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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Retail space
2244 1st S Ave Seattle, WA 98134-1408
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-0649928
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,200 SF
Lot
0.21 ac (9,000 SF)
Zoning code
IG2 U/85
APN
766620-6240
UPID
US90-0649928
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Micro Current Technology Inc Medical Supply Store
-
Bio-Therapeutic Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
Sb-ii LLC · 21 yrs held
Sb-ii LLC
since 2004
7 recorded transactions
Zoning & alternative use
IG2 U/85 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$25,661
Tax year 2022
Assessed value
$2,949,700
Assessed 2022
Previous assessed
$2,949,700
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,080,000
Assessed improvement
$1,869,700
Land market value
$1,080,000
Improvement market value
$1,869,700
Total market value
$2,949,700
Applied tax rate
10.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
19,200 SF
Lot
0.21 ac (9,000 SF)
Zoning code
IG2 U/85
APN
766620-6240
UPID
US90-0649928
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG2 U/85 · Seattle, WA
Zoning IG2 U/85 · permitted uses
IG2 U/85 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Sb-ii LLC
Entity
Mailing address
PO BOX 2328, ISSAQUAH, WA 98027-0105
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2020
—
Sb II
—
Deed
related
$1,937,000 · Peoples Bank
Apr 18, 2007
—
Sb - II LLC
—
Deed Of Trust
related
$1,400,000 · Foundation Bank
Oct 29, 2004
$1,470,000
Sb-ii LLC
Cic Corp
Warranty Deed
$1,250,000 · Foundation Bank
Sep 11, 2002
$1,100,000
Cic Corp
Hunting,stuart G & Marcia L
Grant Deed
$880,000 · Key Bank NA
Sep 5, 2002
—
Aaron Vederoff
Sarah I Vederoff Estate
Quit Claim Deed
related
—
—
—
Sb-ii LLC
—
Deed Of Trust
related
$750,000 · Foundation Bank
—
—
Stuart Hunting
—
Deed Of Trust
related
$83,800 · Us Small Business Admn
—
—
Sb-ii LLC
—
Deed Of Trust
related
$394,752 · Foundation Bank
—
—
Sb-ii LLC
—
Deed Of Trust
related
$40,000 · Foundation Bank
—
—
Sb II LLC
—
Deed Of Trust
related
$200,000 · Foundation Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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