Financial
Distress signals
Property profile

270 S Hanford St Seattle, WA 98134

FOR LEASE
Distribution centers
Property ID
US90-0206216
92,792 SF 2.56 ac lot Built 1962
Last sale Apr 2022 · $5,533,020
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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270 S Hanford St, Seattle, WA 98134 For Lease
Contact for pricing 4,400 SF available
270 S Hanford St, Seattle, WA 98134
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Property summary

AI-generated overview

The property is a commercial industrial/flex facility totaling approximately 6,200 square feet, including 4,000 square feet of industrial/flex space and 2,200 square feet of office space. It includes a freight elevator to support material movement between levels. The office area is configured to be divided into three separate offices, supporting multiple workspaces within the office component. The building is suited for a combination of flex and light industrial activity, office use, and warehousing.

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?
$157k
Tax billed · 2022
Assessed value$16.77M
Assessed land$8.36M
Assessed improvement$8.41M
Effective rate0.94%

Value estimate

· Sep 2026
$13.65M
$12.29M – $15.02M
CAP approach$15.69M
NOI build-up
Gross scheduled income$62k
Vacancy & credit loss−$5k
Operating expenses−$17k
NOI · 2,275,828.57% cap applied$40k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$292/SF
ZIP average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$139 – $415
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2,275,828.57%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IG1 U/85
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy10.2
Convenience Store9.3
Florist8.2

Location

270 S Hanford St Seattle, WA 98134
County assessor Recorded deeds · 15 transfers 5 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
1762 6th S, Seattle, WA 98134-1609 $2,700,000 Apr 2022 110,613 SF
2424 8th S, Seattle, WA 98134-2005 $32,000,000 Oct 2021 87,933 SF
4000 1st S, Seattle, WA 98134-2301 $24,275,000 Jun 2021 56,608 SF
3844 1st S, Seattle, WA 98134-2234 $72,600,000 Jan 2021 101,101 SF
3601 2nd S, Seattle, WA 98134-2205 $72,600,000 Jan 2021 52,613 SF
115 Dakota, Seattle, WA 98134 $4,357,834 Oct 2020 104,099 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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