Property profile

1221 Madison St Seattle, WA 98122

OFF-MARKET
Bars & Pubs
Property ID
US90-0197449
1,224 SF 0.07 ac lot Built 1941
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1941
Construction WOOD
Total area 1,224 SF
Lot 0.07 ac (3,000 SF)
Zoning code NC3P-75 (M)
APN 600300-0095
UPID US90-0197449

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Property Management Company
  • Physician
  • Medical Clinic Hospital
  • Medical Clinic Hospital
  • Medical Clinic

Location

1221 Madison St Seattle, WA 98122-3913
Seattle metro Census 7503 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2022
Last sale
$418,000
4 recorded transactions
2022
Price N/A
2009
$418,000
2004
$200,000
2001
Price N/A

Zoning & alternative use

NC3P-75 (M) · Seattle, WA
Zoning description

The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or r…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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