This mixed-use property is located in the Capitol Hill neighborhood and totals 5,448 square feet. The ground-floor retail/office component features a layout with private offices, a conference room, and open collaboration areas, along with two bathrooms and a private back patio. The second floor consists of two separate one-bedroom apartments, each with period details. The building is configured to support owner-occupancy alongside rental or business use.

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.

Debts

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?

$13k

Tax billed · 2022

Assessed value$1.54M

Assessed land$1.54M

Assessed improvement$1k

Effective rate0.86%

Value estimate

· Oct 2026

$1.72M

$1.55M – $1.89M

AI approach$1.56M

CAP approach$1.57M

Submarket $/SF estimate$1.44M

NOI build-up

Gross scheduled income$173k

Vacancy & credit loss−$6k

Operating expenses−$75k

NOI · 4.19% cap applied$92k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$353/SF

Submarket average, outlier-cleaned · 337 recorded sales of this use type

Observed band · Q1–Q3$205 – $579

Cap rate analysis

How does the asset earn?

4.19%

$92k 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?

MR (M)

This district promotes multi family uses in mid rise or high rise providing concentrations of housing in desirable, pedestrian oriented u...

General categoryRESIDENTIAL

JurisdictionKING

Location intelligence

Which uses thrive at this corner?

Best fit: Laundromat

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Laundromat11.4

Laundry Service8.7

Butcher8.4

231 Summit Ave E Seattle, WA 98102

County assessor Recorded deeds · 5 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

6 recorded sales · 18 properties nearby

Address Sale price Sold Size

207 Edgar, Seattle, WA 98102-3108 $1,300,000 Jun 2025 4,660 SF

2810 Eastlake E, Seattle, WA 98102-3008 $1,619,000 Jun 2023 4,655 SF

1718 Olive, Seattle, WA 98102-5615 $1,750,000 Dec 2021 4,591 SF

3240 Eastlake E, Seattle, WA 98102-7117 $3,350,000 Oct 2021 5,400 SF

614 Boylston E, Seattle, WA 98102-4912 $2,425,000 Sep 2021 5,510 SF

2021 Minor E, Seattle, WA 98102-3588 $2,941,426 Dec 2020 5,520 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

Value Estimation
$2,545,000

5,400 SF

3240 Eastlake E Ave

OFFICE BUILDING

3240 Eastlake E Ave, Seattle, WA 98102-7117

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Value Estimation
$3,010,000

5,520 SF

2021 Minor E Ave

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2021 Minor E Ave, Seattle, WA 98102-3588

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Value Estimation
$1,365,000

4,660 SF

207 Edgar St

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207 Edgar St, Seattle, WA 98102-3108

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Value Estimation
$1,120,000

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2000 Fairview E Ave

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2000 Fairview E Ave, Seattle, WA 98102-3555

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Value Estimation
$2,165,000

4,210 SF

2921 Eastlake E Ave

OFFICE BUILDING

2921 Eastlake E Ave, Seattle, WA 98102-3095

View Details
Value Estimation
$1,555,000

7,174 SF

127 Boylston E Ave

OFFICE BUILDING

127 Boylston E Ave, Seattle, WA 98102-5606

View Details

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