Entity Owned
No photos on file
For Sale
$15,000,000
5950 Southcenter Blvd, Seattle, WA 98188
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
WOOD
Total area
75,000 SF
Lot
1 ac (43,412 SF)
Zoning code
RCM
APN
359700-0202
UPID
US90-0969197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Storage Facility
-
Car Rental Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2026
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
RCM · Tukwila, WA
Zoning description
18.20.050) Chapter 18.22 NEIGHBORHOOD COMMERCIAL CENTER (NCC) DISTRICT (§ 18.22.010 - § 18.22.060) Chapter 18.24 REGIONAL COMMERCIAL (RC) DISTRICT (§ 18.24.010 - § 18.24.060) Chapter 18.26 REGIONAL COMMERCIAL MIXED-USE (…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
75,000 SF
Lot area
1 ac
Year built
2002
Stories
5
APN
359700-0202
Zoning
RCM
Assessed value
$9,508,100
Annual tax
$101,618
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$16.46M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.4 mi away · 72,500 SF
8.1 mi away · 65,725 SF
15.0 mi away · 61,000 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 209 sales
$295
-26%
County 375 sales
$287
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $219/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.39M
Move the market yield to see immediate price impact.
Value / SF
$32
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$151k
$3.01M
$2.15M
$1.67M
$167k
$3.35M
$2.39M
$1.86M
$184k
$3.68M
$2.63M
$2.04M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$19.00M
1.4 mi · Apr 2026 · $208/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$101,618
Tax year 2022
Assessed value
$9,508,100
Assessed 2022
Previous assessed
$9,508,100
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$859,500
Assessed improvement
$8,648,600
Land market value
$859,500
Improvement market value
$8,648,600
Total market value
$9,508,100
Applied tax rate
2,408.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
2002
Construction
WOOD
Heating
SPACE
Stories
5
Total area
75,000 SF
Lot
1 ac (43,412 SF)
Zoning code
RCM
APN
359700-0202
UPID
US90-0969197
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RCM · Tukwila, WAZoning RCM · permitted uses
RCM · Tukwila, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
18.20.050) Chapter 18.22 NEIGHBORHOOD COMMERCIAL CENTER (NCC) DISTRICT (§ 18.22.010 - § 18.22.060) Chapter 18.24 REGIONAL COMMERCIAL (RC) DISTRICT (§ 18.24.010 - § 18.24.060) Chapter 18.26 REGIONAL COMMERCIAL MIXED-USE (…
General category
MIXED_USE
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
SPACE
Stories
5
Lot
1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
RCM
MIXED_USE
Jurisdiction
Tukwila, WA
Recorded code
RCM
Official district
RCM
Official district profile
What the municipal code says about RCM
Zoning description
18.20.050) Chapter 18.22 NEIGHBORHOOD COMMERCIAL CENTER (NCC) DISTRICT (§ 18.22.010 - § 18.22.060) Chapter 18.24 REGIONAL COMMERCIAL (RC) DISTRICT (§ 18.24.010 - § 18.24.060) Chapter 18.26 REGIONAL COMMERCIAL MIXED-USE (…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RCM in Tukwila, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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