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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office buildings
10025 16th SW Ave, Seattle, WA 98146-3731
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1647822
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,128 SF
Lot
0.08 ac (3,375 SF)
Zoning code
CBSO
APN
721140-1140
UPID
US90-1647822
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
-
Refugee Federation Services Center Social Service Agency Charitable Organization
-
Khmer Community of Seattle King County Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$760k
Owner & transaction history
Solid Spaces LLC · 1 yrs held
Solid Spaces LLC
since 2025
Last sale
$725,000
6 recorded transactions
Zoning & alternative use
CBSO · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+43.2%
Auto repair, garage
$875,000
+16.4%
Retail stores
$855,000
+13.5%
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
Method
Estimation
Statistic approach
$840,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$750,000
Current use
COMMERCIAL (GENERAL)
$1,075,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$875,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$855,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$730,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$630,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $725k (Jan 16 2025)
Last sale anchor
$725k
Jan 16 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$357 / 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
$11,837
Tax year 2022
Assessed value
$308,400
Assessed 2022
Previous assessed
$308,400
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$101,200
Assessed improvement
$207,200
Land market value
$101,200
Improvement market value
$207,200
Total market value
$308,400
Applied tax rate
3,850.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,128 SF
Lot
0.08 ac (3,375 SF)
Zoning code
CBSO
APN
721140-1140
UPID
US90-1647822
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBSO · Seattle, WA
Zoning CBSO · permitted uses
CBSO · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$875,000
RETAIL STORES
Est. value
$855,000
MEDICAL BUILDING
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$630,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Solid Spaces LLC
Entity
Mailing address
225 LOGAN AVE S APT #307, RENTON, WA 98057-2066
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2026
—
Solid Spaces LLC
—
Deed
related
$685,000 · Colin E Macleod Etal
Jan 16, 2025
$725,000
Solid Spaces LLC
Tang Real Estate Investments Corpor
Warranty Deed
$385,000 · Colin Macleod
Oct 28, 2022
—
Tang Real Estate Investments Corp
—
Deed
related
$400,000 · Sean Obrien
Jun 5, 2020
—
Tang R & E Invs Corp
—
Deed
related
$455,100 · Moxie Capital LLC
Dec 10, 2019
$630,000
Tang Real Estate Investments Corpor
Lk Choi Chang
Warranty Deed
$488,250 · Veristone Fund I LLC
—
—
Tang R & E Invs Corp
—
Deed Of Trust
related
$455,100 · Moxie Capital LLC
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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