7005 132nd SE Pl Newcastle, WA 98059-3153
Individually Owned
16-yr Hold
~
Est. High Equity
Estimated value (blended)
$8.08M
Range $7.27M – $8.89M (±10%)
Property ID
US90-0687579
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,134 SF
Lot
1.71 ac (74,488 SF)
Zoning code
DC
APN
272405-9084
UPID
US90-0687579
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
-
(Bike/Boat/Book/etc) Store
-
Party Supply Store (Bike/Boat/Book/etc) Store
-
Big Box & Wholesale Store
-
Hat Shop
-
(Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.96M
Comparable Approach
Comparable
$8.97M
Blend (final)
Blend
$8.08M
Owner & transaction history
since 2010
Last sale
$8.2M
4 recorded transactions
Zoning & alternative use
DC · Newcastle, WA
Zoning description
Front yard setbacks are not required within the downtown transition (DT) and downtown core (DC) zones. Design requirements regarding the use of the front yard setback, found within the CBC design guidelines (Chapter 18.2…
General category
COMMERCIAL
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 3 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.08M
Value range
$7.27M – $8.89M
±10% around blend
Estimated value / SF
$196 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
30
$7.27M
blend $8.08M
$8.89M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
41,134 SF
Lot area
1.71 ac
Year built
1989
Stories
1
APN
272405-9084
Assessed value
$6,332,900
Annual tax
$59,711
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.96M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.54M
@ 6.5% CAP return
$6.96M
@ 7% CAP return
$6.46M
4
Sales comparison
Partial preview
Sales approach indication
$12.11M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.0 mi away · 38,959 SF
17.4 mi away · 50,900 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 209 sales
$295
-34%
County 375 sales
$287
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $196/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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 · 3 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$8.20M
Move the market yield to see immediate price impact.
Value / SF
$199
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%
$517k
$10.33M
$7.38M
$5.74M
$574k
$11.48M
$8.20M
$6.38M
$631k
$12.63M
$9.02M
$7.02M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$9.40M
8.3 mi · Mar 2026 · $305/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$59,711
Tax year 2022
Assessed value
$6,332,900
Assessed 2022
Previous assessed
$6,332,900
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$2,011,100
Assessed improvement
$4,321,800
Land market value
$2,011,100
Improvement market value
$4,321,800
Total market value
$6,332,900
Applied tax rate
1,872.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
41,134 SF
Lot
1.71 ac (74,488 SF)
Zoning code
DC
APN
272405-9084
UPID
US90-0687579
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · Newcastle, WAZoning DC · permitted uses
DC · Newcastle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Front yard setbacks are not required within the downtown transition (DT) and downtown core (DC) zones. Design requirements regarding the use of the front yard setback, found within the CBC design guidelines (Chapter 18.2…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.71 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
DC
COMMERCIAL
Jurisdiction
Newcastle, WA
Recorded code
DC
Official district
DC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DC in Newcastle, 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.
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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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