Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1100 Fairview N Ave Seattle, WA 98109-4433

    • Life science properties
    • 284,240 SF
    • 4.08 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2023
    $18,132,000
    Value Estimations
    $18,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0918403
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Carpenter Paul A MD / Doctor
    • Fred Hutchinson Cancer Research Center / Cancer Treatment Center
    • Teresa A Brentnall / Gastroenterologist
    • Andrews Robert G MD / Pediatric Hematologist
    • The Cancer Immunotherapy Trials Network / Cancer Treatment Center

    Property Details for 1100 Fairview N Ave

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    4.08 lot acres
    Property size
    284,240 SF
    Zone code
    SM-SLU 145
    Property type
    Life science properties
    APN
    198420-0455
    APU
    1984200455

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,140,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $27,205,000
      APARTMENT HOUSE (5+ UNITS)
      $26,785,000
      RETAIL STORES
      $25,490,000
      MEDICAL BUILDING
      $21,990,000
      COMMERCIAL (GENERAL)
      $20,535,000
      WAREHOUSE, STORAGE
      $19,435,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.33
    Latitude
    47.6285
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $56,780
    $640,100
    $2,896,400
    $3,536,500
    -
    $640,100
    $2,896,400
    $3,536,500

    Comparable in this City

    • Value Estimation
      $2,605,000
      436,497 SF

      850 Republican St

      R&D FACILITY, LABS, PHARMA • 436,497 SF
      850 Republican St, Seattle, WA 98109-4725
      View Details
    • Value Estimation by Request
      132,347 SF

      1165 Eastlake E Ave

      R&D FACILITY, LABS, PHARMA • 132,347 SF
      1165 Eastlake E Ave, Seattle, WA 98109-4456
      View Details
    • Value Estimation
      $905,000
      102,235 SF

      850 Republican St

      R&D FACILITY, LABS, PHARMA • 102,235 SF
      850 Republican St, Seattle, WA 98109-4725
      View Details
    • Value Estimation
      $1,150,000
      129,093 SF

      530 Fairview N Ave

      R&D FACILITY, LABS, PHARMA • 129,093 SF
      530 Fairview N Ave, Seattle, WA 98109-5553
      View Details
    • Value Estimation by Request
      14,400 SF

      401 Queen Anne N Ave

      R&D FACILITY, LABS, PHARMA • 14,400 SF
      401 Queen Anne N Ave, Seattle, WA 98109-4517
      View Details
    • Value Estimation
      $870,000
      60,375 SF

      964 Republican St

      R&D FACILITY, LABS, PHARMA • 60,375 SF
      964 Republican St, Seattle, WA 98109
      View Details

    Similar Nearby for Sale

    • $2,350,000
      3,430 SF

      Seattle Industrial Redevelopment Opportunity

      Industrial property available for sale in Seattle, Washington.
      1508 Queen Anne Ave N, Seattle, WA 98109
      View Details
    • $2,500,000

      Lake Union Office/Flex Opportunity

      Standalone office/flex space with gym, storage, and secure parking.
      921 Aurora Ave N, Seattle, WA 98109
      View Details
    • $2,998,000
      5,600 SF

      Seattle Multifamily Investment Opportunity

      16 furnished units near Seattle Pacific University. Short-term rental potential.
      7 Dravus St, Seattle, WA 98109
      View Details
    • $1,295,000

      Seattle Multifamily Investment Opportunity

      Three multifamily properties in Seattle's Magnolia and Queen Anne neighborhoods.
      1514 Nob Hill Ave N, Seattle, WA 98109
      View Details
    • $3,500,000

      South Lake Union Apartment Building

      12-unit apartment building in South Lake Union with value-add potential.
      800 Harrison St, Seattle, WA 98109
      View Details
    • $330,000
      670 SF

      Queen Anne Condo with Lake Union Views

      Charming 1-bed condo with updated features and tandem parking.
      612 Prospect St, Seattle, WA 98109
      View Details

    Similar Nearby for Lease

    • $1.15 SF/Yr
      9,435 SF

      Industrial Building with Updated Features

      Single tenant industrial building with office and warehouse space for rent.
      3314 4Th Ave S, Seattle, WA 98109
      View Details
    • $1.67 SF/Yr
      3,771 SF

      Industrial Space with Finished Office

      Light industrial space with finished office in North Queen Anne.
      151 Nickerson St, Seattle, WA 98109
      View Details
    • $1.15 SF/Yr
      6,364 SF

      Seattle Warehouse Space Available

      6,364 SF warehouse space for rent in Seattle.
      1550 4Th Ave S, Seattle, WA 98109
      View Details
    • Contact for pricing
      2,200 SF

      Creative Basement Space For Rent

      Creative basement space suitable for office, retail, and flex uses.
      511 Boren Ave N, Seattle, WA 98109
      View Details
    • Contact for pricing
      6,480 SF

      Belltown Office or Retail Space

      Unique brick and beam structure with high ceilings in Belltown.
      2233-2235 5Th Ave, Seattle, WA 98109
      View Details
    • $1.40 SF/Yr
      13,300 SF

      SoDo Industrial Space Available

      Industrial space for rent in the heart of SoDo.
      2760 4Th Ave S, Seattle, WA 98109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1100 Fairview N Ave
    Seattle, WA 98109-4433
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.