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Property profile & analytics
OFF-MARKET
Estimated value
$5,795,000
Warehouses
480 Andover E Park Tukwila, WA 98188-7606
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-0601339
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,935 SF
Lot
1.39 ac (60,750 SF)
Zoning code
TUC-WP
APN
262304-9093
UPID
US90-0601339
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
by Request
CAP Approach
CAP
$7.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.80M
Owner & transaction history
480 Andover Park East LLC · 13 yrs held
480 Andover Park East LLC
since 2013
5 recorded transactions
Zoning & alternative use
TUC-WP · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The large southern portion of the plan area will continue to provide a wide range of distribution, warehousing, light industrial, big box retail, and furniture outlets, with incremental infill by office and other complementary commercial uses
Zone name
Tukwila Urban Center Workplace
General category
INDUSTRIAL
Zone area
267.45 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,230,000
6.5%
$7,600,000
7%
$7,055,000
Blend value · Realmo final
$5.80M
Range $5.22M – $6.37M · ±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
$129 / 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
$86,968
Tax year 2022
Assessed value
$8,136,700
Assessed 2022
Previous assessed
$8,136,700
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,551,500
Assessed improvement
$5,585,200
Land market value
$2,551,500
Improvement market value
$5,585,200
Total market value
$8,136,700
Applied tax rate
2,426.0000
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
44,935 SF
Lot
1.39 ac (60,750 SF)
Zoning code
TUC-WP
APN
262304-9093
UPID
US90-0601339
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-WP · Tukwila, WAZoning TUC-WP · permitted uses
TUC-WP · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The large southern portion of the plan area will continue to provide a wide range of distribution, warehousing, light industrial, big box retail, and furniture outlets, with incremental infill by office and other complementary commercial uses
Zone name
Tukwila Urban Center Workplace
General category
INDUSTRIAL
Zone area
267.45 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
480 Andover Park East LLC
Entity
Free & Clear · 13 yrs held
Mailing address
900 SW 16TH ST STE #100, RENTON, WA 98057-2631
Ownership since
2013
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
Jan 4, 2017
—
480 Andover Park East LLC
—
Deed
related
$4,000,000 · Us Bank NA
May 17, 2013
—
480 Andover Park East LLC
Banasky,howard V
Quit Claim Deed
related
—
Jun 18, 2012
$3,100,000
Howard V Banasky
Rwv Properties
Warranty Deed
$2,325,000 · Us Bank NA
Jun 29, 1990
$1,760,000
Rwv Properties
A And H Company
Grant Deed
$1,355,200 · Company Misc
—
—
Rwv Properties
—
Deed Of Trust
related
$1,350,000 · Business Men's Assurance 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.
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