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Property profile & analytics
OFF-MARKET
Estimated value
$47,855,000
Outlet malls
300 Northgate Way Seattle, WA 98125-6047
Individually Owned
22-yr Hold
Free & Clear
Property ID
US90-3243625
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2000
Construction
STEEL FRAME
Total area
288,283 SF
Lot
3.94 ac (171,772 SF)
Zoning code
NC3-75 (M)
APN
292604-9109
UPID
US90-3243625
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
-
Tian Fu Seattle Restaurant
-
Pizza Hut Express Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.86M
Owner & transaction history
Inland Western Seattle Northga · 22 yrs held
Inland Western Seattle Northga
since 2004
7 recorded transactions
Zoning & alternative use
NC3-75 (M) · Seattle, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$166 / 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
$513,166
Tax year 2022
Assessed value
$59,221,300
Assessed 2022
Previous assessed
$59,221,300
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$24,048,000
Assessed improvement
$35,173,300
Land market value
$24,048,000
Improvement market value
$35,173,300
Total market value
$59,221,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
2
Stories
5
Total area
288,283 SF
Lot
3.94 ac (171,772 SF)
Zoning code
NC3-75 (M)
APN
292604-9109
UPID
US90-3243625
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Zoning NC3-75 (M) · permitted uses
NC3-75 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
CENTRAL
Stories
5
Buildings
2
Lot
3.94 ac
Current owner
From public records · entity-resolved
Inland Western Seattle Northga
Individual
Free & Clear · 22 yrs held
Mailing address
PO BOX 9273, OAK BROOK, IL 60522-9273
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2008
—
Inland Western Seattle Northga
—
Deed Of Trust
related
$28,650,000 · Allstate Life Insurance Co
Jul 2, 2004
$48,460
Inland Western Seattle Northga
Touchstone Seattle Venture
Grant Deed
—
Aug 26, 1999
$2,568,500
Orix Touchstone Seattle Ventur
National Industrial Developmen
Trustees Deed
—
Aug 26, 1999
—
Oriux Touchstone Seattle Ventu
—
Grant Deed
related
$46,952,219 · Orix Real Estates Equties INC
Apr 20, 1994
—
Northgate I Real Estate Corp
Northgate Mall P
Quit Claim Deed
related
—
—
—
Inland Wstn Seattle Northgate
—
Deed Of Trust
related
$27,500,000 · Ing Life Ins & Annunity Co
—
—
Western Seattle North Indland
—
Deed Of Trust
related
$26,650,000 · Allstate Life Insurance Co
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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