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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Parking lots & garages
133 1st N Ave, Seattle, WA 98109-4902
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1874434
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.17 ac (7,240 SF)
Zoning code
SM-UP 85 (M)
APN
198920-1315
UPID
US90-1874434
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
$2.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
51 02503 LLC · 1 yrs held
51 02503 LLC
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
SM-UP 85 (M) · 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
Method
Estimation
Statistic approach
$2,890,000
ML approach
$2,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $2.50M (Jul 1 2025)
Last sale anchor
$2.50M
Jul 1 2025
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
—
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
$30,772
Tax year 2022
Assessed value
$3,620,000
Assessed 2022
Previous assessed
$3,620,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$3,620,000
Land market value
$3,620,000
Total market value
$3,620,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.17 ac (7,240 SF)
Zoning code
SM-UP 85 (M)
APN
198920-1315
UPID
US90-1874434
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-UP 85 (M) · Seattle, WA
Zoning SM-UP 85 (M) · permitted uses
SM-UP 85 (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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
51 02503 LLC
Entity
Mailing address
1000 2ND AVE STE #1800, SEATTLE, WA 98104-3619
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2025
—
51 02503 LLC
—
Deed
related
$1,200,000 · Washington Trust Bank
Jul 1, 2025
$2,500,000
51 02503 LLC
J Fanelli Properties LLC
Deed
—
Jul 16, 2018
—
Selig R & E Hldgs Xxxiii LLC
—
Deed
related
—
Dec 10, 2008
—
Selig R/e Holdings Xxxiii LLC
Selig,martin
Quit Claim Deed
related
—
Oct 17, 2003
—
Martin Selig
—
Deed Of Trust
related
$2,550,000 · Avatar Income Fund I LLC
Mar 25, 2003
—
Real Estate Holdings Ten Selig
—
Deed Of Trust
related
$2,000,000 · Olympic Coast Investment INC
Oct 4, 2002
—
Real Estae Holdings Ten Selig
—
Deed Of Trust
related
$1,175,000 · Olympic Coast Investment INC
Jul 2, 2002
—
Martin Selig
—
Deed Of Trust
related
$1,000,000 · Olympic Coast Investment INC
Dec 5, 2001
—
Real Estate Holdings One Selig
—
Deed Of Trust
related
$2,057,000 · Centrum Financial Services INC
Nov 2, 2001
—
Real Estate Holdings One Selig
—
Deed Of Trust
related
$3,500,000 · Centrum Financial Services INC
—
—
Martin Selig
—
Deed Of Trust
related
$350,000 · William R & Beverly M Bingham
—
—
Martin Selig
—
Deed Of Trust
related
$240,000 · Frontier Bank
—
—
Selig R & E Hldgs Xxxiii LLC
—
Loan Modification
related
—
—
—
Martin Selig
—
Deed Of Trust
related
$400,000 · Centrum Financial Services INC
—
—
Selig R & E Holdings Xxxiii LLC
—
Deed Of Trust
related
$1,000,000 · Abc-pacific Corp
—
—
Real Estate Holdings One Selig
—
Deed Of Trust
related
$900,000 · Centrum Financial Services INC
—
—
Martin Selig
—
Deed Of Trust
related
—
—
—
Selig R/e Holdings Xxxiii LLC
—
Deed Of Trust
related
$1,500,000 · Alan J Chaffee
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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