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Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Banks
1600 Eastlake E Ave Seattle, WA 98102-3709
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1384816
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2001
Construction
WOOD
Total area
4,152 SF
Lot
0.31 ac (13,308 SF)
Zoning code
C1-75 (M)
APN
338390-0232
UPID
US90-1384816
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
-
The Victor Tavern - Eastlake Restaurant
-
SP+ Parking Parking Lot & Garage
-
1600 Eastlake Avenue East Lot - Park Seattle Parking Lot & Garage
-
Discount Tire Repair Parts General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$5.05M
Owner & transaction history
ARE SEATTLE NO 36 LLC · 6 yrs held
ARE SEATTLE NO 36 LLC
since 2020
Last sale
$5.1M
1 recorded transaction
Zoning & alternative use
C1-75 (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
$4,980,000
ML approach
$4,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±10% · vs last sale $5.13M (Mar 2 2020)
Last sale anchor
$5.13M
Mar 2 2020
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
$1,216 / 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
$29,543
Tax year 2022
Assessed value
$3,328,000
Assessed 2022
Previous assessed
$3,328,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$3,327,000
Assessed improvement
$1,000
Land market value
$3,327,000
Improvement market value
$1,000
Total market value
$3,328,000
Applied tax rate
13.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
4,152 SF
Lot
0.31 ac (13,308 SF)
Zoning code
C1-75 (M)
APN
338390-0232
UPID
US90-1384816
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-75 (M) · Seattle, WA
Zoning C1-75 (M) · permitted uses
C1-75 (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
2001
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
ARE SEATTLE NO 36 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
26 N EUCLID AVE, PASADENA, CA 91101-1961
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
$5,125,000
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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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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