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Property profile & analytics
OFF-MARKET
Estimated value
$21,405,000
Warehouses
6000 129th St, Seattle, WA 98178
Entity Owned
~
Est. High Equity
Property ID
US90-1986790
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
114,166 SF
Lot
1.51 ac (65,741 SF)
Zoning code
NBP
APN
217200-0648
UPID
US90-1986790
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
$15.42M
Comparable Approach
Comparable
$28.08M
Blend (final)
Blend
$21.41M
Owner & transaction history
5890 South 129th Street LLC
5890 South 129th Street LLC
since 2026
Last sale
$21.4M
7 recorded transactions
Zoning & alternative use
NBP · Seattle, 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 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
$20,770,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,700,000
6.5%
$15,420,000
7%
$14,315,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$33,725,000
Current use
Blend value · Realmo final
$21.41M
Range $19.26M – $23.55M · ±10% · vs last sale $21.38M (Jan 9 2020)
Last sale anchor
$21.38M
Jan 9 2020
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
$187 / 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
$207,988
Tax year 2022
Assessed value
$19,825,600
Assessed 2022
Previous assessed
$19,825,600
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,449,500
Assessed improvement
$18,376,100
Land market value
$1,449,500
Improvement market value
$18,376,100
Total market value
$19,825,600
Applied tax rate
4,205.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
SPACE
Stories
3
Total area
114,166 SF
Lot
1.51 ac (65,741 SF)
Zoning code
NBP
APN
217200-0648
UPID
US90-1986790
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NBP · Seattle, WA
Zoning NBP · permitted uses
NBP · 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
WAREHOUSE, STORAGE Current
Est. value
$33.7M
WAREHOUSE, STORAGE 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
2019
Construction
STEEL FRAME
Heating
SPACE
Stories
3
Lot
1.51 ac
Current owner
From public records · entity-resolved
5890 South 129th Street LLC
Entity
Mailing address
PO BOX 2034, SANTA MONICA, CA 90406-2034
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2026
—
5890 South 129th Street LLC
—
Deed
related
—
Apr 2, 2026
$12,187,500
5890 South 129th Street LLC
5890 S 129th LLC
Bargain & Sale Deed
related
—
May 17, 2023
—
5890 S 129th LLC
—
Deed
related
$142,000,000 · The Northwest Mutual Life Insurance
Jan 9, 2020
$21,379,798
5890 129th LLC
12805 Mlk Sp LLC
Grant Deed
—
Aug 1, 2019
—
King Cnty
12805 Mlk Sp LLC
Quit Claim Deed
related
—
Jan 19, 2018
—
12805 Mlk Sp LLC
—
Grant Deed
related
$9,950,000 · Comerica Bk
Oct 6, 2017
$1,150,000
12805 Mlk Sp LLC
Forman,sandra
Warranty Deed
—
Aug 9, 2012
—
Sandra Forman
Forman Dave
Quit Claim Deed
related
—
Aug 4, 2006
$1,075,000
Dave Forman
Knudson,gerald C
Warranty Deed
$1,108,000 · Cascade Bank
Mar 28, 2003
$200,000
Gerald C Knudson
Sunco Recoveries Ltd
Grant Deed
—
—
—
Sandra Forman
—
Deed Of Trust
related
$1,332,500 · Key Bank & Trust
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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