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Property profile & analytics
OFF-MARKET
Estimated value
$6,655,000
Office buildings
1000 2nd Ave Seattle, WA 98104-1002
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-0404638
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
589,921 SF
Lot
0.6 ac (25,920 SF)
Zoning code
DOC1 U/450/U
APN
093900-0475
UPID
US90-0404638
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Water's Edge Natural Medicine Medical Clinic
-
Eric W. Robinson, Attorney Law Firm
-
Connor & Sargent Law Firm
-
Polsinelli Law Firm
-
Budget Container Sales Big Box & Wholesale Store Shipping Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.66M
Owner & transaction history
Selig Holdings Co LLC · 20 yrs held
Selig Holdings Co LLC
since 2005
5 recorded transactions
Zoning & alternative use
DOC1 U/450/U · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$11 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,748,927
Tax year 2022
Assessed value
$214,811,000
Assessed 2022
Previous assessed
$214,811,000
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$40,176,000
Assessed improvement
$174,635,000
Land market value
$40,176,000
Improvement market value
$174,635,000
Total market value
$214,811,000
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
41
Total area
589,921 SF
Lot
0.6 ac (25,920 SF)
Zoning code
DOC1 U/450/U
APN
093900-0475
UPID
US90-0404638
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DOC1 U/450/U · Seattle, WA
Zoning DOC1 U/450/U · permitted uses
DOC1 U/450/U · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
41
Lot
0.6 ac
Current owner
From public records · entity-resolved
Selig Holdings Co LLC
Entity
Mailing address
1000 2ND AVE STE #1800, SEATTLE, WA 98104-3619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2005
—
Selig Holdings Co LLC
Selig Real Estate Holdings Eleven L
Quit Claim Deed
related
$242,000,000 · Jpmorgan Chase Bank NA
Apr 28, 1999
—
Selig Real Estate Holdings 11
Selig Real Estate Holdings #12
Quit Claim Deed
related
$54,600,000 · Credit Suisse First Boston Mtg
—
—
Selig Holdings Co LLC
—
Loan Modification
related
$242,000,000 · Us Bank NA #2005-ldp5 (ce)
—
—
Selig Real Estates Holdings El
—
Deed Of Trust
related
$7,200,000 · Centrum Financial Services INC
—
—
Selig Holdings Co LLC
—
Loan Modification
related
$379,100,000 · Deutsche Bk Tr 2015-gc29 (ce)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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