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Property profile & analytics
OFF-MARKET
Estimated value
$41,255,000
Manufacturing properties
5400 Marginal SW Way, Seattle, WA 98106-1517
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1344105
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
CONCRETE
Total area
141,125 SF
Lot
24.74 ac (1,077,529 SF)
Zoning code
IG1 U/85
APN
192404-9003
UPID
US90-1344105
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
-
Lady Bug Espresso Take-out & Catering Cafe & Coffee Shop
-
Argo Blower & Manufacturing Co Inc Metal Fabrication Plant Factory
-
Lafarge North America Building Supply Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$41.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$51.89M
Blend (final)
Blend
$41.26M
Owner & transaction history
Lafarge Pnw INC · 2 yrs held
Lafarge Pnw INC
since 2024
Last sale
$41.3M
2 recorded transactions
Zoning & alternative use
IG1 U/85 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$58.1M
+45.6%
Retail stores
$56.6M
+41.9%
Apartment house (5+ units)
$50.1M
+25.5%
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
$41,255,000
ML approach
$41,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$39,870,000
Current use
AUTO REPAIR, GARAGE
$58,060,000
Change: +46% · Conversion: Easy
RETAIL STORES
$56,590,000
Change: +42% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$50,050,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$49,870,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$48,525,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$41.26M
Range $37.13M – $45.38M · ±10% · vs last sale $41.26M (Feb 7 2024)
Last sale anchor
$41.26M
Feb 7 2024
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
$292 / 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
$400,857
Tax year 2022
Assessed value
$32,971,100
Assessed 2022
Previous assessed
$32,971,100
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$27,738,100
Assessed improvement
$5,233,000
Land market value
$27,738,100
Improvement market value
$5,233,000
Total market value
$32,971,100
Applied tax rate
10.0000
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
1968
Construction
CONCRETE
Heating
NONE
Buildings
14
Stories
3
Total area
141,125 SF
Lot
24.74 ac (1,077,529 SF)
Zoning code
IG1 U/85
APN
192404-9003
UPID
US90-1344105
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG1 U/85 · Seattle, WA
Zoning IG1 U/85 · permitted uses
IG1 U/85 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$39.9M
AUTO REPAIR, GARAGE
Est. value
$58.1M
RETAIL STORES
Est. value
$56.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$50.1M
OFFICE BUILDING
Est. value
$49.9M
MEDICAL BUILDING
Est. value
$48.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1968
Construction
CONCRETE
Heating
NONE
Stories
3
Buildings
14
Lot
24.74 ac
Current owner
From public records · entity-resolved
Lafarge Pnw INC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
—
Lafarge Pnw INC
Holcim Canada Holdings LLC
Quit Claim Deed
related
—
Oct 16, 1998
$41,255,057
Lafarge Corp
Holman INC
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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