Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1920 Terry Ave Seattle, WA 98101-1425
    Back to Search
    Property profile & analytics

    1920 Terry Ave Seattle, WA 98101-1425

    View on Map
    • Life science properties
    • 512,883 SF
    • 0.33 lot acres
    Off-Market
    Property ID
    US90-0032639
    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.
    Value Estimations
    $2,000,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Seattle Children's Research Institute: B. Wayne Hughes Building / Medical Laboratory
    • ChargePoint Charging Station / Electric Vehicle Charging Station

    Property Details for 1920 Terry Ave

    Year built
    2019
    Construction
    STEEL FRAME
    Lot size
    0.33 lot acres
    Property size
    512,883 SF
    Zone code
    DMC 340/290-440
    Property type
    Life science properties
    APN
    066000-1525
    APU
    660001525

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.334
    Latitude
    47.6169
    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
    2023
    $3,096,364
    $7,582,700
    $160,735,200
    $168,317,900
    -
    $7,582,700
    $160,735,200
    $168,317,900

    Comparable in this City

    • Value Estimation by Request
      66,588 SF

      1100 Olive Way

      R&D FACILITY, LABS, PHARMA • 66,588 SF
      1100 Olive Way, Seattle, WA 98101-1873
      View Details
    • Value Estimation
      $875,000
      299,070 SF

      1900 9th Ave

      R&D FACILITY, LABS, PHARMA • 299,070 SF
      1900 9th Ave, Seattle, WA 98101-1304
      View Details
    • Value Estimation
      $1,205,000
      206,950 SF

      1201 9th Ave

      R&D FACILITY, LABS, PHARMA • 206,950 SF
      1201 9th Ave, Seattle, WA 98101-2795
      View Details
    • Value Estimation
      $9,800,000
      95,330 SF

      1334 Alaskan Way

      MINI-WAREHOUSE, STORAGE • 95,330 SF
      1334 Alaskan Way, Seattle, WA 98101-2097
      View Details
    • Value Estimation by Request
      2.84 Acres

      Seattle, WA 98101

      BUS TERMINAL • 2.84 Acres
      Seattle, WA 98101
      View Details
    • Value Estimation
      $1,505,000
      16,600 SF

      1400 Alaskan Way

      WAREHOUSE, STORAGE • 16,600 SF
      1400 Alaskan Way, Seattle, WA 98101-2016
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Eastlake Office Space Available

      Office spaces for lease in Lake Union's Eastlake area.
      1910 Fairview Ave East, Seattle, WA 98101
      View Details
    • Contact for pricing
      2,860 SF

      Prime Downtown Seattle Mixed-Use Building

      Mixed-use building in high-traffic location near Pike Place Market.
      1924 1St Ave, Seattle, WA 98101
      View Details
    • $1,795,000
      3,126 SF

      Downtown Seattle Commercial Condominium

      Rare commercial condominium in downtown Seattle, suitable for various businesses.
      819 Virginia St, Seattle, WA 98101
      View Details
    • Contact for pricing

      Eastlake Office Space Available

      Office spaces in Eastlake area of Lake Union for lease.
      1910 Fairview Ave East, Seattle, WA 98101
      View Details
    • $3,500,000
      5,780 SF

      Downtown Seattle Retail/Office Condo

      Corner unit with tenant and retail/office space available.
      820 Stewart St, Seattle, WA 98101
      View Details
    • Contact for pricing
      29,386 SF

      Versatile Entertainment Property in Seattle

      Multi-use property featuring a bowling alley, gym, and more.
      722 E Union St, Seattle, WA 98101
      View Details

    Similar Nearby for Lease

    • $19,910 /Mo
      8,533 SF

      Seattle Warehouse Space Available

      8,533 sqft warehouse space for rent in Seattle.
      601 Union St, Seattle, WA 98101
      View Details
    • $144,858
      41,388 SF

      Seattle Warehouse Space Available

      Warehouse space available for lease in Seattle, Washington.
      1700 7Th Ave, Seattle, WA 98101
      View Details
    • $27,047
      8,114 SF

      Seattle Warehouse Space Available

      8,114 square foot warehouse space for lease in Seattle.
      1505 5Th Ave, Seattle, WA 98101
      View Details
    • Contact for pricing

      Spaces 2 AND U

      Find fully flexible work and meeting space in TX, Plano - Spaces West Plano Village
      1201 2Nd Ave, Seattle, WA 98101
      View Details
    • Contact for pricing

      WA, Seattle- 1601 5th Avenue

      Workspaces, services and support to help you grow your business in WA, Seattle- 1601 5th Avenue
      1601 5Th Ave, Seattle, WA 98101
      View Details
    • Contact for pricing

      Plaza 600

      Discover many ways to work your way in Plaza 600
      600 Stewart St, Seattle, WA 98101
      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.
    1920 Terry Ave
    Seattle, WA 98101-1425
    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

    Thank You for Inquiry
    1920 Terry Ave, Seattle, WA, 98101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!