Add Listing
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

    1205 50th St Seattle, WA 98105-4406

    • Retail space
    • 14,520 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Feb 28, 2022
    $16,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3330678
    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

    • Isaac Ngu / Pharmacy
    • Navid Noorbakhsh / Pharmacy
    • Dara Uch / Medical School
    • Western Union / Bank / Credit Union

    Property Details for 1205 50th St

    Year built
    2004
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.33 lot acres
    Property size
    14,520 SF
    Zone code
    SM-U 75-240 (M1)
    Property type
    Retail space
    APN
    674670-0140
    APU
    6746700140

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.315
    Latitude
    47.6646
    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
    $71,888
    $8,521,800
    $1,000
    $8,522,800
    -
    $8,521,800
    $1,000
    $8,522,800

    Comparable in this City

    • Value Estimation
      $12,870,000
      90,184 SF

      2601 46th St

      RETAIL STORES (PERSONAL SERVICES) • 90,184 SF
      2601 46th St, Seattle, WA 98105
      View Details
    • Value Estimation
      $2,050,000
      16,480 SF

      4301 University NE Way

      RETAIL STORES (PERSONAL SERVICES) • 16,480 SF
      4301 University NE Way, Seattle, WA 98105-5808
      View Details
    • Value Estimation
      $625,000
      3,984 SF

      5401 25th NE Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,984 SF
      5401 25th NE Ave, Seattle, WA 98105-2446
      View Details
    • Value Estimation
      $635,000
      4,064 SF

      3432 45th St

      RETAIL STORES (PERSONAL SERVICES) • 4,064 SF
      3432 45th St, Seattle, WA 98105-5645
      View Details
    • Value Estimation
      $1,265,000
      9,552 SF

      4339 University NE Way

      RETAIL STORES (PERSONAL SERVICES) • 9,552 SF
      4339 University NE Way, Seattle, WA 98105-5808
      View Details
    • Value Estimation
      $695,000
      4,120 SF

      4733 University NE Way

      RETAIL STORES (PERSONAL SERVICES) • 4,120 SF
      4733 University NE Way, Seattle, WA 98105-4412
      View Details

    Similar Nearby for Sale

    • $190,000

      Iconic Seattle Shoe Store Business

      Turnkey shoe store business with inventory in Seattle's University District.
      4303 University Way, Seattle, WA 98105
      View Details
    • $3,950,000

      University District Retail Investment Opportunity

      Fully stabilized, income-producing asset in Seattle's University District.
      4341 University Way NE, Seattle, WA 98105
      View Details
    • Contact for pricing
      3,447 SF

      University District Retail Investment Opportunity

      Fully leased retail asset on high-traffic urban corridor.
      4339-4341 University Way NE, Seattle, WA 98105
      View Details
    • Contact for pricing
      4,057 SF

      Seattle Retail and Gas Station

      Legacy corner asset with retail, gas station, and redevelopment potential.
      101 NE 50Th St, Seattle, WA 98105
      View Details
    • Contact for pricing

      Apartment Project Near UW Campus

      Fully designed apartment project with commercial space near UW.
      4722 15Th Ave NE, Seattle, WA 98105
      View Details
    • $675,000

      Former Gas Station with Basement

      Service station with roll-up doors and basement in Seattle.
      5326 Roosevelt Way NE, Seattle, WA 98105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,897 SF

      Ballard Retail Space For Rent

      Retail space in Ballard under 164-unit apartment building.
      1701 Northwest 56Th St, Seattle, WA 98105
      View Details
    • Contact for pricing
      12,299 SF

      Prime Retail Space in Seattle

      Rare opportunity in Sand Point Village with high foot traffic.
      5440-5464 Sand Point Way NE, Seattle, WA 98105
      View Details
    • $28 SF/Yr
      1,641 SF

      University Way Retail Space Available

      Retail space with high ceilings and signage opportunities.
      4725 University Way NE, Seattle, WA 98105
      View Details
    • Contact for pricing
      3,800 SF

      Retail Space on University Way

      Retail space available for lease on University Way NE.
      4125 University Way NE, Seattle, WA 98105
      View Details
    • Contact for pricing
      2,411 SF

      Retail Space on University Way

      Retail space available for lease on University Way NE.
      4552-4560 University Way NE, Seattle, WA 98105
      View Details
    • Contact for pricing
      1,978 SF

      Corner Retail/Office Space Available

      High-visibility corner retail/office space in Seattle's North University District.
      4750 Roosevelt Way NE, Seattle, WA 98105
      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.
    1205 50th St
    Seattle, WA 98105-4406
    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.
    Sign Up Successful!
    You now have access to more from Realmo!