Financial
Distress signals
Property profile

2116 22nd S Ave Seattle, WA 98144

OFF-MARKET
Auto shops
Property ID
US90-1302460
4,026 SF 0.28 ac lot Built 1980
Last sale Feb 2020 · $1,275,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of commercial land totaling over 12,000 square feet and includes a 4,000-square-foot building constructed in 1980. The building is set up for multiple-tenant occupancy, with corner exposure and alley access, and it is located in zoning NC3-75(M). The site is identified as having potential for residential development of 90+ units, subject to applicable approvals and permitting. It is within walking distance of Mt. Baker and the Judkins Light Rail Station, and it is

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$18k
Tax billed · 2022
Assessed value$1.92M
Assessed land$1.92M
Assessed improvement$1k
Effective rate0.91%

Value estimate

· Sep 2026
$1.24M
$1.12M – $1.36M
AI approach$1.21M
Sales comparison$1.45M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$411/SF
Submarket average, outlier-cleaned · 121 recorded sales of this use type
Observed band · Q1–Q3$217 – $739
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NC3-75 (M)
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping distr...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm19.7
Realty agency12.7
HVAC Service12.4

Location

2116 22nd S Ave Seattle, WA 98144-4521
County assessor Recorded deeds · 7 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2104 Plum, Seattle, WA 98144-4539 $1,700,000 Dec 2025 3,800 SF
308 14th S, Seattle, WA 98144-2012 $28,000 Jul 2024 4,600 SF
1752 Rainier S, Seattle, WA 98144-4554 $1,800,000 Jun 2020 4,790 SF
1265 King, Seattle, WA 98144-2024 $2,570,000 Jul 2019 4,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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