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Financial
Distress signals
Property profile

2371 Eastlake Ave E Seattle, WA 98102

FOR LEASE
Office buildings
Property ID
US90-1299102
7,660 SF 0.14 ac lot Built 1965
Last sale Jan 2016 · $1,850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of a full first-floor office space located along Eastlake Avenue. The interior layout includes a lobby and reception area, multiple private offices, a conference room, an open area, a kitchenette, and two bathrooms. The space covers approximately 3,000 square feet and is configured for commercial real estate use. Parking is provided with capacity for up to 11 vehicles.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$17k
Tax billed · 2022
Assessed value$2.00M
Assessed land$2.00M
Assessed improvement$1k
Effective rate0.87%

Value estimate

· Oct 2026
$1.21M
$1.09M – $1.33M
NOI build-up
Gross scheduled income$46k
Vacancy & credit loss−$10k
Operating expenses−$9k
NOI · 90,806.90% cap applied$26k

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?
90,806.90%
$26k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
NC2P-65 (M1)
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store11.7
Grocery Store11.5
Laundry Service11.5

Location

2371 Eastlake Ave E Seattle, WA 98102
County assessor Recorded deeds · 8 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
2009 Minor E, Seattle, WA 98102-3513 $5,600,000 Mar 2024 7,110 SF
123 Boylston E, Seattle, WA 98102-5617 $65,000 Feb 2024 7,520 SF
231 Smt E, Seattle, WA 98102-5638 $1,777,838 Oct 2022 5,448 SF
614 Boylston E, Seattle, WA 98102-4912 $2,425,000 Sep 2021 5,510 SF
2021 Minor E, Seattle, WA 98102-3588 $2,941,426 Dec 2020 5,520 SF
127 Boylston E, Seattle, WA 98102-5606 $4,458,884 Apr 2019 7,174 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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