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    12833 Martin Luther King Jr S Way Seattle, WA 98178-3513

    • Investment properties
    • 3,780 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $2,205,000
    Last Sale
    Nov 01, 2023
    $2,220,000
    Location Intelligence
    Property ID
    US90-0682598
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Have a Heart / Cannabis Store / Herb Shop

    Property Details for 12833 Martin Luther King Jr S Way

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Property size
    3,780 SF
    Zone code
    NBP
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    217200-0665
    APU
    2172000665

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,220,000
      6.5%
      $2,140,000
      7%
      $2,370,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,405,000
      Geo Method
      $1,975,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,115,000
      Retail
      $2,320,000
      Mixed-Use
      $1,895,000
      Hospitality
      $1,835,000
      Educational
      $2,110,000
      Residential Income
      $2,230,000
      Energy
      $2,325,000
      Income-Based Land
      $2,415,000
      Food Service
      $2,145,000

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.259
    Latitude
    47.4876
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $29,635
    $370,400
    $877,000
    $1,247,400
    -
    $370,400
    $877,000
    $1,247,400

    Comparable in this City

    • Value Estimation by Request
      4,908 SF

      11449 Rainier S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,908 SF
      11449 Rainier S Ave, Seattle, WA 98178-3954
      View Details
    • Value Estimation by Request
      4,488 SF

      11441 Rainier S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,488 SF
      11441 Rainier S Ave, Seattle, WA 98178-3939
      View Details
    • Value Estimation by Request
      6,440 SF

      11427 Rainier S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,440 SF
      11427 Rainier S Ave, Seattle, WA 98178-3954
      View Details
    • Value Estimation by Request
      5,850 SF

      7418 126th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,850 SF
      7418 126th St, Seattle, WA 98178-4350
      View Details
    • Value Estimation
      $515,000
      1,500 SF

      12727 Renton S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,500 SF
      12727 Renton S Ave, Seattle, WA 98178-4847
      View Details
    • Value Estimation by Request
      4,030 SF

      11537 Rainier S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,030 SF
      11537 Rainier S Ave, Seattle, WA 98178-3984
      View Details

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    12833 Martin Luther King Jr S Way
    Seattle, WA 98178-3513
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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