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Property profile & analytics
FOR LEASE
Warehouses
1255 Westlake Ave N, Seattle, WA 98109
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0987599
For Lease
$12 SF/Yr
1255 Westlake Ave N, Seattle, WA 98109
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,144 SF
Lot
0.38 ac (16,456 SF)
Zoning code
SM-SLU 100/65-145
APN
302504-9004
UPID
US90-0987599
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
-
Red Acorn Studio Photography Service (Bike/Boat/Book/etc) Store
-
Tool Chess (Bike/Boat/Book/etc) Store
-
Paperlily Photography Photography Service (Bike/Boat/Book/etc) Store
-
Miles Lewis, Artist Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
Caz LLC · 10 yrs held
Caz LLC
since 2016
7 recorded transactions
Zoning & alternative use
SM-SLU 100/65-145 · 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
$107 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$88,982
Tax year 2024
Assessed value
$9,051,800
Assessed 2023
Previous assessed
$9,051,800
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$9,050,800
Assessed improvement
$1,000
Land market value
$9,050,800
Improvement market value
$1,000
Total market value
$9,051,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
27,144 SF
Lot
0.38 ac (16,456 SF)
Zoning code
SM-SLU 100/65-145
APN
302504-9004
UPID
US90-0987599
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-SLU 100/65-145 · Seattle, WA
Zoning SM-SLU 100/65-145 · permitted uses
SM-SLU 100/65-145 · 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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Caz LLC
Entity
Mailing address
1300 DEXTER AVE N, SEATTLE, WA 98109-3571
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2016
—
Caz LLC
Zamberlin,colleen
Quit Claim Deed
related
—
Aug 20, 2013
—
Zamberlin,george S Trust
Zamberlin George S
Quit Claim Deed
related
—
—
—
Colleen Zamberlin
—
Deed Of Trust
related
$30,892 · City Bank
—
—
Colleen Zamberlin
—
Deed Of Trust
related
$600,000 · City Bank
—
—
Colleen Zamberlin
—
Deed Of Trust
related
$25,706 · City Bank
—
—
Colleen Zamberlin
—
Deed Of Trust
related
$82,070 · City Bank
—
—
Anthony D Zamberlin
—
Deed Of Trust
related
$281,098 · City Bank
—
—
Anthony D Zamberlin
—
Deed Of Trust
related
$500,000 · City Bank
—
—
Colleen Zamberlin
—
Deed Of Trust
related
$50,000 · City Bank
—
—
Colleen Zamberlin
—
Deed Of Trust
related
$48,960 · City Bank
—
—
Colleen Zamberlin
—
Deed Of Trust
related
$190,969 · City Bank
—
—
Colleen Zamberlin
—
Deed Of Trust
related
$44,989 · City 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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