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    Property profile & analytics

    1214 137Th St Seattle, WA 98133

    • Apartment buildings
    • 12,104 SF
    For Sale
    View listing
    $2,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3221113
    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

    • Apartment buildings

    Property Details for 1214 137Th St

    Year built
    1988
    Property size
    12,104 SF
    Property type
    Apartment buildings

    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
    -122.343
    Latitude
    47.7287

    Comparable in this City

    • Value Estimation by Request
      8,928 SF

      207 104Th St

      Multifamily properties • 8,928 SF
      207 104Th St, Seattle, WA 98133
      View Details
    • Value Estimation by Request

      11023 Greenwood Ave

      Multifamily properties
      11023 Greenwood Ave, Seattle, WA 98133
      View Details
    • Value Estimation by Request
      8,070 SF

      10740 Greenwood Ave

      Multifamily properties • 8,070 SF
      10740 Greenwood Ave, Seattle, WA 98133
      View Details
    • Value Estimation
      $580,000
      2,580 SF

      220 110th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,580 SF
      220 110th St, Seattle, WA 98133-8733
      View Details
    • Value Estimation
      $1,920,000
      13,450 SF

      1301 200th St

      BOARDING/ROOMING HOUSE • 13,450 SF
      1301 200th St, Shoreline, WA 98133-3204
      View Details
    • Value Estimation
      $860,000
      5,720 SF

      918 103rd St

      BOARDING/ROOMING HOUSE • 5,720 SF
      918 103rd St, Seattle, WA 98133-5109
      View Details

    Similar Nearby for Sale

    • $2,750,000
      12,104 SF

      Renovated Multifamily Property Near Northgate

      12-unit multifamily property near Northgate Light Rail Station.
      1214 137Th St, Seattle, WA 98133
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    • $9,000,000
      15,746 SF

      Turnkey 22-Unit Apartment Investment

      Newly constructed 22-unit apartment building near upcoming Light Rail Station.
      2152 185Th St, Shoreline, WA 98133
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      12,104 SF

      North Seattle Multifamily Investment Opportunity

      Renovated 12-unit property near Northgate Light Rail Station.
      1214 N 137Th St, Seattle, WA 98133
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    • Contact for pricing
      Pending

      Prime Mixed-Use Development Opportunity

      1.126-acre parcel zoned TC-3 for mixed-use development.
      18525 Firlands Way N, Shoreline, WA 98133
      View Details
    • Contact for pricing
      Pending

      Prime Mixed-Use Development Opportunity

      1.126-acre parcel zoned TC-3, ideal for mixed-use development.
      18525 Firlands Way N, Shoreline, WA 98133
      View Details
    • $2,950,000

      Seattle Multifamily Investment Opportunity

      16-unit multifamily property in Seattle with value-add potential.
      12536 Greenwood Ave, Seattle, WA 98133
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    Similar Nearby for Lease

    • Contact for pricing

      Shoreline Shopping Center Retail Space

      Retail space available in a busy Shoreline shopping center.
      15220 Aurora Ave N, Shoreline, WA 98133
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Shoreline, Washington.
      15515 Westminster Way N, Shoreline, WA 98133
      View Details
    • $20 SF/Yr
      1,993 SF

      Shoreline Office Space For Lease

      Office space for lease in Shoreline Aurora Village Medical Center.
      1151-1207 N 200Th St, Shoreline, WA 98133
      View Details
    • $4,883 /Mo
      1,542 SF

      Shoreline Medical/Dental Office Space

      Dental office with 4 ops, across from Costco.
      1515 200Th St, Shoreline, WA 98133
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    • $1,750 /Mo
      750 SF

      Retail Space on Aurora Avenue

      Retail space available on Aurora Avenue North with high traffic.
      10000 Aurora Ave N, Seattle, WA 98133
      View Details
    • $2,600 /Mo
      1,300 SF

      Aurora Avenue Retail Space Available

      Retail space with enclosed patio, suitable for cafe or bar.
      15544 Aurora Ave N, Shoreline, WA 98133
      View Details
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    1214 137Th St
    Seattle, WA 98133
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    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
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