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Property profile & analytics
OFF-MARKET
Estimated value
$29,185,000
Manufacturing properties
495 Andover E Park, Tukwila, WA 98188-7605
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-0704410
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
158,224 SF
Lot
5.86 ac (255,413 SF)
Zoning code
TUC-WP
APN
262304-9094
UPID
US90-0704410
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
$22.04M
Comparable Approach
Comparable
$30.27M
Blend (final)
Blend
$29.19M
Owner & transaction history
Oe 495 Andover Park E LLC · 4 yrs held
Oe 495 Andover Park E LLC
since 2021
Last sale
$28.1M
6 recorded transactions
Zoning & alternative use
TUC-WP · Tukwila, 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 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
$30,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,870,000
6.5%
$22,035,000
7%
$20,460,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$44,700,000
Current use
Blend value · Realmo final
$29.19M
Range $26.27M – $32.10M · ±10% · vs last sale $28.10M (Nov 17 2021)
Last sale anchor
$28.10M
Nov 17 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
$184 / 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
$161,031
Tax year 2022
Assessed value
$14,375,600
Assessed 2022
Previous assessed
$14,375,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$10,216,500
Assessed improvement
$4,159,100
Land market value
$10,216,500
Improvement market value
$4,159,100
Total market value
$14,375,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
158,224 SF
Lot
5.86 ac (255,413 SF)
Zoning code
TUC-WP
APN
262304-9094
UPID
US90-0704410
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-WP · Tukwila, WA
Zoning 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
Tukwila. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$44.7M
INDUSTRIAL (GENERAL) Current
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
5.86 ac
Current owner
From public records · entity-resolved
Oe 495 Andover Park E LLC
Entity
Free & Clear · 4 yrs held
Mailing address
250 VESEY ST FL, NEW YORK, NY 10281-1052
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
—
Oe 495 Andover Park E LLC
—
Deed
related
$60,000,000 · Wells Fargo Bank NA
Apr 1, 2022
—
Oe 495 Andover Park E LLC
—
Deed
related
$154,000,000 · Us Bank NA
Nov 17, 2021
$28,100,000
Oe 495 Andover Park E LLC
Highland Park Properties LLC
Bargain And Sale Deed
—
May 22, 1998
—
Highland Properties LLC
Eiler,walter & Mary P
Quit Claim Deed
related
—
Mar 10, 1998
—
Highland Park Properties LLC
Behn,william
Quit Claim Deed
related
$1,375,000 · Us Bank
Feb 8, 1996
—
Francisco Alvarez
Acosta,patricia J
Quit Claim Deed
related
—
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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