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Property profile & analytics
OFF-MARKET
Estimated value
$3,525,000
Warehouses
405 Evans Black Dr, Tukwila, WA 98188-2912
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1292103
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,040 SF
Lot
0.92 ac (40,202 SF)
Zoning code
TUC-TOD
APN
022310-0036
UPID
US90-1292103
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
$3.64M
CAP Approach
CAP
$2.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.53M
Owner & transaction history
G Bones International LLC · 5 yrs held
G Bones International LLC
since 2021
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
TUC-TOD · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.7M
+20.1%
Office building
$5.7M
+19.6%
Medical building
$5.5M
+16.4%
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 Tukwila submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tukwila 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
$3,665,000
ML approach
$3,640,000
CAP Approach
CAP Return
Estimation
6%
$2,940,000
6.5%
$2,710,000
7%
$2,520,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,740,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,690,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$5,670,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$5,515,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±10% · vs last sale $3.40M (Apr 16 2021)
Last sale anchor
$3.40M
Apr 16 2021
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
$220 / 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
$32,929
Tax year 2022
Assessed value
$2,870,300
Assessed 2022
Previous assessed
$2,870,300
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,628,100
Assessed improvement
$1,242,200
Land market value
$1,628,100
Improvement market value
$1,242,200
Total market value
$2,870,300
Applied tax rate
2,421.0000
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
16,040 SF
Lot
0.92 ac (40,202 SF)
Zoning code
TUC-TOD
APN
022310-0036
UPID
US90-1292103
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-TOD · Tukwila, WA
Zoning TUC-TOD · permitted uses
TUC-TOD · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tukwila. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.5M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
G Bones International LLC
Entity
Mailing address
15600 NE 8TH ST STE B1, BELLEVUE, WA 98008-3958
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
Dave Hamilton
—
Deed
related
$2,721,939 · Washington Federal NA
Apr 16, 2021
$3,400,000
G Bones International LLC
Jerry L Ivy
Warranty Deed
$2,928,200 · Enterprise Bank & Trust
Aug 31, 2015
$2,095,000
Jerry L Ivy
Cs & Jh Leede LLC
Warranty Deed
—
Sep 24, 2007
—
C S & J H Leede LLC
Watts,sara D
Quit Claim Deed
related
—
Jan 8, 2007
—
C S & J H Leede LLC
Crockett,david G
Quit Claim Deed
related
—
Jan 3, 2007
—
Cs & Jh Leede LLC
Hearne,leonard B
Quit Claim Deed
related
—
Dec 5, 2006
—
Cordelia Crockett
Hearne Dorothy L Trust
Grant Deed
—
Nov 28, 2006
—
Virginia D Sanders
Doland Eleanore L Trust
Grant Deed
—
Nov 27, 2006
—
David G Crockett
Hearne Dorothy L Trust
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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