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Financial
Distress signals
Property profile

1107 NE 45Th St Seattle, WA 98105

FOR LEASE
Office buildings
Property ID
US90-1638390
99,005 SF 0.44 ac lot Built 1961
Last sale Jul 2016 · $19,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1107 NE 45Th St, Seattle, WA 98105 For Lease
Contact for pricing 6,172 SF available
1107 NE 45Th St, Seattle, WA 98105
View Listing

Property summary

AI-generated overview

A commercial flex space property totaling 4,196 square feet, configured to support a range of business uses including industrial, warehouse, and office functions. The property is located in Seattle, Washington, and is arranged to accommodate multiple types of operations within the same space.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$193k
Tax billed · 2022
Assessed value$23.33M
Assessed land$11.98M
Assessed improvement$11.35M
Effective rate0.83%

Value estimate

· Oct 2026
$13.27M
$11.94M – $14.59M
NOI build-up
Gross scheduled income$187k
Vacancy & credit loss−$43k
Operating expenses−$36k
NOI · 433,416.00% cap applied$108k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$353/SF
Submarket average, outlier-cleaned · 337 recorded sales of this use type
Observed band · Q1–Q3$205 – $579

Cap rate analysis

How does the asset earn?
433,416.00%
$108k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
SM-U 95-320 (M1)
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.7
Electrical Service10.7
Florist9.4

Location

1107 NE 45Th St Seattle, WA 98105
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5506 35th NE, Seattle, WA 98105-2312 $2,100,000 Jun 2025 4,224 SF
105 56th, Seattle, WA 98105-3737 $1,100,000 Nov 2023 2,144 SF
5505 34th NE, Seattle, WA 98105-2304 $1,175,000 Jul 2022 2,355 SF
3515 45th, Seattle, WA 98105-5640 $10,642,000 Jun 2022 17,836 SF
701 Northlake, Seattle, WA 98105-6429 $7,000,000 Feb 2022 4,200 SF
4311 11th NE, Seattle, WA 98105-6366 $157,000,000 Dec 2019 135,051 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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