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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Office buildings
2901 128th St Tukwila, WA 98168-3064
Entity Owned
~
Est. High Equity
Property ID
US90-2993375
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
WOOD
Total area
9,470 SF
Lot
0.75 ac (32,748 SF)
Zoning code
O
APN
162304-9398
UPID
US90-2993375
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$1.18M
Owner & transaction history
2901 128th St LLC
2901 128th St LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
O · Tukwila, 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 Tukwila submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tukwila 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
$1,135,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.23M (Sep 11 2023)
Last sale anchor
$1.23M
Sep 11 2023
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
$124 / 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
$18,910
Tax year 2022
Assessed value
$1,659,700
Assessed 2022
Previous assessed
$1,659,700
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$294,700
Assessed improvement
$1,365,000
Land market value
$294,700
Improvement market value
$1,365,000
Total market value
$1,659,700
Applied tax rate
2,422.0000
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
1978
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
9,470 SF
Lot
0.75 ac (32,748 SF)
Zoning code
O
APN
162304-9398
UPID
US90-2993375
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O · Tukwila, WA
Zoning O · permitted uses
O · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tukwila. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
2901 128th St LLC
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
2901 128th St LLC
Lema Woldegiorgis
Quitclaim Deed
related
—
Sep 11, 2023
$400,000
Lema Woldegiorgis
Eastern Transportation INC
Quit Claim Deed
related
—
Sep 8, 2023
—
Eastern Transportation INC
2901 128th St LLC
Quit Claim Deed
related
—
Nov 6, 2019
—
2901 128th St LLC
—
Deed
related
$776,714 · Coastal Cmnty Bk
Sep 11, 2019
—
2901 128th St LLC
—
Deed
related
$2,000,000 · Coastal Community Bank
Sep 27, 2018
—
2901 128th St LLC
Mger LLC
Quit Claim Deed
related
—
Aug 19, 2015
$1,225,000
Mger LLC
2901 South 128th Street LLC
Warranty Deed
$980,000 · Keybank USA
Jul 25, 2008
$1,050,000
2901 S 128th Street LLC
South Seattle Financial Center
Grant Deed
related
$1,035,000 · Pinnacle West Funding Grp Ltd
Sep 25, 2003
—
South Seattle Financial Center
Greenhalgh,adam
Quit Claim Deed
related
—
Sep 10, 1998
$400,000
Adam Greenhalgh
Kim,hyun O & Yun S
Grant Deed
$400,000 · Seattle Funding Group Ltd
Jan 23, 1996
$300,000
Hyun O Kim
Tanaka,noriko
Grant Deed
$150,000 · Seller
Dec 15, 1989
$565,000
Noriko Tanaka
Hyldahl,douglas
Grant Deed
—
Jan 11, 1989
$350,000
Douglas R Saa Hyldahl
U S
Grant Deed
$301,000 · Individual
—
—
2901 128th St LLC
—
Deed Of Trust
related
$776,714 · Coastal Cmnty Bk
—
—
South Seattle Finl Ctr LLC
—
Deed Of Trust
related
$15,060 · David Nold
—
—
Adam Greenhalgh
—
Deed Of Trust
related
$20,000 · Individual
—
—
Adam Greenhalgh
—
Deed Of Trust
related
$50,000 · Mary
—
—
2901 S 128th Street LLC
—
Deed Of Trust
related
$1,050,000 · Washington Business Bank
—
—
Adam Greenhalgh
—
Deed Of Trust
related
$60,000 · Individual
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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