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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Warehouses
3825 Marginal SW Way, Seattle, WA 98106
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1041508
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,556 SF
Lot
0.17 ac (7,300 SF)
Zoning code
IB U/85
APN
766670-3885
UPID
US90-1041508
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
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$1.19M
Owner & transaction history
Mrb & Mrb LLC · 6 yrs held
Mrb & Mrb LLC
since 2020
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
IB U/85 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+71.3%
Auto repair, garage
$1.1M
+39.3%
Retail stores
$1.0M
+35.7%
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
$1,165,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$755,000
Current use
COMMERCIAL (GENERAL)
$1,295,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,050,000
Change: +39% · Conversion: Easy
RETAIL STORES
$1,025,000
Change: +36% · Conversion: Moderate
OFFICE BUILDING
$905,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$880,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.20M (Jan 9 2020)
Last sale anchor
$1.20M
Jan 9 2020
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
$464 / 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
$5,999
Tax year 2022
Assessed value
$567,400
Assessed 2022
Previous assessed
$567,400
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$292,000
Assessed improvement
$275,400
Land market value
$292,000
Improvement market value
$275,400
Total market value
$567,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CEILING FURNACE
Stories
1
Total area
2,556 SF
Lot
0.17 ac (7,300 SF)
Zoning code
IB U/85
APN
766670-3885
UPID
US90-1041508
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IB U/85 · Seattle, WA
Zoning IB U/85 · permitted uses
IB 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$905,000
MEDICAL BUILDING
Est. value
$880,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CEILING FURNACE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Mrb & Mrb LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3835 W MARGINAL WAY SW, SEATTLE, WA 98106-1116
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
—
West Marginal LLC
—
Deed
related
$2,000,000 · First Sound Bank
Jan 9, 2020
$900,000
Mrb & Mrb LLC
Mrb & Mrb LLC
Warranty Deed
related
—
Mar 30, 2007
$1,200,000
Mrb & Mrb LLC
Anderson Ross Trust
Warranty Deed
$600,000 · Frontier Bank
Jun 10, 1994
$170,000
Ross Anderson
Fraser,richard H
Grant Deed
—
Jul 19, 1989
$70,000
Richard H Fraser
Wu,shiao-yen&sta
Grant Deed
$60,200 · Seller
Apr 7, 1988
$29,000
Thomas Pratt
Weeren
Grant Deed
—
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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