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Property profile & analytics
OFF-MARKET
Estimated value
$19,775,000
Distribution centers
815 96th St Seattle, WA 98108-4934
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1964175
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
127,520 SF
Lot
4.82 ac (210,027 SF)
Zoning code
I
APN
562420-0270
UPID
US90-1964175
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
-
Food Lifeline Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.78M
Owner & transaction history
Food Lifeline · 9 yrs held
Food Lifeline
since 2017
7 recorded transactions
Zoning & alternative use
I · Seattle, WA
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%
$23,360,000
6.5%
$21,565,000
7%
$20,025,000
Blend value · Realmo final
$19.78M
Range $17.80M – $21.75M · ±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
$155 / 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
$27,842
Tax year 2022
Assessed value
$32,828,900
Assessed 2022
Previous assessed
$32,828,900
+0.0% YoY
Effective rate
0.08%
On assessed value
Assessed land
$4,988,100
Assessed improvement
$27,840,800
Land market value
$4,988,100
Improvement market value
$27,840,800
Total market value
$32,828,900
Applied tax rate
3,030.0000
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
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
127,520 SF
Lot
4.82 ac (210,027 SF)
Zoning code
I
APN
562420-0270
UPID
US90-1964175
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I · Seattle, WAZoning I · permitted uses
I · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Building & site characteristics
From public records
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
4.82 ac
Current owner
From public records · entity-resolved
Food Lifeline
Individual
Mailing address
9600 8TH AVE S, SEATTLE, WA 98108-4924
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2021
—
Food Lifeline
—
Deed
related
$983,920 · Washington State Department Of Commerce
Apr 4, 2018
—
Food Lifeline
—
Deed
related
$1,212,500 · Miscellaneous Govt Agcy
Aug 3, 2017
—
Food Lifeline
—
Deed
related
$17,650,000 · Us Bank NA
May 18, 2017
$25,640,000
Food Lifeline
9600 8th Avenue S Distribution
Grant Deed
$18,140,000 · Us Bk
Sep 12, 2013
$4,200,000
9600 8th Avenue S Distribution Inve
9369 8th Avenue South LLC
Warranty Deed
$10,265,000 · Jpmorgan Chase Bank NA
Feb 28, 2005
$4,000,000
9369 8th Avenue South LLC
8th South Investors LLC
Grant Deed
$2,237,003 · Viking Bank
Oct 8, 2004
—
8th South Investors LLC
Cole & Horgan
Quit Claim Deed
related
—
—
—
9369 8th Avenue South LLC
—
Deed Of Trust
related
$1,500,000 · Rural Housing & Community Dev
—
—
9600 8th Avenue S Distribution
—
Loan Modification
related
$11,700,742 · Jp Morgan Chase Bk
—
—
Food Lifeline
—
Deed Of Trust
related
$1,212,500 · Miscellaneous Govt Agcy
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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