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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1425 93rd St Seattle, WA 98108-5107

    • Warehouses
    • 9,000 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $1,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1229695
    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

    • Frog Hollow Corporation / Auto Repair Shop

    Property Details for 1425 93rd St

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    0.59 lot acres
    Property size
    9,000 SF
    Zone code
    I
    Property type
    Warehouses
    APN
    000160-0042
    APU
    1600042

    Description

    This exceptional 9,131-square-foot industrial warehouse, located at 1425 S 93rd St in Seattle's Boulevard Park, offers a unique blend of functionality and accessibility. Situated in King County (APN 000160-0042) and zoned I - Heavy Industrial, this single-tenant property is perfect for a variety of industrial operations. The building boasts a 21-foot clear height, providing ample vertical space for storage and operations. Four grade-level roll-up doors ensure efficient loading and unloading, while the fenced outdoor storage area offers additional space for materials or equipment. Power is provided by a three-phase, 600-amp electrical service. The property's strategic location offers unbeatable access to major transportation arteries. It enjoys easy freeway access via SR-599 to I-5, significantly reducing commute times and transportation costs. Furthermore, its proximity to Seattle-Tacoma International Airport (a mere 10-minute drive) provides a significant advantage for businesses with frequent air freight needs. The location just outside Seattle city limits offers the added benefit of avoiding Business and Occupancy Tax. This property presents a compelling opportunity for businesses seeking a well-equipped, strategically located industrial space in the thriving Seattle market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,650,000
      6.5%
      $1,520,000
      7%
      $1,415,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.314
    Latitude
    47.52
    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
    $19,342
    $1,020,000
    $818,200
    $1,838,200
    -
    $1,020,000
    $818,200
    $1,838,200

    Comparable in this City

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      View Details
    • Value Estimation
      $4,030,000
      29,380 SF

      1001 Myrtle St

      WAREHOUSE, STORAGE • 29,380 SF
      1001 Myrtle St, Seattle, WA 98108-3527
      View Details
    • Value Estimation
      $2,245,000
      20,640 SF

      8135 1st S Ave

      WAREHOUSE, STORAGE • 20,640 SF
      8135 1st S Ave, Seattle, WA 98108-4202
      View Details
    • Value Estimation
      $2,080,000
      20,400 SF

      8620 16th S Ave

      WAREHOUSE, STORAGE • 20,400 SF
      8620 16th S Ave, Seattle, WA 98108-4816
      View Details
    • Value Estimation
      $3,140,000
      31,600 SF

      9125 10th S Ave

      WAREHOUSE, STORAGE • 31,600 SF
      9125 10th S Ave, Seattle, WA 98108-4612
      View Details
    • Value Estimation
      $2,300,000
      8,008 SF

      5215 5th S Ave

      WAREHOUSE, STORAGE • 8,008 SF
      5215 5th S Ave, Seattle, WA 98108-2221
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      55,700 SF

      Georgetown Office/Warehouse Space

      24,000 SF office/warehouse space in Seattle's Georgetown neighborhood.
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      Georgetown Warehouse with Highway Access

      Warehouse building with great access to I-5, I-90, and Hwy 99/509.
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      Georgetown Warehouse with Divisible Space

      19,345 SF warehouse divisible into three units with offices.
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    • $2,250,000
      6,500 SF

      Seattle Warehouse Space Available

      6,500 SF warehouse space for sale in Seattle.
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      View Details
    • $1,400,000
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      Georgetown Two-Story Commercial Building

      Two-story commercial building in Georgetown with parking and freeway access.
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    • $5,510,000
      23,281 SF

      Seattle Warehouse on 1.26 Acres

      23,281 SF warehouse on 1.26 acres near logistics routes.
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      View Details

    Similar Nearby for Lease

    • $1.40 SF/Yr
      11,800 SF

      Warehouse Space Near Airport Way

      5,276 SF warehouse space with office near I-5.
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      View Details
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      Industrial Space Available For Lease

      Industrial spaces for lease with office components in Seattle.
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    • Contact for pricing
      14,080 SF

      South Seattle Warehouse with Visibility

      Remodeled 14,080 SF warehouse with office space in Seattle.
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    • $0.36 SF/Yr
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      Industrial and Dead Storage Space

      Affordable industrial and dead storage space near downtown Seattle.
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      View Details
    • $1.20 SF/Yr
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      Fremont Freestanding Office, Warehouse, Lab

      Divisible office, warehouse, and lab building with great views.
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      View Details
    • Contact for pricing
      12,240 SF

      Industrial Space with Fenced Yard

      12,240 SF industrial space with office and fenced yard.
      7501 2Nd Ave S, Seattle, WA 98108
      View Details
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    Seattle, WA 98108-5107
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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