Financial
Distress signals
Property profile

115 15Th Ave E Seattle, WA 98112

FOR LEASE
Office buildings
Property ID
US90-1211480
9,785 SF 0.16 ac lot Built 1956
Last sale Nov 2015 · $2,500,000
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
115 15Th Ave E, Seattle, WA 98112 For Lease
Contact for pricing 9,397 SF available
115 15Th Ave E, Seattle, WA 98112
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Property summary

AI-generated overview

This retail property is located in Seattle’s Capitol Hill neighborhood and is configured to support retail or service use with signage opportunities. It includes a private interior elevator for access within the building and offers approximately 6 on-site surface parking spaces. The building totals about 9,397 square feet and provides convenient access to I-5 and Downtown Seattle. The area is characterized by high walkability (Walk Score 97), strong public transit access (Transit Score 78), and substantial bicycle friendliness (Bike Score 89).

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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?
$27k
Tax billed · 2022
Assessed value$3.20M
Assessed land$2.76M
Assessed improvement$442k
Effective rate0.85%

Value estimate

· Sep 2026
$1.81M
$1.63M – $1.99M
NOI build-up
Gross scheduled income$285k
Vacancy & credit loss−$65k
Operating expenses−$55k
NOI · 824,855.00% cap applied$165k

Realmo valuation models over county records and 6 qualifying comparable sales.

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
Qualifying comparables6

Cap rate analysis

How does the asset earn?
824,855.00%
$165k 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?
NC2P-55 (M)
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service12.5
Electrical Service12.0
Laundromat11.5

Location

115 15Th Ave E Seattle, WA 98112
County assessor Recorded deeds · 12 transfers 6 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
101 14th E, Seattle, WA 98112-5207 $850,000 Jun 2025 1,684 SF
4111 Madison, Seattle, WA 98112-3241 $120,262 Apr 2025 3,571 SF
3141 Madison, Seattle, WA 98112-4232 $650,000 Dec 2024 1,290 SF
324 15th E, Seattle, WA 98112-5802 $1,380,000 Jun 2024 5,040 SF
2329 Madison, Seattle, WA 98112-5416 $2,345,000 Aug 2022 4,128 SF
4029 Madison, Seattle, WA 98112-3117 $4,118,000 Jun 2022 9,848 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?”
More about this property
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