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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Distribution centers
850 Poplar S Pl Seattle, WA 98144-2828
Entity Owned
22-yr Hold
Free & Clear
Property ID
US90-2452356
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Construction
STEEL FRAME
Total area
18,000 SF
Lot
0.22 ac (9,570 SF)
Zoning code
IC-65 (M)
APN
713430-0575
UPID
US90-2452356
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
-
KDL Hardware Supply Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.73M
Owner & transaction history
Snyder Property LLC · 22 yrs held
Snyder Property LLC
since 2003
6 recorded transactions
Zoning & alternative use
IC-65 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes mixed uses, intended to promote development of businesses which incorporate a mix of industrial and commercial activities, including light manufacturing and research and development, while accommodating a wide range of other employment activities. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Industrial Commercial Mandatory Housing Affordability
General category
MIXED_USE
Zone area
128.77 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 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
$96 / 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
$15,345
Tax year 2022
Assessed value
$1,665,900
Assessed 2022
Previous assessed
$1,665,900
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,339,800
Assessed improvement
$326,100
Land market value
$1,339,800
Improvement market value
$326,100
Total market value
$1,665,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
18,000 SF
Lot
0.22 ac (9,570 SF)
Zoning code
IC-65 (M)
APN
713430-0575
UPID
US90-2452356
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IC-65 (M) · Seattle, WAZoning IC-65 (M) · permitted uses
IC-65 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes mixed uses, intended to promote development of businesses which incorporate a mix of industrial and commercial activities, including light manufacturing and research and development, while accommodating a wide range of other employment activities. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Industrial Commercial Mandatory Housing Affordability
General category
MIXED_USE
Zone area
128.77 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Snyder Property LLC
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 24746, SEATTLE, WA 98124-0746
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2003
—
Snyder Property LLC
Snyder,ron H & Susan G
Quit Claim Deed
related
—
Oct 3, 2000
—
Ron H Snyder
—
Grant Deed
related
$284,000 · Pacific National Bank
Jun 15, 2000
—
Ron H Snyder
—
Grant Deed
related
$689,000 · Bank Of Tukwila
Apr 23, 1999
$410,000
Ron H Snyder
C N S S INC
Grant Deed
—
Jul 11, 1996
$325,000
Cnss INC
Dewitte,marilyn
Grant Deed
$300,000 · Seller
Dec 11, 1990
—
Marilyn Dewitte
Dewitte,clifford
Quit Claim 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.
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