Property profile

1550 Olive Way Seattle, WA 98102

OFF-MARKET
Commercial real estate
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Property ID
US90-1046560
18,360 SF 0.35 ac Built 1924
Last sale Oct 2024·$5,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$78k
Tax billed · 2024
Assessed value · 2023$8.26M
Assessed land$8.26M
Assessed improvement$1k
Effective rate0.94%

Value estimate

· Nov 2026
$5.50M
$4.95M – $6.05M
AI approach$5.50M
CAP approach$3.73M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$506/SF
Submarket average, outlier-cleaned · 269 recorded sales of this use type
Observed band · Q1–Q3$213 – $957
Qualifying comparables6

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?
NC3P-75 (M)
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping distr...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat11.4
Laundry Service8.7
Pet Grooming Service7.5

Location

1550 Olive Way Seattle, WA 98102-5510
County assessor Recorded deeds · 3 transfers 6 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

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Seattle, WA 98102 $1,175,000 Jul 2024 No data
200 Garfield, Seattle, WA 98102-3131 $4,200,000 Mar 2024 No data
2240 Eastlake E, Seattle, WA 98102-3419 $1,000,000 Oct 2021 5,950 SF
422 11th E, Seattle, WA 98102-5498 $585,000 Jan 2019 15,054 SF
2371 Franklin E, Seattle, WA 98102-3665 $4,696,500 Jan 2019 11,604 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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