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Property profile & analytics
OFF-MARKET
Estimated value
$15,485,000
Warehouses
6700 Riverside Dr Seattle, WA 98188-4748
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1135139
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
67,457 SF
Lot
3.37 ac (146,768 SF)
Zoning code
C/LI
APN
788890-0164
UPID
US90-1135139
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
-
Bucky Wholesale Big Box & Wholesale Store
-
Seattle Gift Outlet Discount Store Clothing & Fashion Store
-
RSVP International Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.41M
Comparable Approach
Comparable
$19.03M
Blend (final)
Blend
$15.49M
Owner & transaction history
A1 Riverside LLC · 1 yrs held
A1 Riverside LLC
since 2025
Last sale
$15.8M
7 recorded transactions
Zoning & alternative use
C/LI · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Municipal Code
Top alternative use upside
Apartment house (5+ units)
$23.9M
+20.1%
Office building
$23.8M
+19.6%
Medical building
$23.2M
+16.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,355,000
6.5%
$11,405,000
7%
$10,590,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$19,925,000
Current use
APARTMENT HOUSE (5+ UNITS)
$23,925,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$23,840,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$23,195,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$15.49M
Range $13.94M – $17.03M · ±10% · vs last sale $15.75M (Nov 21 2024)
Last sale anchor
$15.75M
Nov 21 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
$230 / 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
$120,090
Tax year 2022
Assessed value
$10,904,600
Assessed 2022
Previous assessed
$10,904,600
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$2,179,500
Assessed improvement
$8,725,100
Land market value
$2,179,500
Improvement market value
$8,725,100
Total market value
$10,904,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
67,457 SF
Lot
3.37 ac (146,768 SF)
Zoning code
C/LI
APN
788890-0164
UPID
US90-1135139
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C/LI · Seattle, WAZoning C/LI · permitted uses
C/LI · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$19.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$23.9M
OFFICE BUILDING
Est. value
$23.8M
MEDICAL BUILDING
Est. value
$23.2M
WAREHOUSE, STORAGE Current
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
3.37 ac
Current owner
From public records · entity-resolved
A1 Riverside LLC
Entity
Mailing address
PO BOX 58410, SEATTLE, WA 98138-1410
Ownership since
2025
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
Feb 21, 2025
$15,750,000
A1 Riverside LLC
Thomkat Investments LLC
Bargain & Sale Deed
$12,600,000 · Washington Trust Bank
Jul 31, 2018
—
Thomkat Investments LLC
—
Deed
related
$8,755,000 · First Citizens Bank And Trust Co INC
Aug 29, 2011
$4,240,000
Thomkat Investments LLC
Green Riverside LLC
Warranty Deed
—
Jun 5, 2008
—
Green Riverside LLC
Edward,j Michael
Quit Claim Deed
related
—
May 4, 2000
$4,230,000
J M Edwards
Black Development Corp
Grant Deed
—
Oct 30, 1989
$557,170
Thompson Tile Company
Corporate Proper
Grant Deed
—
—
—
Green Riverside LLC
—
Deed Of Trust
related
$225,000 · Whidbey Island Bank
—
—
J M Edwards
—
Deed Of Trust
related
$1,200,000 · Stancorp Mortgage Investors
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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