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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Manufacturing properties
1406 53rd St, Seattle, WA 98107-3731
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-3251638
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Construction
WOOD
Total area
5,306 SF
Lot
0.11 ac (5,000 SF)
Zoning code
IG2 U/65
APN
276830-0465
UPID
US90-3251638
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
-
Revel Body Industrial Manufacturer Production Facility
-
Distant West Brewing Company Production Facility Brewery & Distillery
-
Luminous Works Vocational School Training Center
-
We Are Unicorns Advertising Agency Marketing & Advertising
-
Lou Cuevas Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Louis S Cuevas · 20 yrs held
Louis S Cuevas
since 2006
7 recorded transactions
Zoning & alternative use
IG2 U/65 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$800,000
6.5%
$740,000
7%
$685,000
Blend value · Realmo final
$690k
Range $621k – $759k · ±10%
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
$130 / 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
$12,436
Tax year 2022
Assessed value
$1,413,500
Assessed 2022
Previous assessed
$1,413,500
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$775,000
Assessed improvement
$638,500
Land market value
$775,000
Improvement market value
$638,500
Total market value
$1,413,500
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
Off-Market
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
5,306 SF
Lot
0.11 ac (5,000 SF)
Zoning code
IG2 U/65
APN
276830-0465
UPID
US90-3251638
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG2 U/65 · Seattle, WA
Zoning IG2 U/65 · permitted uses
IG2 U/65 · 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
2000
Construction
WOOD
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Louis S Cuevas
Individual
Mailing address
2444 3RD AVE W, SEATTLE, WA 98119-2631
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2006
$1,575,000
Louis S Cuevas
Jerome Francis Wilson
Bargain And Sale Deed
$1,102,000 · Lehman Brothers Bank Fsb
Dec 23, 1998
—
Jerome F Wilson
—
Grant Deed
related
$50,000 · Fremont First National Bank
Sep 22, 1998
—
Jerome F Wilson
—
Grant Deed
related
$115,555 · Northstar Bank
Nov 14, 1997
$133,000
Wilson,jerome F & Barbara D
Traverso,frank & Graziella
Trustees Deed
$66,500 · Washington Federal Savings
—
—
Louis S Cuevas
—
Deed Of Trust
related
$817,000 · Boeing Emps Cu
—
—
Jerome F Wilson
—
Deed Of Trust
related
$400,000 · Us Bank NA
—
—
Jerome F Wilson
—
Deed Of Trust
related
$100,000 · Northstar Bank
—
—
Jerome F Wilson
—
Deed Of Trust
related
$40,000 · Northstar Bank
—
—
Jerome F Wilson
—
Deed Of Trust
related
$420,000 · Northwest 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.
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