Realmo Analytics

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Property profile

1607 Dexter Ave N Seattle, WA 98109

FOR LEASE
Office buildings
Property ID
US90-1419865
6,972 SF 0.12 ac lot Built 1912
Last sale Sep 2021 · $1,850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A small office suite totaling 527 square feet is located within a managed, well-maintained building. The suite includes a common area with a large kitchenette, two bathrooms, and a shower, and is configured for flexible occupancy suitable for office use as well as service-oriented retail concepts that benefit from shared amenities and straightforward tenant access. The building includes on-site property management and is maintained with building renovations having been completed at some point prior to the listing.

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 · 2022

What does the county charge?
$19k
Tax billed · 2022
Assessed value$2.27M
Assessed land$1.22M
Assessed improvement$1.06M
Effective rate0.86%

Value estimate

· Oct 2026
$1.49M
$1.34M – $1.64M
AI approach$1.57M
CAP approach$2.01M
Submarket $/SF estimate$1.78M
NOI build-up
Gross scheduled income$83k
Vacancy & credit loss−$19k
Operating expenses−$16k
NOI · 241,125.00% cap applied$48k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$409/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$227 – $743

Cap rate analysis

How does the asset earn?
241,125.00%
$48k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
NC3P-55 (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: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store11.0
Laundromat10.8
Pawn Shop9.9

Location

1607 Dexter Ave N Seattle, WA 98109
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
611 Pontius N, Seattle, WA 98109-5522 $2,500,000 Nov 2025 4,526 SF
817 5th N, Seattle, WA 98109-3907 $1,875,000 Mar 2025 7,360 SF
2120 1st N, Seattle, WA 98109-2301 $3,150,000 May 2024 13,320 SF
222 Dexter N, Seattle, WA 98109-5104 $171,957,614 Apr 2024 6,710 SF
557 Roy, Seattle, WA 98109-4219 $29,000,000 Jul 2022 6,820 SF
2476 Westlake N, Seattle, WA 98109-2263 $4,000,000 Dec 2021 4,277 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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