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Property profile & analytics
OFF-MARKET
Office buildings
631 Strander Blvd Tukwila, WA 98188-2940
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0164429
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,560 SF
Lot
5.68 ac (247,500 SF)
Zoning code
TUC-TOD
APN
022330-0020
UPID
US90-0164429
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Seaphx Ll LLC · 4 yrs held
Seaphx Ll LLC
since 2021
Last sale
$116.3M
7 recorded transactions
Zoning & alternative use
TUC-TOD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$255,294
Tax year 2022
Assessed value
$23,556,100
Assessed 2022
Previous assessed
$23,556,100
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$8,229,300
Assessed improvement
$15,326,800
Land market value
$8,229,300
Improvement market value
$15,326,800
Total market value
$23,556,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Buildings
6
Stories
1
Total area
10,560 SF
Lot
5.68 ac (247,500 SF)
Zoning code
TUC-TOD
APN
022330-0020
UPID
US90-0164429
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TUC-TOD · Tukwila, WA
Zoning 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
Tukwila. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
1
Buildings
6
Lot
5.68 ac
Current owner
From public records · entity-resolved
Seaphx Ll LLC
Entity
Mailing address
1701 QUAIL ST, NEWPORT BEACH, CA 92660-2728
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2021
$116,324,290
Seaphx Ll LLC
Bkm Tukwila 117 LLC
Bargain And Sale Deed
$192,750,000 · Canadian Imperial Bank Of Commerce
Jul 8, 2019
—
Bkm Tukwila 117 LLC
—
Deed
related
$53,000,000 · Bank Of America
Aug 8, 2016
$45,200,000
Bkm Tukwila 117 LLC
Icon Tukwila Owner Pool 2 LLC
Trustees Deed
$33,000,000 · Bank Of America
Mar 9, 2015
$52,866,066
Icon Tukwila Owner Pool 2 LLC
Cwwa Tukwila 1 LLC
Grant Deed
—
Sep 5, 2012
—
Cwwa Tukwila 1 LLC
—
Deed Of Trust
related
$943,800,000 · Citibank NA
Jun 8, 2007
$70,000,000
Walton Cwwa Tukwila 1 LLC
Calwest Industrial Holdings LLC
Bargain And Sale Deed
—
Nov 21, 2000
$37,482,500
Calwest Industrial Properties
Pacific Gulf Properties INC
Grant Deed
—
—
—
Bkm Tukwila 117 LLC
—
Loan Modification
related
$53,000,000 · Bank Of America
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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