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Property profile & analytics
OFF-MARKET
Estimated value
$13,595,000
Distribution centers
551 Strander Blvd Tukwila, WA 98188-2920
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0046660
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
81,215 SF
Lot
7.66 ac (333,597 SF)
Zoning code
TUC-TOD
APN
022330-0010
UPID
US90-0046660
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
$13.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.60M
Owner & transaction history
Bre Jupiter B East Wa Owner LLC · 2 yrs held
Bre Jupiter B East Wa Owner LLC
since 2024
7 recorded transactions
Zoning & alternative use
TUC-TOD · Tukwila, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The area extending from the bus transit center on Andover Park West eastward towards the Sounder commuter rail or Amtrak station is intended to provide a more compact and vibrant mix of housing, office, lodging and supportive retail and service uses
Zone name
Tukwila Urban Center Transit Oriented Development
General category
COMMERCIAL
Zone area
181.89 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%
$14,880,000
6.5%
$13,735,000
7%
$12,750,000
Blend value · Realmo final
$13.60M
Range $12.24M – $14.95M · ±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
$167 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$311,959
Tax year 2024
Assessed value
$26,506,700
Assessed 2023
Previous assessed
$26,506,700
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$11,092,100
Assessed improvement
$15,414,600
Land market value
$11,092,100
Improvement market value
$15,414,600
Total market value
$26,506,700
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
81,215 SF
Lot
7.66 ac (333,597 SF)
Zoning code
TUC-TOD
APN
022330-0010
UPID
US90-0046660
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-TOD · Tukwila, WAZoning 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
Zoning description
The area extending from the bus transit center on Andover Park West eastward towards the Sounder commuter rail or Amtrak station is intended to provide a more compact and vibrant mix of housing, office, lodging and supportive retail and service uses
Zone name
Tukwila Urban Center Transit Oriented Development
General category
COMMERCIAL
Zone area
181.89 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
7.66 ac
Current owner
From public records · entity-resolved
Bre Jupiter B East Wa Owner LLC
Entity
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
—
Bre Jupiter B East Wa Owner LLC
—
Deed
related
$470,000,000 · Wells Fargo Bank NA
Mar 13, 2024
—
Bre Jupiter B East Wa Owner LLC
Western B Northwest Wa LLC
Warranty Deed
$4,700,000 · Wells Fargo Bank NA
Oct 2, 2019
—
Western B Northwest Wa LLC
—
Deed
related
—
Nov 16, 2015
—
Western B Northwest Wa LLC
Iit Andover Dc LLC
Special Warranty Deed
—
Mar 29, 2013
$12,050,000
Iit Andover Dc LLC
Realty Associates Fund Vii LP
Grant Deed
—
May 30, 2007
—
Realty Associates Fund Vii
—
Deed Of Trust
related
$541,993,251 · Prudential Insurance Co
Mar 15, 2006
$9,737,115
Realty Associates Fund Vii
Darrow,donald F
Warranty Deed
—
Jan 10, 2000
—
First Hawaiian Bank Trustee
—
Deed Of Trust
related
$2,000,000 · Fortis Benefits Insurance Co
Mar 3, 1997
—
Donald F Darrow Estate
—
Deed Of Trust
related
$1,534,087 · Bank Of America Fsb
—
—
Iit Andover Dc LLC
—
Deed Of Trust
related
$85,000,000 · Teachers Insurance & Annuity
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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