Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    100 Roy St Seattle, WA 98119-3830

    • Office Properties & Spaces
    • 34,976 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Feb 14, 2023
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1631102
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • On the Boards / Performing Arts Theater / Arts Organization
    • Roy Street Apartments / Apartment Rental Agency / Apartment Building
    • Behnke Center of Contemporary Performance / Stage

    Property Details for 100 Roy St

    Year built
    1912
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    34,976 SF
    Zone code
    SM-UP 85 (M1)
    Property type
    Office Properties & Spaces
    APN
    387990-0640
    APU
    3879900640

    Description

    This exceptional Queen Anne commercial property offers a unique blend of retail and office space, ideal for a variety of businesses. Located in the thriving Lower Queen Anne submarket of King County, this three-story, 34,976 square foot building boasts a prime location just two blocks from the revitalized Climate Pledge Arena. Built in 1912, the property is classified as Class C and features a desirable mix of creative and traditional office spaces within a multi-tenant environment. The building sits on a 23,522 square foot lot and provides ample parking with 50 spaces available. The zoning is designated as SMUP. Currently, one retail space of 1,480 square feet is available for lease. This vibrant neighborhood is home to a diverse range of businesses, including the Behnke Center for Contemporary Performance, The Sitting Room, and Three Dragons Academy, creating a dynamic and attractive environment for new tenants. The proximity to the Climate Pledge Arena ensures high foot traffic and visibility, drawing customers from across Seattle and beyond. This presents a rare opportunity to establish a presence in a sought-after location with strong community ties and excellent accessibility. The property's APN is 3879900640.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.358
    Latitude
    47.6259
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,125
    $792,000
    $162,700
    $954,700
    -
    $792,000
    $162,700
    $954,700

    Comparable in this City

    • Value Estimation by Request

      1436 Elliott Ave

      Office space
      1436 Elliott Ave, Seattle, WA 98119
      View Details
    • Value Estimation
      $465,000
      9,471 SF

      1903 10th W Ave

      OFFICE (GENERAL) • 9,471 SF
      1903 10th W Ave, Seattle, WA 98119-2854
      View Details
    • Value Estimation by Request

      200 Mercer St

      Office Properties & Spaces
      200 Mercer St, Seattle, WA 98119
      View Details
    • Value Estimation
      $595,000
      26,389 SF

      3257 16th W Ave

      OFFICE (GENERAL) • 26,389 SF
      3257 16th W Ave, Seattle, WA 98119-1760
      View Details
    • Value Estimation
      $395,000
      0.63 Acres

      1600 Armory Way

      OFFICE BUILDING • 0.63 Acres
      1600 Armory Way, Seattle, WA 98119-2730
      View Details
    • Value Estimation
      $370,000
      33,290 SF

      115 Mercer St

      OFFICE BUILDING • 33,290 SF
      115 Mercer St, Seattle, WA 98119-3953
      View Details

    Similar Nearby for Sale

    • $11,000,000

      Ballard Locks Industrial/Office Property

      1.96-acre property with industrial, office, and residential income opportunities.
      1080 Ewing St, Seattle, WA 98119
      View Details
    • $995,000
      2,340 SF

      Queen Anne Office Building - Owner/User

      Prime Seattle location, vacant, 2340 sq ft.
      3120 3Rd Ave, Seattle, WA 98119
      View Details
    • $2,895,000
      2,741 SF

      Queen Anne Mixed-Use Opportunity

      Mixed-use property in Lower Queen Anne, steps from Climate Pledge Arena.
      166 Roy St, 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
    • $995,000
      2,340 SF

      Seattle Office Building For Sale

      Office building in Seattle's Fremont neighborhood, suitable for various uses.
      3120 3Rd Ave W Seattle, Seattle, WA 98119
      View Details
    • Contact for pricing
      2,712 SF

      Belltown Retail or Office Space

      Retail or office space in the heart of Belltown.
      2207-2211 3Rd Ave, Seattle, WA 98119
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,724 SF

      Queen Anne Office Space Sublease

      7,724 sq ft, corner suite, furnished.
      200 Mercer St, Seattle, WA 98119
      View Details
    • $26 SF/Yr
      1,563 SF

      Historic Office Space in Seattle

      Prestigious office space in Seattle's historic financial district.
      705 2Nd Ave, Seattle, WA 98119
      View Details
    • Contact for pricing
      20,503 SF

      Seattle Office Space Available

      20,503 square foot office space for rent in Seattle.
      450 3Rd Ave West, Seattle, WA 98119
      View Details
    • $32 SF/Yr
      30,172 SF

      Office Space with Bay Views

      7,290 RSF office space with views in Seattle.
      4209 21St Ave West, Seattle, WA 98119
      View Details
    • Contact for pricing
      6,179 SF

      Seattle Office Space Available

      Office space available for rent in Seattle, Washington.
      2118 3Rd Ave, Seattle, WA 98119
      View Details
    • $19 SF/Yr
      1,000 SF

      Seattle Office Space Available

      Office space for rent in Seattle, Washington.
      1631 15Th 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.
    100 Roy St
    Seattle, WA 98119-3830
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.