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Property profile & analytics
FOR LEASE
Industrial properties
1111 NW Ballard Way Seattle, WA 98107
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0656889
For Lease
1 / 14
$6,270,000
1111 NW Ballard Way, Seattle, WA 98107
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,906 SF
Lot
0.46 ac (20,000 SF)
Zoning code
IG2 U/65
APN
276830-3040
UPID
US90-0656889
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
-
Jolly Roger Taproom Bar & Pub Restaurant
-
Maritime Pacific Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.15M
Blend (final)
Blend
$6.27M
Owner & transaction history
Emutt Holdings Barley Ho LLC · 1 yrs held
Emutt Holdings Barley Ho LLC
since 2025
Last sale
$6.3M
5 recorded transactions
Zoning & alternative use
IG2 U/65 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.6M
+45.6%
Retail stores
$8.4M
+41.9%
Apartment house (5+ units)
$7.4M
+25.5%
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
$6,305,000
ML approach
$6,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,905,000
Current use
AUTO REPAIR, GARAGE
$8,600,000
Change: +46% · Conversion: Easy
RETAIL STORES
$8,385,000
Change: +42% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,415,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$7,390,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$7,190,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$6.27M
Range $5.64M – $6.90M · ±10% · vs last sale $6.30M (Jul 7 2023)
Last sale anchor
$6.30M
Jul 7 2023
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
$300 / 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
$36,853
Tax year 2022
Assessed value
$4,073,200
Assessed 2022
Previous assessed
$4,073,200
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$3,100,000
Assessed improvement
$973,200
Land market value
$3,100,000
Improvement market value
$973,200
Total market value
$4,073,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
20,906 SF
Lot
0.46 ac (20,000 SF)
Zoning code
IG2 U/65
APN
276830-3040
UPID
US90-0656889
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG2 U/65 · Seattle, WA
Zoning IG2 U/65 · permitted uses
IG2 U/65 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$8.6M
RETAIL STORES
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$7.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Emutt Holdings Barley Ho LLC
Entity
Free & Clear · 1 yrs held
Mailing address
203 N 36TH ST, SEATTLE, WA 98103-8610
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2025
—
Emutt Holdings Barley Ho LLC
Emutt Holdings Ballard Ho LLC
Deed
related
—
Jul 7, 2023
$6,300,000
Emutt Holding Bellard Ho LLC
1111 Ballard LLC
Warranty Deed
—
Feb 18, 2020
—
1111 Ballard LLC
Dana F Hough
Quit Claim Deed
related
—
Jun 27, 2013
—
Dana F Hough
Hough Bruce E
Quit Claim Deed
related
—
Dec 28, 2006
—
Karan K Jamieson
Jamieson,karan K
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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