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    222 Queen Anne Ave Nc Seattle, WA 98109-4840
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    Property profile & analytics

    222 Queen Anne Ave Nc, Seattle, WA 98109-4840

    View on Map
    • Investment properties
    • 21,460 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Oct 29, 2020
    Property ID
    US90-1342564
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,695,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • View 222 / Apartment Building
    • Lindsey Runyon Design / Interior Design / Home Decor Store
    • West Freeman Properties / Property Management Company

    Property Details for 222 Queen Anne Ave Nc

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Zone code
    SM-UP 85 (M)
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    198920-1300
    APU
    1989201300

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,720,000
      6.5%
      $4,360,000
      7%
      $4,045,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.356
    Latitude
    47.6204
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $95,654
    $3,717,000
    $7,890,000
    $11,607,000
    -
    $3,717,000
    $7,890,000
    $11,607,000

    Comparable in this City

    • Value Estimation
      $2,870,000
      23,840 SF

      1529 Queen Anne N Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1529 Queen Anne N Ave, Seattle, WA 98109-2878
      View Details
    • Value Estimation
      $7,620,000
      42,282 SF

      1529 Queen Anne N Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1529 Queen Anne N Ave, Seattle, WA 98109-2878
      View Details
    • Value Estimation by Request
      2,972 SF

      801 Dexter N Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      801 Dexter N Ave, Seattle, WA 98109-4377
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    • Value Estimation by Request
      6,737 SF

      1116 Harrison St

      OFFICE/RESIDENTIAL (MIXED USE)
      1116 Harrison St, Seattle, WA 98109-5329
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    • Value Estimation by Request
      6,210 SF

      1932 Queen Anne N Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1932 Queen Anne N Ave, Seattle, WA 98109-2548
      View Details
    • Value Estimation
      $7,135,000
      34,029 SF

      1919 Queen Anne N Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1919 Queen Anne N Ave, Seattle, WA 98109-2562
      View Details

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      Seattle Dessert Shop Opportunity

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      Queen Anne Renovated Apartment Building

      Renovated 9-unit apartment building in Seattle's Queen Anne neighborhood.
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      6,780 SF

      Seattle Land Site For Sale

      6,780 SF land site suitable for hotel or multifamily development.
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    Similar Nearby for Lease

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      Retail Space in Mixed-Use Development

      High-visibility retail space in a major mixed-use development.
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    • $9,101 /Mo
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      High-Visibility Retail Space in Seattle

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      112 Boren Ave N, Seattle, WA 98109
      View Details
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      2,581 SF

      Corner Retail Space in Cascade

      Retail space in mixed-use building near Google and Facebook campuses.
      624 Yale Ave N, Seattle, WA 98109
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    • $9,653 /Mo
      2,574 SF

      High-Visibility Retail Space in Seattle

      Premier retail space in a major mixed-use development.
      112 Boren Ave N, Seattle, WA 98109
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    • Contact for pricing

      Prime Restaurant Space on Queen Anne

      Second generation restaurant space in a prime location.
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      View Details
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      Office space with private rooftop and Lake Washington views.
      1633 Westlake Ave N, Seattle, WA 98109
      View Details
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    Seattle, WA 98109-4840
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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