Property profile

206 Broadway East Seattle, WA 98102

FOR LEASE
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Property ID
US90-1489287
20,779 SF 0.18 ac Built 1987
Last sale Sep 2017·$6,350,000
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.
Market Trends Soon

Property summary

AI-generated overview

A basement-level retail/commercial suite located at 206 Broadway, positioned off Broadway and across from the Capitol Hill Sound Transit Station, with its area totaling approximately 5,634 square feet. The space includes sprinkler system, one restroom, and elevator access, and is configured with an option to retain an existing garage door or convert it to outdoor space. The basement suite can be combined with street-level suite #100, which is 6,953 square feet, to create a larger contiguous…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$64k
Tax billed · 2022
Assessed value$7.70M
Assessed land$4.92M
Assessed improvement$2.78M
Effective rate0.83%

Value estimate

· Nov 2026
$3.73M
$3.36M – $4.10M
CAP approach$4.22M
NOI build-up
Gross scheduled income$153k
Vacancy & credit loss−$5k
Operating expenses−$44k
NOI · 280,202.70% cap applied$104k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$506/SF
Submarket average, outlier-cleaned · 269 recorded sales of this use type
Observed band · Q1–Q3$213 – $957
Qualifying comparables6

Cap rate analysis

How does the asset earn?
280,202.70%
$104k 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?
NC3P-75 (M1)
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping distr...
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
Laundromat11.6
Laundry Service10.0
Mobile Phone Store8.8

Location

206 Broadway East Seattle, WA 98102
County assessor Recorded deeds · 14 transfers 6 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1550 Olive, Seattle, WA 98102-5510 $5,500,000 Oct 2024 18,360 SF
Seattle, WA 98102 $1,175,000 Jul 2024 No data
200 Garfield, Seattle, WA 98102-3131 $4,200,000 Mar 2024 No data
2240 Eastlake E, Seattle, WA 98102-3419 $1,000,000 Oct 2021 5,950 SF
422 11th E, Seattle, WA 98102-5498 $585,000 Jan 2019 15,054 SF
2371 Franklin E, Seattle, WA 98102-3665 $4,696,500 Jan 2019 11,604 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
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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