Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Distribution centers
811 192nd St Seatac, WA 98148-2207
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1727544
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,008 SF
Lot
12.79 ac (556,976 SF)
Zoning code
RBX
APN
052204-9002
UPID
US90-1727544
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
$1.67M
Owner & transaction history
State Of Washington · 4 yrs held
State Of Washington
since 2022
7 recorded transactions
Zoning & alternative use
RBX · Seatac, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to provide a higher intensity commercial zone providing areas for the compatible development of heavy commercial uses such as warehouse/distribution, light assembly and service commercial in tandem with people intensive commercial uses, such as office and related retail uses, It is a transitional zone between industrial areas and…
Zone name
Regional Business Mix
General category
MIXED_USE
Zone area
131.73 ac
Source
Realmo
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 Seatac submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seatac 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
$88 / 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
$539,050
Tax year 2022
Assessed value
$49,566,200
Assessed 2022
Previous assessed
$49,566,200
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$8,586,400
Assessed improvement
$40,979,800
Land market value
$8,586,400
Improvement market value
$40,979,800
Total market value
$49,566,200
Applied tax rate
2,231.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
19,008 SF
Lot
12.79 ac (556,976 SF)
Zoning code
RBX
APN
052204-9002
UPID
US90-1727544
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RBX · Seatac, WAZoning RBX · permitted uses
RBX · Seatac, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zone is to provide a higher intensity commercial zone providing areas for the compatible development of heavy commercial uses such as warehouse/distribution, light assembly and service commercial in tandem with people intensive commercial uses, such as office and related retail uses, It is a transitional zone between industrial areas and less intensive commercial, mixed use or residential zones, The regional business mix zone implements the Comprehensive Plan’s regional business mix land use designation
Zone name
Regional Business Mix
General category
MIXED_USE
Zone area
131.73 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
12.79 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2022
—
State Of Washington
Lba Ncc2 Company Ix LLC
Warranty Deed
—
Dec 28, 2018
$49,500,000
Lba Ncc2-company Ix LLC
Prologis Targeted Us Logistics
Trustees Deed
$24,000,000 · Miscellaneous Ins Co
Oct 17, 2003
—
Institutional Alliance Fun Amb
Iac Seattle LLC
Grant Deed
related
—
Dec 9, 1997
—
Iac Seattle LLC
—
Grant Deed
related
$12,161,096 · Key Bank NA
Jul 17, 1997
$3,460,000
Iac Seattle LLC
Mead,herbert T
Grant Deed
—
—
—
Lac Seattle LLC
—
Deed Of Trust
related
$16,000 · Lasalle National Bank
—
—
Amb Us Logistics Fund LP
—
Deed Of Trust
related
$13,396,423 · Prudential Insurance Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 811 192nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
