Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1520 Ballard Way Seattle, WA 98107-4711

    • Warehouses
    • 4,000 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1736676
    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

    • Steady Flux Inc / Mechanical Engineer / Architect

    Property Details for 1520 Ballard Way

    Year built
    1961
    Construction
    STEEL FRAME
    Lot size
    0.23 lot acres
    Property size
    4,000 SF
    Zone code
    IG2 U/65
    Property type
    Warehouses
    APN
    276770-2145
    APU
    2767702145

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.377
    Latitude
    47.6632
    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
    $14,493
    $1,550,000
    $1,000
    $1,551,000
    -
    $1,550,000
    $1,000
    $1,551,000

    Comparable in this City

    • Value Estimation
      $625,000
      6,020 SF

      5130 Leary NW Ave

      WAREHOUSE, STORAGE • 6,020 SF
      5130 Leary NW Ave, Seattle, WA 98107-4819
      View Details
    • Value Estimation
      $2,890,000
      22,282 SF

      4925 Leary NW Ave

      WAREHOUSE, STORAGE • 22,282 SF
      4925 Leary NW Ave, Seattle, WA 98107
      View Details
    • Value Estimation by Request
      4,599 SF

      4620 Leary NW Way

      WAREHOUSE, STORAGE • 4,599 SF
      4620 Leary NW Way, Seattle, WA 98107-4543
      View Details
    • Value Estimation
      $2,105,000
      16,300 SF

      5128 Russell NW Ave

      WAREHOUSE, STORAGE • 16,300 SF
      5128 Russell NW Ave, Seattle, WA 98107-3913
      View Details
    • Value Estimation by Request
      2,340 SF

      5219 Shilshole NW Ave

      WAREHOUSE, STORAGE • 2,340 SF
      5219 Shilshole NW Ave, Seattle, WA 98107-4833
      View Details
    • Value Estimation
      $2,075,000
      13,200 SF

      4616 14th NW Ave

      WAREHOUSE, STORAGE • 13,200 SF
      4616 14th NW Ave, Seattle, WA 98107-4620
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      52,500 SF

      Leary Way Warehouse with Crane

      22,400 SF warehouse with 10-ton crane near Leary Way.
      4203 9Th Ave NW, Seattle, WA 98107
      View Details
    • $14,200,000
      22,200 SF

      Marine Facility with Boat Storage

      Marine facility featuring boat storage, maintenance shop, and office space.
      5350 30Th Ave NW, Seattle, WA 98107
      View Details
    • $2,050,000

      Leary Way Industrial Investment

      Income-producing Ballard industrial property with redevelopment potential.
      1553 NW Leary Way, Seattle, WA 98107
      View Details
    • $18,250,000
      65,854 SF

      Ballard Warehouse and Storage Facility

      65,854 SF building in Ballard with redevelopment potential.
      5422 Shilshole Ave NW, Seattle, WA 98107
      View Details
    • $18,250,000
      65,854 SF

      Ballard Industrial Gem

      Prime Seattle location, high-value potential.
      5422 Ballard Ave, Seattle, WA 98107
      View Details
    • $2,450,000
      17,000 SF

      Ballard Fenced Yard for Sale

      17,000 SF secure yard space in Seattle's Ballard neighborhood.
      811 NW 47Th St, Seattle, WA 98107
      View Details

    Similar Nearby for Lease

    • $1.32 SF/Yr
      5,800 SF

      Remodeled Ballard Warehouse Space Available

      Recently remodeled 5,800 SF commercial warehouse space in Ballard.
      1520 A Ballard Ave NW, Seattle, WA 98107
      View Details
    • $1.50 SF/Yr
      23,486 SF

      Seattle Warehouse with Covered Shed

      Warehouse space with covered shed for lease in Seattle.
      1100 NW Leary Way, Seattle, WA 98107
      View Details
    • $1.35 SF/Yr
      11,410 SF

      Ballard Warehouse with Oversized Doors

      Warehouse space in Ballard with oversized doors, available February 2026.
      4776 Shilshole Ave NW, Seattle, WA 98107
      View Details
    • $20 SF/Yr
      5,145 SF

      Ballard Warehouse / Flex Space

      4,825 SF warehouse/flex space in the heart of Ballard.
      4918 Leary Ave NW, Seattle, WA 98107
      View Details
    • $20 SF/Yr
      15,132 SF

      Renton Flex Space Available

      Flex space featuring offices and warehouse in Renton, Washington.
      425-445 SW 41St St, Renton, WA 98107
      View Details
    • Contact for pricing
      4,335 SF

      Ballard Flex Space Available

      Flex/office/life science space in Ballard with flexible floorplates.
      1112 NW 52Nd St, Seattle, WA 98107
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1520 Ballard Way
    Seattle, WA 98107-4711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.