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Property profile & analytics
FOR SALE
Distribution centers
11521 E Marginal Way Tukwila, WA 98168
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-2220660
For Sale
1 / 2
Contact for pricing
11521 E Marginal Way, Tukwila, WA 98168
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,403 SF
Lot
2.09 ac (91,068 SF)
Zoning code
MIC/L
APN
102304-9076
UPID
US90-2220660
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
$3.23M
Owner & transaction history
Woodridge Partners LLC · 20 yrs held
Woodridge Partners LLC
since 2006
7 recorded transactions
Zoning & alternative use
MIC/L · 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 Tukwila submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tukwila 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
$114 / 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
$48,144
Tax year 2022
Assessed value
$4,217,000
Assessed 2022
Previous assessed
$4,217,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,732,000
Assessed improvement
$1,485,000
Land market value
$2,732,000
Improvement market value
$1,485,000
Total market value
$4,217,000
Applied tax rate
2,417.0000
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
For Sale
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
28,403 SF
Lot
2.09 ac (91,068 SF)
Zoning code
MIC/L
APN
102304-9076
UPID
US90-2220660
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MIC/L · Seattle, WAZoning MIC/L · permitted uses
MIC/L · 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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.09 ac
Current owner
From public records · entity-resolved
Woodridge Partners LLC
Entity
Mailing address
1616 34TH CT W, SEATTLE, WA 98199-3906
Ownership since
2006
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
Aug 30, 2016
—
Woodridge Partners LLC
—
Deed
related
$1,385,000 · Umpqua Bank
Jun 22, 2006
$4,000,000
Woodridge Partners LLC
Howard Street Assocs
Warranty Deed
—
Dec 15, 1999
$2,780,000
Howard Street Associates
Alpha 4 LLC
Grant Deed
—
Jul 5, 1995
$594,901
Alpha 4 LLC
North Properties
Grant Deed
—
—
—
Alpha 4 LP
—
Deed Of Trust
related
$1,625,000 · Golden American Life Insurance
—
—
Howard Street Associates LP
—
Deed Of Trust
related
$1,600,000 · Kansas City Life Insurance Co
—
—
Alpha 4 Limited Liability Co
—
Deed Of Trust
related
$1,685,000 · Us Bank Of Washington
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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