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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Warehouses
1001 Westlake N Ave, Seattle, WA 98109-3525
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0831546
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,647 SF
Lot
0.17 ac (7,440 SF)
Zoning code
SM-SLU 100/95
APN
224950-0180
UPID
US90-0831546
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
-
Glacier Real Estate Finance Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
1001 Westlake Partners LLC · 10 yrs held
1001 Westlake Partners LLC
since 2016
5 recorded transactions
Zoning & alternative use
SM-SLU 100/95 · 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
$101 / 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
$45,781
Tax year 2022
Assessed value
$5,464,000
Assessed 2022
Previous assessed
$5,464,000
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$3,943,200
Assessed improvement
$1,520,800
Land market value
$3,943,200
Improvement market value
$1,520,800
Total market value
$5,464,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Total area
19,647 SF
Lot
0.17 ac (7,440 SF)
Zoning code
SM-SLU 100/95
APN
224950-0180
UPID
US90-0831546
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-SLU 100/95 · Seattle, WA
Zoning SM-SLU 100/95 · permitted uses
SM-SLU 100/95 · 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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
1001 Westlake Partners LLC
Entity
Mailing address
601 UN ST STE #3016, SEATTLE, WA 98101-3913
Ownership since
2016
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
Apr 6, 2022
—
Westlake Partners LLC
—
Deed
related
$7,500,000 · Seattle Metropolitan Cu
Mar 19, 2021
—
1001 Westlake Partners LLC
—
Deed
related
$3,850,000 · 1001 Westlake Company
Mar 22, 2016
$5,050,000
1001 Westlake Partners LLC
1001 Westlake LLC
Warranty Deed
$3,850,000 · Private Individual
Nov 26, 2012
—
1001 Westlake LLC
Merlino James E
Grant Deed
—
—
—
James E Merlino
—
Deed Of Trust
related
$1,129,250 · Individual
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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