Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102 Roy St Seattle, WA 98119

    • Retail properties
    • 34,976 SF
    • 0.54 lot acres
    For Lease
    View listing
    $32 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Three Dragons Academy / Vocational School
    • Some Lab Design / Marketing & Advertising / Advertising Agency

    Property Details for 102 Roy St

    Year built
    1912
    Lot size
    0.54 lot acres
    Property size
    34,976 SF
    Property type
    Retail properties

    Description

    This exceptional retail opportunity is located at 102 W Roy Street in Seattle's desirable Queen Anne neighborhood. The property, a three-story Class C building constructed in 1912, offers a total of 34,976 square feet on a 0.54-acre lot (23,522 square feet). Currently, one retail space of 1,480 square feet is available for lease within this multi-tenant building. The building enjoys a prime location, just two blocks from the recently renovated Climate Pledge Arena, a major draw for both local and out-of-town visitors attending sporting events and entertainment. This ensures high foot traffic and visibility for your business. The property is situated near 1st Avenue West and benefits from its proximity to established businesses such as the Behnke Center for Contemporary Performance, The Sitting Room, and Three Dragons Academy. The property's zoning is SMUP, and its King County APN is 3879900640. Annual property taxes are $3.60 per square foot. This is a rare chance to establish your business in a thriving, well-connected Seattle neighborhood. Don't miss this opportunity to become part of a vibrant and successful retail community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.359
    Latitude
    47.6256

    Comparable in this City

    • Value Estimation by Request

      1436 Elliott Ave

      Office space
      1436 Elliott Ave, Seattle, WA 98119
      View Details
    • Value Estimation by Request
      37,671 SF

      1516 15Th Ave

      Distribution properties • 37,671 SF
      1516 15Th Ave, Seattle, WA 98119
      View Details
    • Value Estimation by Request

      1 Roy St

      Restaurants
      1 Roy St, Seattle, WA 98119
      View Details
    • Value Estimation by Request
      0.17 Acres

      525 2nd W Ave

      PARKING LOT • 0.17 Acres
      525 2nd W Ave, Seattle, WA 98119-3927
      View Details
    • Value Estimation by Request
      0.28 Acres

      110 1st W Ave

      PARKING LOT • 0.28 Acres
      110 1st W Ave, Seattle, WA 98119-4248
      View Details
    • Value Estimation by Request
      2,910 SF

      1613 Dravus St

      RESTAURANT • 2,910 SF
      1613 Dravus St, Seattle, WA 98119-1720
      View Details

    Similar Nearby for Sale

    • $2,950,000

      Belltown Two-Story Retail Building

      Two-story, 10,380 SF building in the heart of Belltown.
      2117 2Nd Ave, Seattle, WA 98119
      View Details
    • $1,750,000

      Secured Parking and Warehouse Space

      Secured parking lot and warehouse space available for sale.
      652 Elliott Ave W, Seattle, WA 98119
      View Details
    • $4,250,000
      13,320 SF

      Belltown Retail Building For Sale

      Two-story, 13,320 SF retail building in Seattle's Belltown neighborhood.
      2112 1St Ave, Seattle, WA 98119
      View Details
    • $5,750,000
      23,507 SF

      Fully Leased Mixed-Use Property

      Versatile, income-producing asset with office, retail, and warehouse spaces.
      2201 15Th Ave W, Seattle, WA 98119
      View Details
    • $2,250,000

      Magnolia Village Leased Retail Investment

      Leased retail property in Magnolia Village with storage space.
      3310 W Mcgraw St, Seattle, WA 98119
      View Details
    • Contact for pricing
      41,776 SF

      Seattle Church and School Opportunity

      Church and school buildings with parking near Seattle Pacific University.
      3200 3Rd Ave W, Seattle, WA 98119
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      34,976 SF

      Queen Anne Retail Space For Lease

      Vibrant Queen Anne location, 1,480 sq ft available.
      102 Roy St, Seattle, WA 98119
      View Details
    • $35 SF/Yr
      1,647 SF

      Prime Retail Space in Seattle

      Iconic corner location in downtown Seattle with high visibility.
      1904-1912 3Rd Ave, Seattle, WA 98119
      View Details
    • $18 SF/Yr
      8,777 SF

      Elliott Avenue Retail Space

      Second floor retail suite available for lease.
      1419-1477 Elliott Ave W, Seattle, WA 98119
      View Details
    • $30 SF/Yr
      734 SF

      Retail Space in Seattle

      Retail space available for lease in Seattle, Washington.
      1201 2Nd Ave, Seattle, WA 98119
      View Details
    • $38 SF/Yr
      1,000 SF

      Prime Retail Space on Queen Anne

      Retail space in a high-traffic Queen Anne location.
      9 Mercer St, Seattle, WA 98119
      View Details
    • $44 SF/Yr
      3,546 SF

      Seattle Retail Space For Lease

      Prime Seattle retail space available for lease starting May 1, 2026.
      1154 Elliott Ave W, Seattle, WA 98119
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 Roy St
    Seattle, WA 98119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.