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Property profile & analytics
FOR LEASE
Manufacturing properties
1314 E Union St, Seattle, WA 98122
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1684000
For Lease
$5,785,000
1314 E Union St, Seattle, WA 98122
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Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,729 SF
Lot
0.27 ac (11,664 SF)
Zoning code
NC3-75 (M)
APN
386540-0030
UPID
US90-1684000
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$5.79M
Owner & transaction history
14th And E Union LLC · 3 yrs held
14th And E Union LLC
since 2022
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.0M
+96.9%
Restaurant
$5.6M
+85.8%
Auto repair, garage
$4.4M
+45.6%
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
Method
Estimation
Statistic approach
$5,515,000
ML approach
$5,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,970,000
Change: +97% · Conversion: Difficult
RESTAURANT
$5,630,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,415,000
Change: +46% · Conversion: Easy
RETAIL STORES
$4,300,000
Change: +42% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,805,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$3,790,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$3,690,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$5.79M
Range $5.21M – $6.36M · ±10% · vs last sale $6.79M (Nov 8 2022)
Last sale anchor
$6.79M
Nov 8 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$539 / 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
$40,575
Tax year 2022
Assessed value
$4,724,900
Assessed 2022
Previous assessed
$4,724,900
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$4,723,900
Assessed improvement
$1,000
Land market value
$4,723,900
Improvement market value
$1,000
Total market value
$4,724,900
Applied tax rate
10.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
10,729 SF
Lot
0.27 ac (11,664 SF)
Zoning code
NC3-75 (M)
APN
386540-0030
UPID
US90-1684000
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Zoning NC3-75 (M) · permitted uses
NC3-75 (M) · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.0M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
14th And E Union LLC
Entity
Mailing address
2026 1ST AVE STE 700TH SEATTLE
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2022
$6,791,392
14th And E Union LLC
Kimberly Pasciuto
Bargain And Sale Deed
$2,050,000 · Hal Lender LLC
Dec 9, 2021
—
Euclid Real Estate LLC
Kimberly Pasciuto
Agreement Of Sale
—
Dec 23, 2003
—
Pasciuto,tr
Pasciuto,kimberly & Ciro
Quit Claim Deed
related
—
Dec 23, 1994
$409,000
Ciro Pasciuto
Schrempp,theresa
Grant Deed
$291,750 · King County Clerk Of The Court
Jun 23, 1992
$30,000
Robert D Mcmahon
Mcmahon,wynne
Grant Deed
related
$60,000 · Seller
Mar 30, 1990
$156,000
Amin M Dosani
Tottler
Grant Deed
$146,600 · Seller
Mar 29, 1990
$156,000
Amin M Dosani
Tottler,p H
Grant Deed
$146,000 · Tottler P H
—
—
Ciro Pasciuto
—
Deed Of Trust
related
$306,750 · First Interstate Bank Washingt
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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