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Property profile & analytics
FOR LEASE
Office buildings
1225 S Weller St, Seattle, WA 98144
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0839374
For Lease
$15 SF/Yr
1225 S Weller St, Seattle, WA 98144
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
70,332 SF
Lot
0.62 ac (26,850 SF)
Zoning code
DMC 85/75-170
APN
817010-0455
UPID
US90-0839374
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
BrightSpark Early Learning Services Charitable Organization Social Service Agency
-
Marpac Construction LLC Construction Company
-
Edge Developers General Contractor
-
Mar Properties LLC Real Estate Agency
-
Latino Community Fund of Washington State Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.71M
Owner & transaction history
1225 Mar LLC · 8 yrs held
1225 Mar LLC
since 2018
5 recorded transactions
Zoning & alternative use
DMC 85/75-170 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$138 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$109,956
Tax year 2022
Assessed value
$13,018,900
Assessed 2022
Previous assessed
$13,018,900
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$6,041,200
Assessed improvement
$6,977,700
Land market value
$6,041,200
Improvement market value
$6,977,700
Total market value
$13,018,900
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
5
Total area
70,332 SF
Lot
0.62 ac (26,850 SF)
Zoning code
DMC 85/75-170
APN
817010-0455
UPID
US90-0839374
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC 85/75-170 · Seattle, WA
Zoning DMC 85/75-170 · permitted uses
DMC 85/75-170 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
5
Lot
0.62 ac
Current owner
From public records · entity-resolved
1225 Mar LLC
Entity
Mailing address
1225 S WELLER ST #550, SEATTLE, WA 98144-1905
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2018
—
1225 Mar LLC
D&e Mar LLC
Quit Claim Deed
related
$4,500,000 · Morgan Stanley Bank NA
Jul 15, 2014
—
D & E Mar LLC
Mar Properties LLC
Quit Claim Deed
—
Oct 30, 2000
—
Mar Properties LLC
—
Grant Deed
related
$5,700,000 · Washington Mutual Fsb
Aug 11, 2000
—
Mar Properties LLC
Dan & Edith Mar Family LP
Quit Claim Deed
related
—
—
—
Mar Properties LLC
—
Deed Of Trust
related
$4,300,000 · Columbia State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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