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Property profile & analytics
OFF-MARKET
Estimated value
$22,105,000
Office buildings
1400 5th Ave Seattle, WA 98101-2314
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1203967
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
CONCRETE
Total area
135,918 SF
Lot
0.32 ac (13,800 SF)
Zoning code
DRC 85-170
APN
197570-0095
UPID
US90-1203967
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.11M
Owner & transaction history
Logan Building LLC · 13 yrs held
Logan Building LLC
since 2013
7 recorded transactions
Zoning & alternative use
DRC 85-170 · 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
$163 / 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
$366,676
Tax year 2022
Assessed value
$44,841,000
Assessed 2022
Previous assessed
$44,841,000
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$12,075,000
Assessed improvement
$32,766,000
Land market value
$12,075,000
Improvement market value
$32,766,000
Total market value
$44,841,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1958
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
10
Total area
135,918 SF
Lot
0.32 ac (13,800 SF)
Zoning code
DRC 85-170
APN
197570-0095
UPID
US90-1203967
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DRC 85-170 · Seattle, WA
Zoning DRC 85-170 · permitted uses
DRC 85-170 · 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
1958
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
10
Lot
0.32 ac
Current owner
From public records · entity-resolved
Logan Building LLC
Entity
Mailing address
1215 4TH AVE STE #600, SEATTLE, WA 98161-1084
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2023
—
Logan Building LLC
—
Deed
related
$27,500,000 · Rga Americas Investments LLC
Dec 27, 2019
—
Logan Building LLC
—
Deed
related
$9,000,000 · North American Co For Life & H
May 22, 2019
—
Logan Building LLC
—
Deed
related
$18,500,000 · North American Co For Life & H
Feb 14, 2013
$28,238,000
Logan Building LLC
Smre Logan LLC
Grant Deed
$18,500,000 · North American Co/life & Healt
Feb 14, 2013
—
Smre 1411 LLC
—
Deed Of Trust
related
$30,000,000 · J P Morgan Chase Bank
Jul 31, 2012
—
Smre Logan LLC
Harbor Properties INC
Warranty Deed
—
Nov 24, 1999
—
Harbor Properties INC
—
Deed Of Trust
related
$26,065,048 · Harbor Properties Funding Corp
Apr 8, 1997
—
Harbor Properties INC
—
Deed Of Trust
related
$17,500,000 · Harbor Properties Funding Corp
—
—
Logan Building LLC
—
Deed Of Trust
related
$18,500,000 · North American Co For Life & H
—
—
Logan Building LLC
—
Deed Of Trust
related
$9,000,000 · North American Co For Life & H
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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