Technical
Financial
Distress signals
Property profile

1224 Madison St Seattle, WA 98104

OFF-MARKET
Banks
Property ID
US90-1693202
8,480 SF 0.33 ac lot Built 1924
Entity Owned 33-yr Hold Free & Clear
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1924
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,480 SF
Lot 0.33 ac (14,400 SF)
Zoning code NC3P-200 (M)
APN 197820-0730
UPID US90-1693202

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
  • Atm
  • Bank Loan Service

Location

1224 Madison St Seattle, WA 98104-1337
Seattle metro Census 8401 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
$881k
Blend (final) Blend
$645k

Owner & transaction history

since 1993
1 recorded transaction
1993
Price N/A

Zoning & alternative use

NC3P-200 (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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