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Property profile & analytics
OFF-MARKET
Estimated value
$8,770,000
Industrial properties
Seattle, WA 98134
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0525024
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1951
Construction
WOOD FRAME
Total area
82,592 SF
Lot
4.56 ac (198,687 SF)
Zoning code
IG1 U/85
APN
766620-7461
UPID
US90-0525024
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
$11.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.77M
Owner & transaction history
Redco Spokane 60 Owner LLC · 6 yrs held
Redco Spokane 60 Owner LLC
since 2019
7 recorded transactions
Zoning & alternative use
IG1 U/85 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,460,000
6.5%
$11,500,000
7%
$10,680,000
Blend value · Realmo final
$8.77M
Range $7.89M – $9.65M · ±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
$106 / 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
$150,339
Tax year 2022
Assessed value
$13,908,000
Assessed 2022
Previous assessed
$13,908,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$13,908,000
Land market value
$13,908,000
Total market value
$13,908,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1951
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Total area
82,592 SF
Lot
4.56 ac (198,687 SF)
Zoning code
IG1 U/85
APN
766620-7461
UPID
US90-0525024
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG1 U/85 · Seattle, WA
Zoning IG1 U/85 · permitted uses
IG1 U/85 · 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
1951
Construction
WOOD FRAME
Heating
HOT WATER
Stories
2
Lot
4.56 ac
Current owner
From public records · entity-resolved
Redco Spokane 60 Owner LLC
Entity
Mailing address
11150 SANTA MONICA BLVD STE #700, LOS ANGELES, CA 90025-3331
Ownership since
2019
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
Oct 27, 2022
—
Ind First Ave 3411 Owner LLC
—
Deed
related
$22,764,000 · Silicon Valley Bank
Jan 8, 2021
—
Redco Spokane 60 Owner LLC
—
Deed
related
$17,577,465 · Pfp 2019-6 Ltd
Oct 3, 2019
—
Redco Spokane 60 Owner LLC
—
Deed
related
$15,550,000 · Pfp Holding Company Vi LLC
Jul 31, 2019
$22,000,000
Redco Spokane 60 Owner LLC
Seattle Wire & Cable LLC
Grant Deed
—
Dec 22, 1998
—
Seattle Wire & Cable LLC
Unger,conrad R
Quit Claim Deed
related
—
Feb 13, 1996
$3,500,000
Seattle Wire & Cable INC
C D Stimson Co
Grant Deed
$2,450,000 · Seattle-first National Bank
—
—
Redco Spokane 60 Owner LLC
—
Deed Of Trust
related
$17,577,465 · Pfp 2019-6 Ltd
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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