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Property profile & analytics
OFF-MARKET
Estimated value
$118,515,000
Commercial land
2319 5th Ave, Seattle, WA 98121-1809
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-2033717
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.15 ac (6,360 SF)
Zoning code
DMR/C 280/125
APN
069600-0185
UPID
US90-2033717
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$118.52M
Owner & transaction history
Hudson 5th And Bell LLC · 4 yrs held
Hudson 5th And Bell LLC
since 2021
Last sale
$118.7M
7 recorded transactions
Zoning & alternative use
DMR/C 280/125 · 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
Method
Estimation
Statistic approach
$118,220,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$118.52M
Range $106.66M – $130.37M · ±10% · vs last sale $118.66M (Dec 22 2021)
Last sale anchor
$118.66M
Dec 22 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
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
$47,688
Tax year 2022
Assessed value
$5,724,000
Assessed 2022
Previous assessed
$5,724,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$5,724,000
Land market value
$5,724,000
Total market value
$5,724,000
Applied tax rate
11.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.15 ac (6,360 SF)
Zoning code
DMR/C 280/125
APN
069600-0185
UPID
US90-2033717
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMR/C 280/125 · Seattle, WA
Zoning DMR/C 280/125 · permitted uses
DMR/C 280/125 · 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
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Hudson 5th And Bell LLC
Entity
Free & Clear · 4 yrs held
Mailing address
411 1ST AVE S STE #300, SEATTLE, WA 98104-3849
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$118,663,466
Hudson 5th And Bell LLC
Are Seattle No 30 LLC
Special Warranty Deed
—
Dec 22, 2021
—
Hudson 5th And Bell LLC
Are Seattle No 30 LLC
Assignment Of Lease (leasehold Sale)
—
Jun 1, 2018
$94,991,020
Are-seattle No 30 LLC
Bre Fab Property Owner LLC
Grant Deed
—
Nov 15, 2016
$92,958,909
Bre Fab Property Owner LLC
Hines Reit 5th & Bell LLC
Grant Deed
$290,850,000 · Deutsche Bk Ag/ny Branch
Dec 4, 2012
—
City Of Seattle
Hopkins Investments LLC
Grant Deed
related
—
May 11, 2005
—
Hopkins Investments LLC
Hopkins,frank H & Frederick J
Quit Claim Deed
related
—
Aug 22, 2001
—
Hopkins Investments LLC
Hokins Trust
Quit Claim Deed
related
—
Mar 16, 2001
—
Ortix Touchstone Seattle Ventu
Fifth & Battery LLC
Grant Deed
$45,924,448 · Orix Real Estate Equities INC
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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