Entity Owned 
For Lease
Contact for pricing
1930 Boren Ave, Seattle, WA 98101
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Property summary
AI-generated overview
The property is a 3,985-square-foot commercial space located in Seattle’s Denny Triangle neighborhood, within Boren Labs, a Class-A Life Science Research and Development building completed in 2022. The space has frontage along Boren Avenue and is positioned adjacent to Westbank’s 1200 Stewart project, which includes retail and entertainment uses. The property is configured to allow visibility and signage for both vehicular and pedestrian traffic, and the interior layout is suitable for use as a full-service restaurant.
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
Current use
Occupant on record · Public records
-
Laboratory
-
Corporate Office
-
Parking Lot & Garage
Location
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
since 2021
Last sale
$119.0M
5 recorded transactions
Zoning & alternative use
DMC 240/290-440 · Seattle, WA
Top alternative use upside
Restaurant
$104.6M
+48.5%
Commercial (general)
$100.9M
+43.2%
Auto repair, garage
$82.0M
+16.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$101.33M
Value range
$91.20M – $111.46M
±10% around blend
Estimated value / SF
$508 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$91.20M
blend $101.33M
$111.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
199,398 SF
Lot area
0.33 ac
Year built
2003
Stories
10
APN
066000-2190
Zoning
DMC 240/290-440
Assessed value
$119,616,000
Annual tax
$973,880
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$115.38M
Range $40.97M – $115.38M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$101.33M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 337 sales
$353
+44%
County 676 sales
$377
+35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $508/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+49%
vs current-use indication
Commercial (general)
Auto Repair, Garage
Retail Stores
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
3.90%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.90%
9.0%
NOI (est.)
$8.33M *
Last sale · Apr 2021
$119.02M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$213.62M
Move the market yield to see immediate price impact.
Value / SF
$1,071
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.40%3.90%4.40%
$7.50M
$220.54M
$192.26M
$170.41M
$8.33M
$245.04M
$213.62M
$189.35M
$9.16M
$269.54M
$234.99M
$208.28M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, WAZoning DMC 240/290-440 · permitted uses
DMC 240/290-440 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
CENTRAL
Stories
10
Lot
0.33 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DMC 240/290-440
Jurisdiction
Seattle, WA
Recorded code
DMC 240/290-440
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DMC 240/290-440 in Seattle, WA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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