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Financial
Distress signals
Property profile

2208 NW Market St Seattle, WA 98107

FOR SALE
Office buildings
Property ID
US90-1358969
94,033 SF 0.51 ac lot Built 1925
Last sale Jan 2006
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Retail space located on the corner of Market Street and 22nd in the Ballard area, featuring prominent street frontage with numerous windows. The space has a total area of 2,516 square feet and was historically occupied by a long-term retail tenant (Starbucks for over 30 years). The unit does not include a hood vent.

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?
$146k
Tax billed · 2022
Assessed value$17.44M
Assessed land$8.58M
Assessed improvement$8.86M
Effective rate0.84%

Value estimate

· Oct 2026
$13.14M
$11.82M – $14.45M

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NC3P-75 (M)
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
Laundromat9.2
Pet Grooming Service9.0
Nursing Home8.3

Location

2208 NW Market St Seattle, WA 98107
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file 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
1734 Market, Seattle, WA 98107-5224 $4,700,000 Jan 2026 8,580 SF
2401 Market, Seattle, WA 98107-4138 $13,000,000 Dec 2022 20,539 SF
2636 Market, Seattle, WA 98107-4139 $5,000,000 Aug 2022 16,824 SF
3901 Leary NW, Seattle, WA 98107-5050 $1,848,650 Mar 2022 7,770 SF
106 36th, Seattle, WA 98107-4921 $3,350,000 Sep 2021 6,760 SF
4250 8th NW, Seattle, WA 98107-4516 $2,350,000 Aug 2021 7,518 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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