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Property profile & analytics
FOR LEASE
Investment properties
1701 Northwest 56Th St Seattle, WA 98107
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0419570
For Lease
1 / 5
$26 SF/Yr
1701 Northwest 56Th St, Seattle, WA 98107
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1944
Total area
1,292 SF
Lot
0.1 ac (4,497 SF)
Zoning code
NC3P-95 (M)
APN
276770-0785
UPID
US90-0419570
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
-
Valdok Apartments Real Estate Agency
-
Cozy Box Treats Bakery Take-out & Catering
-
Suerte Coffee Cafe & Coffee Shop Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lmv 1701 Ballard Holdings LLC · 10 yrs held
Lmv 1701 Ballard Holdings LLC
since 2016
7 recorded transactions
Zoning & alternative use
NC3P-95 (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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,160
Tax year 2022
Assessed value
$1,798,800
Assessed 2022
Previous assessed
$1,798,800
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,798,800
Land market value
$1,798,800
Total market value
$1,798,800
Applied tax rate
10.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1944
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
1,292 SF
Lot
0.1 ac (4,497 SF)
Zoning code
NC3P-95 (M)
APN
276770-0785
UPID
US90-0419570
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-95 (M) · Seattle, WA
Zoning NC3P-95 (M) · permitted uses
NC3P-95 (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
1944
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Lmv 1701 Ballard Holdings LLC
Entity
Mailing address
95 ENTERPRISE STE #200, ALISO VIEJO, CA 92656-2611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
—
Kre Catalyst Valdok I Owner LLC
—
Deed
related
$239,760,000 · Forethought Life Insurance Company
Sep 5, 2019
—
Lmv 1701 Ballard Holdings LLC
—
Deed
related
$48,000,000 · Suntrust Bank
Jul 18, 2016
—
Lmv 1701 Ballard Holdings LLC
—
Deed
related
$32,080,703 · Citizens Bank NA
Jan 6, 2016
$3,500,000
Lmv 1701 Ballard Holdings LLC
Valdok Bjorn L Trust
Grant Deed
—
Jan 6, 2016
—
Valdok,bjorn L Trust
Valdok Bjorn L
Quit Claim Deed
related
—
—
—
Randi B Valdok
—
Deed Of Trust
related
$160,000 · Lennar Multifamily Cmntys LLC
—
—
Randi B Valdok
—
Deed Of Trust
related
$320,000 · Lennar Multifamily Cmntys LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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