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Property profile & analytics
OFF-MARKET
Estimated value
$4,665,000
Warehouses
3414 116th St, Tukwila, WA 98168-1983
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0088896
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,651 SF
Lot
1.72 ac (74,971 SF)
Zoning code
MIC/L
APN
102304-9012
UPID
US90-0088896
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
by Request
CAP Approach
CAP
$5.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.67M
Owner & transaction history
Flynn America LP · 2 yrs held
Flynn America LP
since 2024
7 recorded transactions
Zoning & alternative use
MIC/L · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,350,000
6.5%
$5,860,000
7%
$5,440,000
Blend value · Realmo final
$4.67M
Range $4.20M – $5.13M · ±10%
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
$135 / 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
$74,332
Tax year 2022
Assessed value
$6,733,900
Assessed 2022
Previous assessed
$6,733,900
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,249,100
Assessed improvement
$4,484,800
Land market value
$2,249,100
Improvement market value
$4,484,800
Total market value
$6,733,900
Applied tax rate
2,417.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
34,651 SF
Lot
1.72 ac (74,971 SF)
Zoning code
MIC/L
APN
102304-9012
UPID
US90-0088896
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MIC/L · Tukwila, WA
Zoning MIC/L · permitted uses
MIC/L · 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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.72 ac
Current owner
From public records · entity-resolved
Flynn America LP
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
—
Flynn America LP
Flynn Companies Real Estate Holding
Intrafamily Transfer
related
—
Dec 20, 2021
—
Flynn Companies Real Estate Holding
—
Deed
related
—
Jun 1, 2020
—
Flynn Companies R & E Oldings Ll
—
Deed
related
$8,784,000 · Bank Of America
Jul 23, 2019
—
Flynn Companies R & E Hldgs LLC
Sorrento Partners LLC
Warranty Deed
—
Apr 29, 2004
$2,350,000
Sorrento Partners LLC
Amc Family LLC
Grant Deed
$2,115,000 · Cnl Commercial Finance INC
Mar 22, 1994
$1,091,000
Bradley Investment Co
Ssi Properties I
Grant Deed
—
Oct 14, 1993
$781,085
Ssi Properties INC
Seagate Gateway
Grant Deed
$390,542 · Seller
Apr 1, 1993
$9,525,000
Gateway North Seagate
Bedford
Grant Deed
$6,667,500 · Company Misc
—
—
Flynn Companies R & E Oldings Ll
—
Deed Of Trust
related
$8,784,000 · Bank Of America
—
—
Sorrento Partners LLC
—
Deed Of Trust
related
$550,000 · Wells Fargo 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.
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