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Property profile & analytics
OFF-MARKET
Estimated value
$7,035,000
Distribution centers
3420 Marginal S Way Seattle, WA 98134-1132
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1377828
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
48,864 SF
Lot
1.48 ac (64,272 SF)
Zoning code
IG1 U/85
APN
766620-7580
UPID
US90-1377828
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
-
Herzog-Buckridge (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.74M
CAP Approach
CAP
$8.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.04M
Owner & transaction history
Marginal Holdings LLC · 3 yrs held
Marginal Holdings LLC
since 2023
Last sale
$7.1M
3 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
$7,135,000
ML approach
$6,740,000
CAP Approach
CAP Return
Estimation
6%
$8,950,000
6.5%
$8,265,000
7%
$7,675,000
Blend value · Realmo final
$7.04M
Range $6.33M – $7.74M · ±10% · vs last sale $7.13M (Jan 24 2023)
Last sale anchor
$7.13M
Jan 24 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
$144 / 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
$79,311
Tax year 2022
Assessed value
$8,276,200
Assessed 2022
Previous assessed
$8,276,200
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$4,499,000
Assessed improvement
$3,777,200
Land market value
$4,499,000
Improvement market value
$3,777,200
Total market value
$8,276,200
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
Off-Market
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
48,864 SF
Lot
1.48 ac (64,272 SF)
Zoning code
IG1 U/85
APN
766620-7580
UPID
US90-1377828
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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Marginal Holdings LLC
Entity
Mailing address
3222 S EDMUNDS ST, SEATTLE, WA 98118-1726
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2023
$7,133,871
Marginal Holdings LLC
Buffalo Investment Company INC
Warranty Deed
$5,840,000 · First Interstate Bank
Aug 2, 2019
—
Buffalo Investment Co INC
—
Deed
related
$1,000,000 · Joyce Benezra
—
—
Buffalo Investment Co INC
—
Deed Of Trust
related
$1,000,000 · Joyce Benezra
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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