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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Parking lots & garages
1241 Eastlake E Ave Seattle, WA 98102-3702
Entity Owned
23-yr Hold
Free & Clear
Property ID
US90-1884638
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Construction
CONCRETE
Total area
53,060 SF
Lot
0.55 ac (23,815 SF)
Zoning code
IC-65 (M)
APN
286960-0135
UPID
US90-1884638
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
-
Steam Plant - Fred Hutch Cancer Center Medical Laboratory Historical Landmark
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Eastlake Avenue LLC · 23 yrs held
Eastlake Avenue LLC
since 2002
2 recorded transactions
Zoning & alternative use
IC-65 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes mixed uses, intended to promote development of businesses which incorporate a mix of industrial and commercial activities, including light manufacturing and research and development, while accommodating a wide range of other employment activities. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Industrial Commercial Mandatory Housing Affordability
General category
MIXED_USE
Zone area
128.77 ac
Source
Realmo
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
$38 / 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
$74,351
Tax year 2022
Assessed value
$8,692,400
Assessed 2022
Previous assessed
$8,692,400
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$8,692,400
Land market value
$8,692,400
Total market value
$8,692,400
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Construction
CONCRETE
Heating
NONE
Stories
3
Total area
53,060 SF
Lot
0.55 ac (23,815 SF)
Zoning code
IC-65 (M)
APN
286960-0135
UPID
US90-1884638
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IC-65 (M) · Seattle, WAZoning IC-65 (M) · permitted uses
IC-65 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes mixed uses, intended to promote development of businesses which incorporate a mix of industrial and commercial activities, including light manufacturing and research and development, while accommodating a wide range of other employment activities. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Industrial Commercial Mandatory Housing Affordability
General category
MIXED_USE
Zone area
128.77 ac
Source
Realmo
Building & site characteristics
From public records
Construction
CONCRETE
Heating
NONE
Stories
3
Lot
0.55 ac
Current owner
From public records · entity-resolved
Eastlake Avenue LLC
Entity
Free & Clear · 23 yrs held
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2002
$34,980
Eastlake Avenue LLC
Zymogenetics INC
Grant Deed
—
—
—
Are-1201/1208 Eastlake Avenue
—
Loan Modification
related
$111,024,025 · Miscellaneous Ins Co
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.
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