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Property profile & analytics
FOR LEASE
Distribution centers
420 S 96Th St Seattle, WA 98108
Entity Owned
32-yr Hold
~
Est. High Equity
Property ID
US90-1066985
For Lease
1 / 2
Contact for pricing
420 S 96Th St, Seattle, WA 98108
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Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
39,984 SF
Lot
5.26 ac (229,300 SF)
Zoning code
I
APN
322404-9071
UPID
US90-1066985
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
-
Middle Fork Roasters Warehouse & Storage
-
Buying Network Inc, The Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Seattle Sustainable Landscapes LLC Corporate Office
-
Aaire Particle Control Big Box & Wholesale Store
-
Imunika Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.41M
Owner & transaction history
Mara Gateway Assoc LP · 32 yrs held
Mara Gateway Assoc LP
since 1994
5 recorded transactions
Zoning & alternative use
I · Seattle, WA
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%
$7,325,000
6.5%
$6,760,000
7%
$6,280,000
Blend value · Realmo final
$6.41M
Range $5.76M – $7.05M · ±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
$160 / 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
$121,810
Tax year 2022
Assessed value
$10,291,800
Assessed 2022
Previous assessed
$10,291,800
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$5,732,500
Assessed improvement
$4,559,300
Land market value
$5,732,500
Improvement market value
$4,559,300
Total market value
$10,291,800
Applied tax rate
3,030.0000
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
For Lease
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
39,984 SF
Lot
5.26 ac (229,300 SF)
Zoning code
I
APN
322404-9071
UPID
US90-1066985
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I · Seattle, WAZoning I · permitted uses
I · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
5.26 ac
Current owner
From public records · entity-resolved
Mara Gateway Assoc LP
Entity
Mailing address
PO BOX 2708, PORTLAND, OR 97208-2708
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2010
—
Harsch Investment Props-ii LLC
—
Grant Deed
related
$18,000,000 · Metropolitan Life Insurance
Jan 30, 2003
—
Harsch Inv Properties II LLC
—
Deed Of Trust
related
$20,000,000 · Bank Of America
Jan 6, 1994
$9,050,000
Mara Gateway Assoc LP
Columbia Savings
Grant Deed
$6,335,000 · Liberty Service Corp
—
—
Investment Properties Harsch
—
Deed Of Trust
related
$25,000 · Metropolitan Life Insurance
—
—
Macarthur/broadway Center INC
—
Deed Of Trust
related
$3,375,000 · Sunamerica Life Insurance Co
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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