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Property profile & analytics
OFF-MARKET
Estimated value
$5,115,000
Distribution centers
3635 Thorndyke W Ave Seattle, WA 98119-1640
Entity Owned
18-yr Hold
Free & Clear
Property ID
US90-1356287
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1948
Construction
WOOD
Total area
47,626 SF
Lot
2.08 ac (90,494 SF)
Zoning code
IG2 U/45
APN
277110-1760
UPID
US90-1356287
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
-
Washington Packaging Supply Co Big Box & Wholesale Store
-
Moss Green Inc (Bike/Boat/Book/etc) Store Printing Service
-
Washington Procurement Supply Medical Supply Store
-
Saucy Impressions Factory Production Facility
-
Spectrum Building Services Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.12M
Owner & transaction history
Thorndyke Avenue LLC · 18 yrs held
Thorndyke Avenue LLC
since 2008
3 recorded transactions
Zoning & alternative use
IG2 U/45 · 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
$107 / 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
$83,186
Tax year 2022
Assessed value
$8,145,400
Assessed 2022
Previous assessed
$8,145,400
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$8,144,400
Assessed improvement
$1,000
Land market value
$8,144,400
Improvement market value
$1,000
Total market value
$8,145,400
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
1948
Construction
WOOD
Heating
NONE
Stories
1
Total area
47,626 SF
Lot
2.08 ac (90,494 SF)
Zoning code
IG2 U/45
APN
277110-1760
UPID
US90-1356287
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG2 U/45 · Seattle, WA
Zoning IG2 U/45 · permitted uses
IG2 U/45 · 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
1948
Construction
WOOD
Heating
NONE
Stories
1
Lot
2.08 ac
Current owner
From public records · entity-resolved
Thorndyke Avenue LLC
Entity
Free & Clear · 18 yrs held
Mailing address
3615 15TH AVE W, SEATTLE, WA 98119-1303
Ownership since
2008
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
Feb 14, 2008
—
Thorndyke Avenue LLC
Read Products INC
Warranty Deed
—
Jan 4, 1989
$1,100,000
Read Products INC
Sciola,nick&patr
Grant Deed
$495,000 · Rainier National Bank
Dec 27, 1988
$975,000
Nick Sciola
Huts
Grant Deed
$975,000
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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