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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Manufacturing properties
6901 Marginal SW Way, Seattle, WA 98106-3908
Individually Owned
11-yr Hold
Free & Clear
Property ID
US90-1210591
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Construction
CONCRETE
Total area
6,000 SF
Lot
0.65 ac (28,113 SF)
Zoning code
IG2 U/85
APN
302404-9169
UPID
US90-1210591
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
-
Seattle Shipworks, LLC (Bike/Boat/Book/etc) Store
-
J&S Heating & Air Conditioning HVAC Service General Contractor
-
NEW DIRECTION URBAN FARM Industrial Manufacturer Production Facility
-
North Point Seafood Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$605k
Owner & transaction history
Yong F Wu · 11 yrs held
Yong F Wu
since 2014
7 recorded transactions
Zoning & alternative use
IG2 U/85 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$101 / 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
$19,014
Tax year 2022
Assessed value
$1,793,100
Assessed 2022
Previous assessed
$1,793,100
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$584,000
Assessed improvement
$1,209,100
Land market value
$584,000
Improvement market value
$1,209,100
Total market value
$1,793,100
Applied tax rate
10.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
CENTRAL
Buildings
2
Stories
1
Total area
6,000 SF
Lot
0.65 ac (28,113 SF)
Zoning code
IG2 U/85
APN
302404-9169
UPID
US90-1210591
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG2 U/85 · Seattle, WA
Zoning IG2 U/85 · permitted uses
IG2 U/85 · 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.
Building & site characteristics
From public records
Year built
1983
Construction
CONCRETE
Heating
CENTRAL
Stories
1
Buildings
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Yong F Wu
Individual
Free & Clear · 11 yrs held
Mailing address
10621 RENTON AVE S, SEATTLE, WA 98178-2456
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
—
Hong Zeng Yan
—
Deed
related
$600,000 · Yan Hong Zeng
Sep 23, 2019
—
Yong F Wu
—
Deed
related
$400,000 · Xiaohong Wang
Jul 1, 2019
—
Yong F Wu
—
Deed
related
$300,000 · Yanhong Zeng
Nov 26, 2014
—
Yong F Wu
Wu,qi X
Quit Claim Deed
related
—
Nov 24, 2014
$1,250,000
Yong F Wu
6901 LLC
Grant Deed
—
Dec 20, 2007
$1,350,000
6901 LLC
Verizion Wireless
Grant Deed
$1,312,500 · Columbia State Bank
—
—
6901 LLC
—
Deed Of Trust
related
$1,350,000 · Columbia State Bank
—
—
Yong F Wu
—
Deed Of Trust
related
$400,000 · Xiaohong Wang
—
—
Yong F Wu
—
Deed Of Trust
related
$300,000 · Yanhong Zeng
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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