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Financial
Distress signals
Property profile

2400 1st S Ave Seattle, WA 98134

OFF-MARKET
Warehouses
Property ID
US90-1490886
25,821 SF 0.21 ac lot Built 1925
Last sale Apr 2025 · $2,940,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional self-storage facility, located at 2400 1st Ave S, Seattle, WA 98134, presents a compelling value-add investment opportunity. The property encompasses 17,182 square feet of net rentable space within a two-story building situated on a 0.2-acre lot. Built in 1925 and renovated in 2006, the facility boasts 246 units, including 202 heated units, a manager's office, and 44 mailboxes. Currently operating at 57% unit occupancy and 69% square footage occupancy, this property offers…

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?
$40k
Tax billed · 2022
Assessed value$4.70M
Assessed land$1.08M
Assessed improvement$3.62M
Effective rate0.85%

Value estimate

· Oct 2026
$2.87M
$2.58M – $3.16M
CAP approach$3.49M

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$292/SF
ZIP average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$139 – $415
Qualifying comparables12

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?
IG2 U/85
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.0
Pharmacy10.9
Convenience Store9.7

Location

2400 1st S Ave Seattle, WA 98134-1422
County assessor Recorded deeds · 7 transfers 12 qualifying comp sales 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
3701 7th S, Seattle, WA 98134-2227 $7,300,000 May 2025 24,305 SF
1950 1st S, Seattle, WA 98134-1406 $3,500,000 Dec 2024 27,000 SF
2225 1st S, Seattle, WA 98134-1407 $1,800,000 Sep 2024 25,830 SF
5510 Marginal S, Seattle, WA 98134-2412 $5,725,000 May 2024 30,545 SF
2739 6th S, Seattle, WA 98134-2101 $400,000 Dec 2023 21,600 SF
640 Spokane, Seattle, WA 98134-2225 $10,600,000 Mar 2023 27,933 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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