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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Office buildings
2800 192nd St Seatac, WA 98188-5100
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0162521
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
WOOD
Total area
36,724 SF
Lot
0.98 ac (42,824 SF)
Zoning code
CB-C
APN
332304-9146
UPID
US90-0162521
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
$4.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
S & S Broadway INC · 6 yrs held
S & S Broadway INC
since 2020
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
CB-C · 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
$4,025,000
ML approach
$4,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±10% · vs last sale $4.00M (Mar 31 2020)
Last sale anchor
$4.00M
Mar 31 2020
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
$109 / 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
$43,356
Tax year 2022
Assessed value
$3,946,700
Assessed 2022
Previous assessed
$3,946,700
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,398,100
Assessed improvement
$1,548,600
Land market value
$2,398,100
Improvement market value
$1,548,600
Total market value
$3,946,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
36,724 SF
Lot
0.98 ac (42,824 SF)
Zoning code
CB-C
APN
332304-9146
UPID
US90-0162521
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB-C · Seatac, WA
Zoning CB-C · permitted uses
CB-C · 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
1991
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
S & S Broadway INC
Entity
Mailing address
6424 HAZELWOOD LN SE, BELLEVUE, WA 98006
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2020
$4,000,000
S & S Broadway INC
Sea-tac Commercial LLC
Warranty Deed
related
—
Feb 1, 2017
—
Sea-tac Commercial LLC
—
Deed
related
$900,000 · Lakeside Industries INC
Oct 13, 2016
—
Sea Tac Commercial LLC
—
Deed
related
$2,737,500 · Coastal Community Bank
Aug 1, 2008
—
Sea-tac Commercial LLC
—
Deed Of Trust
related
$6,000,000 · Frontier Bank
Jan 5, 2005
$4,786,250
Sea-tac Commercial LLC
Airport Place LLC
Warranty Deed
—
Oct 1, 2001
$3,710,750
Aiport Place LLC
Airport Place Builing LLC
Grant Deed
—
Apr 17, 2000
$41,370
Seatac City (wa)
Airport Place Building LLC
Grant Deed
—
Aug 4, 1998
—
Airport Place Building LLC
Miller,michael A
Grant Deed
$2,100,000 · Amresco Capital Corp
Feb 1, 1995
$2,811,500
Michael A Miller
Foreman Mccracken Roush Ptshp
Grant Deed
$1,682,075 · Seller
—
—
Sea-tac Commercial LLC
—
Deed Of Trust
related
$3,570,000 · Frontier Bank
—
—
Sea-tac Commercial LLC
—
Deed Of Trust
related
$750,000 · Lakeside Industries INC
—
—
Sea-tac Commercial LLC
—
Deed Of Trust
related
$900,000 · Lakeside Industries INC
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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