Produce Agricultural Supply Food Market
-
General Transport Trucking Company
-
Age Management Therapy Clinic Corporate Office
-
Bang Muay Thai Washington Training Center Sports School
-
Dawsco Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.74M
Owner & transaction history
Bel Tempo LLC · 4 yrs held
Bel Tempo LLC
since 2022
Last sale
$16.8M
7 recorded transactions
Zoning & alternative use
IG1 U/85 · 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
$13,650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,000,000
6.5%
$15,690,000
7%
$14,570,000
Blend value · Realmo final
$15.74M
Range $14.16M – $17.31M · ±10% · vs last sale $16.80M (Apr 14 2022)
Last sale anchor
$16.80M
Apr 14 2022
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
$170 / 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
$157,168
Tax year 2022
Assessed value
$16,770,400
Assessed 2022
Previous assessed
$16,770,400
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$8,363,400
Assessed improvement
$8,407,000
Land market value
$8,363,400
Improvement market value
$8,407,000
Total market value
$16,770,400
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
For Lease
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
2
Total area
92,792 SF
Lot
2.56 ac (111,513 SF)
Zoning code
IG1 U/85
APN
766620-5408
UPID
US90-0206216
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
Building & site characteristics
From public records
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
2
Lot
2.56 ac
Current owner
From public records · entity-resolved
Bel Tempo LLC
Entity
Mailing address
230 78TH PL NE STE #101, MEDINA, WA 98039
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
—
Bel Tempo LLC
14575 Innovation Drive Limited Part
Quit Claim Deed
related
—
Apr 13, 2022
$5,533,020
Bel Tempo LLC
Predation LLC
Quit Claim Deed
related
—
Apr 11, 2022
—
Predation LLC
14575 Innovation Drive LP
Quit Claim Deed
related
—
Jul 13, 2020
—
Innovation Drive Limited
—
Deed
related
$8,000,000 · Wells Fargo National Bank West
Jun 17, 2020
—
Donald R Ayres
Shirley Ayres
Quit Claim Deed
related
—
Jun 17, 2020
$16,800,000
14575 Innovation Drive LP
Levelment LLC
Warranty Deed
—
Jun 5, 2020
—
Hullin Transfer Building LP
Predation LLC
Quit Claim Deed
related
—
Dec 30, 2019
—
Predation LLC
Hullin Transfer Builing LP
Quit Claim Deed
related
—
Nov 8, 2019
—
Levelment LLC
Hullin Transfer Bldg Ltd Partn
Quit Claim Deed
related
—
Nov 21, 2001
$6,000,000
Hullin Transfer Building LP
Hanford Street Associates
Grant Deed
$3,750,000 · Northwest International Bank
Aug 31, 1995
—
Charles W Viele
Blauert,paul F & Sandra F
Quit Claim Deed
related
—
Oct 31, 1988
$2,925,000
Hanford St Warehouse Corp
Hullin Transfer
Grant Deed
$2,398,500 · Rainier National Bank
—
—
Hullin Transfer Building
—
Deed Of Trust
related
$650,000 · Regal Financial Bank
—
—
Hullin Transfer Building
—
Deed Of Trust
related
$500,000 · Northwest Business Bank
—
—
Hullin Transfer Building
—
Deed Of Trust
related
$2,500,000 · Regal Financial 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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