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Property profile & analytics
OFF-MARKET
Estimated value
$3,885,000
Parking lots & garages
751 Marion St Seattle, WA 98104-4300
Individually Owned
14-yr Hold
Free & Clear
Property ID
US90-1947216
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2012
Construction
CONCRETE
Total area
110,255 SF
Lot
0.65 ac (28,320 SF)
Zoning code
NC3-200 (M)
APN
859040-0435
UPID
US90-1947216
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
$3.89M
Owner & transaction history
Owner Name Unavailable · 14 yrs held
Owner Name Unavailable
since 2011
7 recorded transactions
Zoning & alternative use
NC3-200 (M) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$35 / 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
$151,362
Tax year 2022
Assessed value
$17,984,200
Assessed 2022
Previous assessed
$17,984,200
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$17,983,200
Assessed improvement
$1,000
Land market value
$17,983,200
Improvement market value
$1,000
Total market value
$17,984,200
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2012
Construction
CONCRETE
Heating
NONE
Stories
5
Total area
110,255 SF
Lot
0.65 ac (28,320 SF)
Zoning code
NC3-200 (M)
APN
859040-0435
UPID
US90-1947216
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-200 (M) · Seattle, WA
Zoning NC3-200 (M) · permitted uses
NC3-200 (M) · 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
2012
Construction
CONCRETE
Heating
NONE
Stories
5
Lot
0.65 ac
Current owner
From public records · entity-resolved
Owner Name Unavailable
Individual
Free & Clear · 14 yrs held
Mailing address
PO BOX 22608, SEATTLE, WA 98122-0608
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2017
—
Thrifty 2 LLC
—
Loan Modification
related
$5,000,000 · Columbia St Bk
Sep 30, 2011
—
Thrifty 2 LLC
—
Deed Of Trust
related
$5,000,000 · Columbia State Bank
Aug 9, 2011
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
—
Jun 14, 2011
—
Thrifty 2 LLC
Phillips,kenneth M SR
Warranty Deed
—
Mar 10, 2008
—
John A Phillips
Phillips,kenneth M SR
Quit Claim Deed
related
—
Dec 28, 2006
—
Kenneth M Phillips JR.
Phillips,kenneth M SR
Quit Claim Deed
related
—
Dec 30, 2005
—
Molly M Potts
Phillips,kenneth M SR
Quit Claim Deed
related
—
Dec 23, 2004
—
John A Phillips
Phillips,kenneth M SR
Quit Claim Deed
related
—
Jan 6, 2004
—
Kenneth M Phillips
Phillips,kenneth M
Quit Claim Deed
related
—
Jan 29, 2003
—
Molly M Potts
Phillips,kenneth M
Quit Claim Deed
related
—
Jan 9, 2001
—
John A Phillips
Phillips,kenneth M
Quit Claim Deed
related
—
Jul 1, 1999
$3,300,000
Kenneth M Phillips
Petrich,john A
Grant Deed
$3,000,000 · Western Fsb
Jan 7, 1998
—
John A Petrich
Morck,elsie
Grant Deed
related
—
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.
Try Rey
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