Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1622 Queen Anne N Ave Seattle, WA 98109-2880

    • Retail space
    • 4,080 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2020
    $1,500,000
    Value Estimations
    $1,505,000
    Show details
    Cap Rate Potential
    3.3%
    Retail space
    Location Intelligence
    Property ID
    US90-1291432
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Sweat Studios / Gym & Fitness Center
    • Top Knot Hair Lounge / Hair Salon
    • QA Marketplace / Shopping Center & Mall
    • 5 Blossom Place / Community Center
    • Tru•Allure Beauty & Skin Lounge / Spa & Massage Center

    Property Details for 1622 Queen Anne N Ave

    Year built
    1907
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    4,080 SF
    Zone code
    NC2P-55 (M)
    Property type
    Retail space
    APN
    423290-1285
    APU
    4232901285

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,860,000
      ML approach
      $1,735,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,015,000
      6.5%
      $935,000
      7%
      $870,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,635,000
      Current use
      COMMERCIAL (GENERAL)
      $2,065,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,680,000
      Change: +3% Conversion: Difficult
      OFFICE BUILDING
      $1,670,000
      Change: +2% Conversion: Easy
      MEDICAL BUILDING
      $1,405,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.357
    Latitude
    47.6343
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $22,246
    $1,050,000
    $184,400
    $1,234,400
    -
    $1,050,000
    $184,400
    $1,234,400

    Comparable in this City

    • Value Estimation by Request

      225 Roy St

      Restaurants
      225 Roy St, Seattle, WA 98109
      View Details
    • Value Estimation
      $1,005,000
      6,000 SF

      522 Queen Anne N Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      522 Queen Anne N Ave, Seattle, WA 98109-4520
      View Details
    • Value Estimation
      $3,115,000
      15,873 SF

      901 Harrison St

      RETAIL STORES (PERSONAL SERVICES) • 15,873 SF
      901 Harrison St, Seattle, WA 98109-5202
      View Details
    • Value Estimation
      $11,780,000
      48,808 SF

      400 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 48,808 SF
      400 Broad St, Seattle, WA 98109-4607
      View Details
    • Value Estimation
      $1,025,000
      8,023 SF

      15 Nickerson St

      RETAIL STORES (PERSONAL SERVICES) • 8,023 SF
      15 Nickerson St, Seattle, WA 98109-7702
      View Details
    • Value Estimation by Request
      1,650 SF

      1121 Dexter N Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,650 SF
      1121 Dexter N Ave, Seattle, WA 98109-3517
      View Details

    Similar Nearby for Sale

    • $1,740,000

      Retail Property Near Downtown Seattle

      Retail property with redevelopment potential near I-5 and Highway 99.
      2749-2751 4Th Ave S, Seattle, WA 98109
      View Details
    • $1,890,000
      2,114 SF

      SoDo Retail Building For Sale

      Visible SoDo location with long-standing tenants and free parking.
      3401-3405 4Th Ave S, Seattle, WA 98109
      View Details
    • $3,800,000

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with high-rise redevelopment potential.
      2200-2204 1St Ave, Seattle, WA 98109
      View Details
    • Contact for pricing

      Seattle Retail Property For Sale

      Retail property available for sale in Seattle, Washington.
      434 Queen Anne Ave N, Seattle, WA 98109
      View Details
    • $1,750,000
      4,050 SF

      South Lake Union Development Opportunity

      Mixed-use development opportunity in the heart of South Lake Union.
      1175 Harrison St, Seattle, WA 98109
      View Details
    • $975,000

      Queen Anne Development Opportunity

      Prime corner lot with development potential in Queen Anne location.
      801 15Th St, Seattle, WA 98109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,580 SF

      Eastlake Retail Space Available

      Retail space beneath iconic Eastlake Zoo Tavern available for lease.
      112 E Lynn St, Seattle, WA 98109
      View Details
    • $2,000,000
      3,535 SF

      Prime Retail Space Available

      Retail space available for rent in Seattle, WA.
      207-211 2Nd Ave S, Seattle, WA 98109
      View Details
    • Contact for pricing
      3,550 SF

      Retail Space Available For Rent

      3,550 SF retail space available for rent.
      223 Taylor Ave N, Seattle, WA 98109
      View Details
    • Contact for pricing
      709 SF

      New Retail Space in Seattle

      New construction retail space near Fremont Bridge, available mid-2025.
      2955 4Th Ave N, Seattle, WA 98109
      View Details
    • $841,500
      2,033 SF

      Prime Retail Space Near Market

      Retail space with high foot traffic near Pike Place Market.
      2000-2004 1St Ave, Seattle, WA 98109
      View Details
    • $22 SF/Yr
      7,279 SF

      Pioneer Square Retail/Office Space

      Retail or office space in the Pioneer Square district.
      220-240 2Nd Ave S, Seattle, WA 98109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1622 Queen Anne N Ave
    Seattle, WA 98109-2880
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.