Financial
Distress signals
Property profile

1500 Leary Way Seattle, WA 98107

OFF-MARKET
Distribution centers
Property ID
US90-0658714
7,744 SF 0.32 ac lot Built 1964
Last sale Dec 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 23-yr Hold Held for 23 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of a 7,842 SF commercial building situated on a 0.32-acre site and configured with an open layout that includes both retail and warehouse space. It has frontage on 15th Ave NW (a primary north-south arterial) and NW Leary Way, and includes 13 parking stalls. The site is located within a commercial corridor in the surrounding area of established national and regional tenants. The property is zoned IC-65 (M), which permits a broad range of industrial, commercial, retail,

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$21k
Tax billed · 2022
Assessed value$2.28M
Assessed land$2.28M
Assessed improvement$1k
Effective rate0.93%

Value estimate

· Sep 2026
$1.23M
$1.11M – $1.35M
CAP approach$1.31M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$295/SF
Submarket average, outlier-cleaned · 209 recorded sales of this use type
Observed band · Q1–Q3$181 – $456
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IC-65 (M)
This district promotes mixed uses, intended to promote development of businesses which incorporate a mix of industrial and commercial act...
General categoryMIXED_USE
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store11.3
Pet Grooming Service11.3
Laundry Service11.1

Location

1500 Leary Way Seattle, WA 98107-4739
County assessor Recorded deeds · 7 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 16 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3931 Leary NW, Seattle, WA 98107-5043 $4,300,000 Jan 2025 16,338 SF
1400 53rd, Seattle, WA 98107-3737 $2,000,000 Aug 2021 4,850 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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