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Property profile & analytics
OFF-MARKET
Estimated value
$4,200,000
Auto shops
1601 Eastlake E Ave Seattle, WA 98102-3708
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0963082
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1923
Construction
FRAME
Total area
10,553 SF
Lot
0.13 ac (5,600 SF)
Zoning code
MML U/45
APN
338390-0176
UPID
US90-0963082
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
-
Wilson & Hayes Inc Production Facility Metal Fabrication Plant
-
Terry's Custom Auto Works Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.20M
Owner & transaction history
Are Seattle No 54 LLC · 2 yrs held
Are Seattle No 54 LLC
since 2024
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
MML U/45 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+27.6%
Commercial (general)
$5.3M
+23.0%
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
$4,200,000
ML approach
$4,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,340,000
Current use
RESTAURANT
$5,540,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,340,000
Change: +23% · Conversion: Moderate
RETAIL STORES
$4,230,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,745,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$3,730,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$3,630,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10% · vs last sale $4.20M (Mar 14 2024)
Last sale anchor
$4.20M
Mar 14 2024
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
$398 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,650
Tax year 2024
Assessed value
$1,037,000
Assessed 2023
Previous assessed
$1,037,000
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,036,000
Assessed improvement
$1,000
Land market value
$1,036,000
Improvement market value
$1,000
Total market value
$1,037,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1923
Construction
FRAME
Heating
SPACE
Stories
1
Total area
10,553 SF
Lot
0.13 ac (5,600 SF)
Zoning code
MML U/45
APN
338390-0176
UPID
US90-0963082
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MML U/45 · Seattle, WA
Zoning MML U/45 · permitted uses
MML U/45 · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.3M
RESTAURANT
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.3M
RETAIL STORES
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1923
Construction
FRAME
Heating
SPACE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Are Seattle No 54 LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
$4,200,000
Are Seattle No 54 LLC
David D Reid
Special Warranty Deed
—
Apr 22, 2022
—
David Reid
—
Deed
related
$852,000 · Wadot Capital INC
Oct 7, 2020
—
David D Reid
—
Deed
related
$677,000 · Wadot Capital INC
Jan 16, 2020
—
Hayes,isabelle Trust
—
Deed
related
$1,500,000 · Wadot Cap
Jun 27, 2016
—
Genevieve M Reid
—
Deed
related
$425,422 · Equity Network Two INC
—
—
Hayes Isabelle L Trust
—
Deed Of Trust
related
$72,300 · Gregory B Murray
—
—
Hayes Isabelle Trust
—
Deed Of Trust
related
$76,000 · Gregory B Murray
—
—
Hayes,isabelle Trust
—
Deed Of Trust
related
$1,500,000 · Wadot Cap
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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