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Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Showrooms
1044 4th S Ave 1064 Seattle, WA 98134-1303
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-1662931
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1927
Construction
STEEL FRAME
Total area
21,840 SF
Lot
0.93 ac (40,500 SF)
Zoning code
IC 85-175
APN
766620-4780
UPID
US90-1662931
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
-
Mariner Parking Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.43M
Owner & transaction history
Newsom Properties LLC · 20 yrs held
Newsom Properties LLC
since 2005
5 recorded transactions
Zoning & alternative use
IC 85-175 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,805,000
6.5%
$4,435,000
7%
$4,120,000
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±10%
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
$203 / 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
$53,677
Tax year 2022
Assessed value
$5,670,000
Assessed 2022
Previous assessed
$5,670,000
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$5,670,000
Land market value
$5,670,000
Total market value
$5,670,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1927
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
21,840 SF
Lot
0.93 ac (40,500 SF)
Zoning code
IC 85-175
APN
766620-4780
UPID
US90-1662931
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IC 85-175 · Seattle, WA
Zoning IC 85-175 · permitted uses
IC 85-175 · 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
1927
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Newsom Properties LLC
Entity
Mailing address
3207 NW PENNINGTON PL, PORTLAND, OR 97229-8831
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 27, 2006
—
Newsom Properties LLC
—
Deed Of Trust
related
$10,960,000 · Umpqua Bank
Nov 4, 2005
$7,650,000
Newsom Properties LLC
Stadium Place LLC
Grant Deed
$6,885,000 · Umpqua Bank
May 18, 2001
—
Stadium Place LLC
Larkin,james & Barbara
Quit Claim Deed
related
—
Jan 8, 1999
$1,713,448
James Larkin
Mrvj LLC
Grant Deed
—
—
—
Newsom Properties LLC
—
Deed Of Trust
related
$3,732,386 · Umpqua 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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