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Property profile & analytics
OFF-MARKET
Estimated value
$3,510,000
Industrial properties
10015 Lk City NE Way Seattle, WA 98125-7770
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0789099
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2000
Construction
WOOD
Total area
30,948 SF
Lot
0.47 ac (20,285 SF)
Zoning code
NC3-55 (M)
APN
510140-5881
UPID
US90-0789099
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
-
Nick Rodriquez Photography Photography Service (Bike/Boat/Book/etc) Store
-
Prolific Tattoo Tattoo & Piercing Shop
-
Supreme Lash Studio Hair Salon
-
Blue Sound Construction General Contractor
-
Ayo Collections (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.51M
Owner & transaction history
Workshops Seattle Lake City · 28 yrs held
Workshops Seattle Lake City
since 1998
7 recorded transactions
Zoning & alternative use
NC3-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business supp…
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
327.73 ac
Source
Realmo
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
$113 / 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
$35,530
Tax year 2022
Assessed value
$3,903,600
Assessed 2022
Previous assessed
$3,903,600
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,379,300
Assessed improvement
$2,524,300
Land market value
$1,379,300
Improvement market value
$2,524,300
Total market value
$3,903,600
Applied tax rate
10.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
4
Total area
30,948 SF
Lot
0.47 ac (20,285 SF)
Zoning code
NC3-55 (M)
APN
510140-5881
UPID
US90-0789099
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-55 (M) · Seattle, WAZoning NC3-55 (M) · permitted uses
NC3-55 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business support services, and residences that are compatible with the retail character of the area. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
327.73 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
4
Lot
0.47 ac
Current owner
From public records · entity-resolved
Workshops Seattle Lake City
Entity
Mailing address
819 N 49TH ST STE #400, SEATTLE, WA 98103-6577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
Workshops Seattle Lake City Way LLC
—
Deed
related
$71,000,000 · German American Capital Corp
Aug 30, 2016
—
Workshops Seattle Lake City Way LLC
—
Deed
related
$4,000,000 · Heritage Bank
Dec 9, 1999
—
Workshops Seattle Lake City Wy
—
Grant Deed
related
$2,240,000 · Continental Savings Bank
Jun 8, 1998
$380,000
Workshops Seattle Lake City
Johnston,g R & Oddney
Grant Deed
$245,000 · Northstar Bank
—
—
Workshops Seattle Lake City Wa
—
Deed Of Trust
related
$2,961,945 · Bank Of The West
—
—
Workshops Seattle Lake City
—
Deed Of Trust
related
$2,472,327 · Homestreet Bank
—
—
Workshops Seattle City Way LLC
—
Deed Of Trust
related
$2,606,250 · Homestreet Bank
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.
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