Financial
Distress signals
Property profile

2421 Commodore Way Seattle, WA 98199

OFF-MARKET
Manufacturing properties
Property ID
US90-0745208
62,300 SF 6.44 ac lot Built 1974
Last sale Dec 2025 · $28,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of three industrial buildings totaling 213,066 square feet located at 2421 W Commodore Way in Seattle, King County. The buildings had renovations completed within the recent period and are arranged across three structures, with Building 1 configured to accommodate three tenants and Building 2 including a leased area of 20,165 square feet. King County Wastewater occupies 68,972 square feet across the combined property, covering part of Building 2 and all of Building 3. The

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$280k
Tax billed · 2022
Assessed value$28.03M
Assessed land$28.03M
Assessed improvement$1k
Effective rate1.00%

Value estimate

· Sep 2026
$24.04M
$21.63M – $26.44M
Submarket $/SF estimate$24.82M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$283/SF
Submarket average, outlier-cleaned · 83 recorded sales of this use type
Observed band · Q1–Q3$191 – $398

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?
IG2 U/65
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store20.8
HVAC Service17.7
Dental Office17.2

Location

2421 Commodore Way Seattle, WA 98199
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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

3 recorded sales · 17 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2715 Ft St, Seattle, WA 98199-1224 $1,450,000 Oct 2024 No data
4411 23rd W, Seattle, WA 98199-1277 $2,450,000 Aug 2024 6,793 SF
3101 Commodore, Seattle, WA 98199-1159 $1,300,000 Sep 2021 5,967 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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