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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Manufacturing properties
1548 1st S Ave, Seattle, WA 98134-1402
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0912277
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Construction
CONCRETE
Total area
12,550 SF
Lot
0.24 ac (10,239 SF)
Zoning code
IC-85 (M)
APN
766620-6460
UPID
US90-0912277
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
-
Northwest Jerseys Textile Manufacturer Factory
-
SNEAPPERZ Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Yes The Mailroom Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Wsa Properties IV LLC · 14 yrs held
Wsa Properties IV LLC
since 2012
7 recorded transactions
Zoning & alternative use
IC-85 (M) · 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%
$1,895,000
6.5%
$1,750,000
7%
$1,625,000
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$115 / 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
$20,399
Tax year 2022
Assessed value
$2,272,900
Assessed 2022
Previous assessed
$2,272,900
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$2,047,800
Assessed improvement
$225,100
Land market value
$2,047,800
Improvement market value
$225,100
Total market value
$2,272,900
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
1970
Construction
CONCRETE
Heating
SPACE
Stories
1
Total area
12,550 SF
Lot
0.24 ac (10,239 SF)
Zoning code
IC-85 (M)
APN
766620-6460
UPID
US90-0912277
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IC-85 (M) · Seattle, WA
Zoning IC-85 (M) · permitted uses
IC-85 (M) · 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
1970
Construction
CONCRETE
Heating
SPACE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Wsa Properties IV LLC
Entity
Mailing address
1 MARKET ST STE #2625, SAN FRANCISCO, CA 94105-1417
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2019
—
Wsa Properties LLC
—
Loan Modification
related
$62,600,000 · Miscellaneous Ins Co
Sep 7, 2018
—
Wsa Properties LLC
—
Grant Deed
related
$60,000,000 · Miscellaneous Ins Co
Jun 1, 2012
$9,450,000
Wsa Properties IV LLC
Falconbridge Ents INC
Warranty Deed
—
Jan 24, 2002
$1,975,000
Falconbridge Enterprises INC
Fbc Properties LLC
Grant Deed
$1,800,000 · Bank Of America
Jan 4, 2000
—
Fbc Properties LLC
Berg Properties LLC
Quit Claim Deed
related
—
Dec 14, 1995
—
Berg Properties LLC
Berg Investment Co LP
Quit Claim Deed
related
—
—
—
Falconbridge Ents INC
—
Deed Of Trust
related
$400,000 · Bank Of America
—
—
Falconbridge Ents INC
—
Deed Of Trust
related
$350,000 · Bank Of America
—
—
Falconbridge Ents INC
—
Deed Of Trust
related
$700,000 · Bank Of America
—
—
Falconbridge Ents INC
—
Deed Of Trust
related
$200,000 · Bank Of America
—
—
Falconbridge Ents INC
—
Deed Of Trust
related
$300,000 · Bank Of America
—
—
Falconbridge Ents INC
—
Deed Of Trust
related
$2,200,000 · Puget Sound Bank
—
—
Drb LP
—
Deed Of Trust
related
$600,000 · Seafirst 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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