Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

1924 1St Ave Seattle, WA 98101

FOR LEASE
Office buildings
Property ID
US90-1537411
12,720 SF 0.08 ac lot Built 1909
Last sale Feb 2017 · $5,186,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
1924 1St Ave, Seattle, WA 98101 For Lease
Contact for pricing 1,988 SF available
1924 1St Ave, Seattle, WA 98101
View Listing

Property summary

AI-generated overview

This property consists of approximately 2,860 square feet of office space located on the second floor of a renovated building in downtown Seattle. The second-floor configuration provides secure, private access to the full floor and includes a reception area with desk, a conference room, two private offices, multiple work areas, two restrooms, and a kitchenette. The building is served by elevator service and features secured key fob access, HVAC, high-speed fiber internet capability, modern…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$42k
Tax billed · 2022
Assessed value$5.07M
Assessed land$1.83M
Assessed improvement$3.24M
Effective rate0.82%

Value estimate

· Oct 2026
$2.39M
$2.15M – $2.62M
NOI build-up
Gross scheduled income$44k
Vacancy & credit loss−$1k
Operating expenses−$13k
NOI · 197,620.00% cap applied$30k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$353/SF
Submarket average, outlier-cleaned · 337 recorded sales of this use type
Observed band · Q1–Q3$205 – $579
Qualifying comparables3

Cap rate analysis

How does the asset earn?
197,620.00%
$30k 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?
DMC-145
This district promotes special commercial activities and uses, areas characterized by lower scale office, retail and commercial uses rela...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.6
Pet Store6.1
Shoe Repair6.1

Location

1924 1St Ave Seattle, WA 98101
County assessor Recorded deeds · 7 transfers 3 qualifying comp sales 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
1929 3rd, Seattle, WA 98101-1104 $4,300,000 Aug 2025 19,440 SF
1518 3rd, Seattle, WA 98101-1612 $6,000,000 Apr 2025 59,400 SF
1417 4th, Seattle, WA 98101-2210 $14,800,000 Jan 2024 60,660 SF
1404 4th, Seattle, WA 98101-2252 $10,600,000 Jul 2022 30,525 SF
1923 5th, Seattle, WA 98101-1203 $405,360 Dec 2021 18,280 SF
1927 5th, Seattle, WA 98101-1203 $405,360 Dec 2021 22,381 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
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?”
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
Why this one?
Saved
Reason not saved — we won't ask again