Back to Search
Property profile & analytics
FOR LEASE
Office buildings
1930 Boren Ave Seattle, WA 98101
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0995337
No photos on file
For Lease
Contact for pricing
1930 Boren Ave, Seattle, WA 98101
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
CONCRETE
Total area
199,398 SF
Lot
0.33 ac (14,400 SF)
Zoning code
DMC 240/290-440
APN
066000-2190
UPID
US90-0995337
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
-
Boren Lofts Laboratory
-
InduPro Corporate Office
-
Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$115.38M
Blend (final)
Blend
$101.33M
Owner & transaction history
Boren Lofts Owner De LLC · 5 yrs held
Boren Lofts Owner De LLC
since 2021
Last sale
$119.0M
5 recorded transactions
Zoning & alternative use
DMC 240/290-440 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$104.6M
+48.5%
Commercial (general)
$100.9M
+43.2%
Auto repair, garage
$82.0M
+16.4%
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
Method
Estimation
Statistic approach
$95,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$70,465,000
Current use
RESTAURANT
$104,640,000
Change: +49% · Conversion: Moderate
COMMERCIAL (GENERAL)
$100,895,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$82,035,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$79,955,000
Change: +13% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$70,720,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$68,565,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$101.33M
Range $91.20M – $111.46M · ±10% · vs last sale $119.02M (Apr 8 2021)
Last sale anchor
$119.02M
Apr 8 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$508 / SF
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
$973,880
Tax year 2022
Assessed value
$119,616,000
Assessed 2022
Previous assessed
$119,616,000
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$15,120,000
Assessed improvement
$104,496,000
Land market value
$15,120,000
Improvement market value
$104,496,000
Total market value
$119,616,000
Applied tax rate
11.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2003
Construction
CONCRETE
Heating
CENTRAL
Stories
10
Total area
199,398 SF
Lot
0.33 ac (14,400 SF)
Zoning code
DMC 240/290-440
APN
066000-2190
UPID
US90-0995337
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC 240/290-440 · Seattle, WA
Zoning DMC 240/290-440 · permitted uses
DMC 240/290-440 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$70.5M
RESTAURANT
Est. value
$104.6M
COMMERCIAL (GENERAL)
Est. value
$100.9M
AUTO REPAIR, GARAGE
Est. value
$82.0M
RETAIL STORES
Est. value
$80.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$70.7M
MEDICAL BUILDING
Est. value
$68.6M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
CENTRAL
Stories
10
Lot
0.33 ac
Current owner
From public records · entity-resolved
Boren Lofts Owner De LLC
Entity
Mailing address
1930 BOREN AVE, SEATTLE, WA 98101-1406
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2021
—
Boren Lofts Owner LLC
—
Deed
related
$114,000,000 · Forethought Life Insurance Company
Apr 8, 2021
$119,019,316
Boren Lofts Owner De LLC
Vbob LLC
Bargain And Sale Deed
—
Aug 1, 2019
—
Vbob LLC
—
Deed
related
$59,937,000 · Wells Fargo Bank NA
Dec 27, 2018
$17,250,000
Vbob LLC
Safe Haven Associates
Grant Deed
—
Oct 4, 1996
$792,000
Safe Haven Associates
Budget Rent A Car Systems INC
Grant Deed
$950,000 · Washington State Dept Communit
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
