No photos on file
For Sale
$1,600,000
207 Edgar St, Seattle, WA 98102
View Listing →
Estimated value (blended)
$130k
Range $117k – $143k (±10%)
Property ID
US90-1300581
Property summary
AI-generated overview
This exceptional three-story commercial building at 207 E Edgar Street in Seattle, WA, presents a rare opportunity for owner-occupancy or redevelopment. Situated on a 0.13-acre lot (5,500 square feet), this 4,660 square foot building is offered for sale at $1,800,000. Currently vacant, the property offers immediate usability for a wide range of commercial ventures. The building's prime location in the desirable Eastlake neighborhood provides breathtaking views of Lake Union, Gas Works Park, and the Olympic Mountains. Its NC2-65(M2) zoning designation unlocks significant development potential. According to the zoning, the site could potentially accommodate the construction of up to five townhouses
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Construction
WOOD
Total area
4,660 SF
Lot
0.13 ac (5,500 SF)
Zoning code
NC2-65 (M2)
APN
195970-0090
UPID
US90-1300581
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
-
Law Firm Child Welfare Organization
-
Law Firm
-
Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$130k
Owner & transaction history
since 2025
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
NC2-65 (M2) · Seattle, WA
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including…
General category
COMMERCIAL
Top alternative use upside
Auto repair, garage
$1.9M
+16.4%
Retail stores
$1.9M
+13.5%
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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$130k
Value range
$117k – $143k
±10% around blend
Estimated value / SF
$28 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
50
$117k
blend $130k
$143k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,660 SF
Lot area
0.13 ac
Year built
1915
Stories
2
APN
195970-0090
Assessed value
$1,623,500
Annual tax
$14,068
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.35M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.46M
@ 6.5% CAP return
$1.35M
@ 7% CAP return
$1.25M
4
Sales comparison
Partial preview
Sales approach indication
$2.28M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.7 mi away · 5,448 SF
2.3 mi away · 4,224 SF
5.8 mi away · 4,987 SF
8.9 mi away · 4,100 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$130k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 337 sales
$353
-92%
County 676 sales
$377
-93%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $28/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+16%
vs current-use indication
Retail Stores
Office Building · current use
Medical Building
Warehouse, Storage
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
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.30M
Move the market yield to see immediate price impact.
Value / SF
$279
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
5.00%7.00%9.00%
$82k
$1.64M
$1.17M
$910k
$91k
$1.82M
$1.30M
$1.01M
$100k
$2.00M
$1.43M
$1.11M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.50M
1.5 mi · Nov 2025 · $552/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$14,068
Tax year 2022
Assessed value
$1,623,500
Assessed 2022
Previous assessed
$1,623,500
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,622,500
Assessed improvement
$1,000
Land market value
$1,622,500
Improvement market value
$1,000
Total market value
$1,623,500
Applied tax rate
13.0000
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 Sale
Year built
1915
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
4,660 SF
Lot
0.13 ac (5,500 SF)
Zoning code
NC2-65 (M2)
APN
195970-0090
UPID
US90-1300581
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-65 (M2) · Seattle, WAZoning NC2-65 (M2) · permitted uses
NC2-65 (M2) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including…
General category
COMMERCIAL
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
1915
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.13 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
NC2-65(M2)
COMMERCIAL
Jurisdiction
Seattle, WA
Recorded code
NC2-65 (M2)
Official district
NC2-65(M2)
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NC2-65(M2) in Seattle, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
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.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
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 · 5 · 30 · 100 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.
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?”
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