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Property profile & analytics
OFF-MARKET
Estimated value
$21,195,000
Warehouses
3480 Marginal SW Way, Seattle, WA 98106-1009
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0341094
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
157,515 SF
Lot
5.02 ac (218,500 SF)
Zoning code
IG1 U/85
APN
766670-5088
UPID
US90-0341094
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
-
Chloé Wine LLC Brewery & Distillery Big Box & Wholesale Store
-
Pacific Terminals Ltd Shipping Company Freight Service
-
Puget Sound Freight Lines Trucking Company
-
Pacific Direct Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.20M
Owner & transaction history
Centerpoint Marginal LLC · 11 yrs held
Centerpoint Marginal LLC
since 2014
7 recorded transactions
Zoning & alternative use
IG1 U/85 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$28,855,000
6.5%
$26,635,000
7%
$24,735,000
Blend value · Realmo final
$21.20M
Range $19.08M – $23.31M · ±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
$264,067
Tax year 2022
Assessed value
$27,498,300
Assessed 2022
Previous assessed
$27,498,300
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$7,647,500
Assessed improvement
$19,850,800
Land market value
$7,647,500
Improvement market value
$19,850,800
Total market value
$27,498,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
157,515 SF
Lot
5.02 ac (218,500 SF)
Zoning code
IG1 U/85
APN
766670-5088
UPID
US90-0341094
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG1 U/85 · Seattle, WA
Zoning 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
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
Centerpoint Marginal LLC
Entity
Mailing address
1808 SWIFT DR, OAK BROOK, IL 60523-1573
Ownership since
2014
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
Nov 12, 2014
$16,400,000
Centerpoint Marginal LLC
First Indl LP
Grant Deed
—
Jun 30, 2010
$5,880,550
Industrial LP First
Puget Sound Terminals INC
Warranty Deed
—
Dec 30, 2008
—
Puget Sound Terminals INC
—
Deed Of Trust
related
$3,000,000 · Thomas E & Sharon B Lovejoy
Sep 22, 2008
$10,200,000
Indl First
Puget Sound Terminals INC
Warranty Deed
—
May 19, 2000
$3,280,330
Puget Sound Terminals INC
West Waterway Properties INC
Grant Deed
—
—
—
Puget Sound Terminals INC
—
Deed Of Trust
related
$3,350,000 · Allstate Life Insurance Co
—
—
Puget Sound Terminals INC
—
Deed Of Trust
related
$1,000,000 · Thomas E & Sharon B Lovejoy
—
—
Puget Sound Terminals INC
—
Deed Of Trust
related
$1,000,000 · Calista LLC
—
—
Puget Sound Terminals LLC
—
Deed Of Trust
related
$875,000 · Thomas E & Sharon B Lovejoy
—
—
Puget Sound Terminals INC
—
Deed Of Trust
related
$1,000,000 · Calista LLC
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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