Entity Owned 
For Lease
Contact for pricing
101 Stewart St, Seattle, WA 98101
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Property summary
AI-generated overview
The property is a commercial office space configured as a full floor totaling 8,146 square feet, with the ability to be subdivided into smaller rentable spaces of approximately 3,000 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
115,857 SF
Lot
0.23 ac (9,937 SF)
Zoning code
DMC-145
APN
197720-0020
UPID
US90-0177981
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician Medical Clinic
-
Alternative Medicine Practice Spa & Massage Center
-
Telecommunications Service Data Center
-
Government Office
-
Physician Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$52.90M
CAP Approach
CAP
$33.38M
Comparable Approach
Comparable
$47.87M
Blend (final)
Blend
$52.90M
Owner & transaction history
since 2024
Last sale
$52.9M
7 recorded transactions
Zoning & alternative use
DMC-145 · Seattle, WA
Zoning description
This district promotes special commercial activities and uses, areas characterized by lower scale office, retail and commercial uses related to activity in the office core, retail core or other moderate-scale commercial…
General category
COMMERCIAL
Top alternative use upside
Restaurant
$60.8M
+48.5%
Commercial (general)
$58.6M
+43.2%
Auto repair, garage
$47.7M
+16.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
8 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$52.90M
Value range
$47.61M – $58.19M
±10% around blend
Estimated value / SF
$457 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
Income certainty
100
$47.61M
blend $52.90M
$58.19M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
115,857 SF
Lot area
0.23 ac
Year built
1986
Stories
12
APN
197720-0020
Zoning
DMC-145
Assessed value
$45,185,000
Annual tax
$368,742
3
Income approach: direct capitalization
Partial preview
Income approach indication
$33.38M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$36.16M
@ 6.5% CAP return
$33.38M
@ 7% CAP return
$31.00M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$368,742
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$38.94M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.8 mi away · 149,497 SF
14.8 mi away · 149,497 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$52.90M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 337 sales
$353
+29%
County 676 sales
$377
+21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $457/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+49%
vs current-use indication
Commercial (general)
Auto Repair, Garage
Retail Stores
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.10%
Selected cap rate for this office buildings
Derived from the Seattle market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.10%
9.0%
NOI (est.)
$291k *
Last sale · Dec 2024
$52.90M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.10M
Move the market yield to see immediate price impact.
Value / SF
$61
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.60%4.10%4.60%
$262k
$7.28M
$6.39M
$5.70M
$291k
$8.09M
$7.10M
$6.33M
$320k
$8.90M
$7.82M
$6.97M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$39.00M
9.8 mi · Dec 2025 · $338/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$368,742
Tax year 2022
Assessed value
$45,185,000
Assessed 2022
Previous assessed
$45,185,000
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$5,465,300
Assessed improvement
$39,719,700
Land market value
$5,465,300
Improvement market value
$39,719,700
Total market value
$45,185,000
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1986
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
12
Total area
115,857 SF
Lot
0.23 ac (9,937 SF)
Zoning code
DMC-145
APN
197720-0020
UPID
US90-0177981
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC-145 · Seattle, WAZoning DMC-145 · permitted uses
DMC-145 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
This district promotes special commercial activities and uses, areas characterized by lower scale office, retail and commercial uses related to activity in the office core, retail core or other moderate-scale commercial…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
12
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
DMC-145
COMMERCIAL
Jurisdiction
Seattle, WA
Recorded code
DMC-145
Official district
DMC-145
Official district profile
What the municipal code says about DMC-145
Zoning description
This district promotes special commercial activities and uses, areas characterized by lower scale office, retail and commercial uses related to activity in the office core, retail core or other moderate-scale commercial…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DMC-145 in Seattle, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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