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Financial
Distress signals
Property profile

3900 Airport Way S Seattle, WA 98108

FOR SALE
Auto shops
Property ID
US90-1386557
2,820 SF 0.21 ac lot Built 1969
Last sale Sep 2004 · $191,700
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 2,820-square-foot warehouse situated on a 9,280-square-foot lot and includes a fully fenced yard intended for secure outdoor storage, fleet parking, or other operational uses. It is located close to Seattle with access to major transportation corridors and has frontage along Airport Way South. The zoning is listed as MML U/85, which permits a broad range of industrial and commercial activities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$6k
Tax billed · 2022
Assessed value$511k
Assessed land$510k
Assessed improvement$1k
Effective rate1.16%

Value estimate

· Oct 2026
$265k
$239k – $292k
NOI build-up
Gross scheduled income$40k
Vacancy & credit loss−$3k
Operating expenses−$5k
NOI · 2.58% cap applied$31k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$411/SF
Submarket average, outlier-cleaned · 121 recorded sales of this use type
Observed band · Q1–Q3$217 – $739
Qualifying comparables3

Cap rate analysis

How does the asset earn?
2.58%
$31k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IG2 U/85
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.1
Veterinary Clinic8.7
Laundry Service8.3

Location

3900 Airport Way S Seattle, WA 98108
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
515 96th, Seattle, WA 98108-4928 $6,000,000 Jul 2025 3,600 SF
5958 Corson S, Seattle, WA 98108-2610 $300,000 Feb 2025 3,472 SF
6714 Marginal S, Seattle, WA 98108-3405 $1,000,000 Nov 2023 2,847 SF
9510 14th S, Seattle, WA 98108-5065 $1,200,000 Feb 2022 1,024 SF
1024 Elmgrove, Seattle, WA 98108-4426 $3,850,000 Sep 2021 5,600 SF
500 Sullivan, Seattle, WA 98108 $1,191,310 Feb 2021 4,770 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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