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

    11710 15th NE Ave Seattle, WA 98125-5026

    • Industrial properties
    • 4,312 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Sep 02, 2022
    $2,000,000
    Value Estimations
    $1,540,000
    Show details
    Cap Rate Potential
    3.8%
    Industrial properties
    Location Intelligence
    Property ID
    US90-1612011
    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

    • Industrial properties

    Property Details for 11710 15th NE Ave

    Year built
    1925
    Construction
    WOOD FRAME
    Lot size
    0.20 lot acres
    Property size
    4,312 SF
    Zone code
    NC2-55 (M)
    Property type
    Industrial properties
    APN
    679810-0780
    APU
    6798100780

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,625,000
      ML approach
      $1,725,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,020,000
      6.5%
      $940,000
      7%
      $875,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $960,000
      Market price range: $825k - $1.72M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,220,000
      Current use
      COMMERCIAL (GENERAL)
      $2,180,000
      Change: +79% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,775,000
      Change: +46% Conversion: Easy
      RETAIL STORES
      $1,730,000
      Change: +42% Conversion: Moderate
      OFFICE BUILDING
      $1,525,000
      Change: +25% Conversion: Difficult
      MEDICAL BUILDING
      $1,485,000
      Change: +22% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,275,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.312
    Latitude
    47.7143
    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
    $7,555
    $729,300
    $0.00
    $729,300
    -
    $729,300
    $0.00
    $729,300

    Comparable in this City

    • Value Estimation
      $1,170,000
      4,045 SF

      3220 125th St

      INDUSTRIAL LOFT BUILDING • 4,045 SF
      3220 125th St, Seattle, WA 98125-4272
      View Details
    • Value Estimation by Request
      1,700 SF

      3116 133rd St

      LUMBERYARD, BUILDING MATERIALS • 1,700 SF
      3116 133rd St, Seattle, WA 98125
      View Details
    • Value Estimation
      $3,510,000
      30,948 SF

      10015 Lk City NE Way

      INDUSTRIAL LOFT BUILDING • 30,948 SF
      10015 Lk City NE Way, Seattle, WA 98125-7770
      View Details
    • Value Estimation
      $1,380,000
      9,600 SF

      12570 33rd NE Ave

      INDUSTRIAL LOFT BUILDING • 9,600 SF
      12570 33rd NE Ave, Seattle, WA 98125-4502
      View Details
    • Value Estimation
      $620,000
      3,046 SF

      13718 32nd NE Ave

      INDUSTRIAL (GENERAL) • 3,046 SF
      13718 32nd NE Ave, Seattle, WA 98125-3604
      View Details
    • Value Estimation by Request
      38,076 SF

      3116 130th St

      MINI-WAREHOUSE, STORAGE • 38,076 SF
      3116 130th St, Seattle, WA 98125-4419
      View Details

    Similar Nearby for Sale

    • $2,550,000
      7,332 SF

      Seattle Retail and Warehouse Investment

      Retail and warehouse investment opportunity in Seattle with long-term leases.
      10333 Lake City Way NE, Seattle, WA 98125
      View Details
    • $2,550,000
      7,332 SF

      Retail and Manufacturing Property

      7,332 SF property with long-term leases and heavy power.
      10333 Lake City Way NE, Seattle, WA 98125
      View Details
    • $799,000

      Industrial Warehouse with Updated Exterior

      Three-level industrial warehouse suitable for various manufacturing and production purposes.
      10722 Lake City Way, Seattle, WA 98125
      View Details
    • $8,300,000

      Development Opportunity Near Light Rail

      Large parcel near future light rail station and Northacres Park.
      13020 1St Ave, Seattle, WA 98125
      View Details
    • $6,625,000

      Seattle Investment Property for Sale

      Investment property located in Seattle, Washington.
      12537 15Th Ave NE, Seattle, WA 98125
      View Details
    • Contact for pricing

      Versatile Space Near Northgate Center

      Adaptable space suitable for office, medical, or educational purposes.
      12345 NE Roosevelt Way, Seattle, WA 98125
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,729 SF

      Retail Space in Seattle

      Retail space available for lease in Seattle, Washington.
      300 Northeast Northgate Way, Seattle, WA 98125
      View Details
    • Contact for pricing
      13,432 SF

      Retail Space in Seattle

      Retail property available for lease in Seattle, Washington.
      818-846 NE Northgate Way, Seattle, WA 98125
      View Details
    • $10,000 /Mo
      5,798 SF

      Lake City Single Tenant Property

      Single tenant property with 12 bedrooms and fenced outdoor area.
      3601 NE 123Rd St, Seattle, WA 98125
      View Details
    • Contact for pricing
      13,905 SF

      Former Walgreens Retail Space Available

      Prominent corner location with high traffic and abundant parking.
      14352 Lake City Way NE, Seattle, WA 98125
      View Details
    • $20 SF/Yr
      1,720 SF

      Office Space with Reserved Parking

      Second floor office space featuring private offices and reserved parking.
      3227 NE 125Th St, Seattle, WA 98125
      View Details
    • $26 SF/Yr
      5,421 SF

      Lake City Office Space Available

      1,850 sq ft Office in Seattle, WA
      3327 125Th St, Seattle, WA 98125
      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.
    11710 15th NE Ave
    Seattle, WA 98125-5026
    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.