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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Warehouses
3839 Stone N Way, Seattle, WA 98103-8005
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1724514
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,440 SF
Lot
0.28 ac (12,334 SF)
Zoning code
NC2-75 (M1)
APN
803370-0050
UPID
US90-1724514
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
-
Seattle Christmas Tree Christmas Tree Farm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$760k
Owner & transaction history
Northlake Stone Way LLC · 2 yrs held
Northlake Stone Way LLC
since 2023
7 recorded transactions
Zoning & alternative use
NC2-75 (M1) · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$118 / 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
$42,404
Tax year 2022
Assessed value
$4,934,600
Assessed 2022
Previous assessed
$4,934,600
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$4,933,600
Assessed improvement
$1,000
Land market value
$4,933,600
Improvement market value
$1,000
Total market value
$4,934,600
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
2
Stories
1
Total area
6,440 SF
Lot
0.28 ac (12,334 SF)
Zoning code
NC2-75 (M1)
APN
803370-0050
UPID
US90-1724514
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-75 (M1) · Seattle, WA
Zoning NC2-75 (M1) · permitted uses
NC2-75 (M1) · 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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Buildings
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Northlake Stone Way LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1900 S NORFOLK ST STE #150, SAN MATEO, CA 94403-1161
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
—
Northlake Stone Way LLC
3831 Stone Way Apartments LLC
Warranty Deed
—
Feb 7, 2022
$7,800,000
3831 Stone Way Apartments LLC
Union View Associates LLC
Bargain And Sale Deed
—
Jan 2, 2019
—
Union View Associates LLC
—
Loan Modification
related
$3,000,000 · Jack Alhadeff
Dec 31, 2018
—
Union View Associates LLC
—
Grant Deed
related
$3,000,000 · Ncn Lending LLC
Apr 5, 2002
$500,000
Union View Associates LLC
Doc Freemans INC
Grant Deed
$930,000 · Preferred Funding
—
—
Union View Associates LLC
—
Deed Of Trust
related
—
—
—
Union View Associates LLC
—
Deed Of Trust
related
$2,307,500 · Viking Bank
—
—
Doc Freemans INC
—
Deed Of Trust
related
$254,013 · Peter L
—
—
Doc Freemans INC
—
Deed Of Trust
related
$20,000 · Sea Dog Corp
—
—
Doc Freemans INC
—
Deed Of Trust
related
$20,000 · Teleflex Marine INC
—
—
Union View Associates LLC
—
Deed Of Trust
related
$980,000 · Viking Bank
—
—
Doc Freemans INC
—
Deed Of Trust
related
$5,000 · Weissenfels USA INC
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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