Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2400 6th W Ave Seattle, WA 98119-2509

    • Grocery and convenience stores
    • 6,924 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1494410
    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.

    Current Use by Public Records

    • Ken's Market / Grocery Store / Supermarket
    • ATM / Atm
    • Vera Pash Photo / Photographer
    • Seattle Interior Solutions / Interior Designer
    • Marathon Trucking / Trucking Company

    Property Details for 2400 6th W Ave

    Year built
    1938
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    6,924 SF
    Zone code
    NC1-40 (M)
    Property type
    Grocery and convenience stores
    APN
    927020-0125
    APU
    9270200125

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,720,000
      6.5%
      $1,590,000
      7%
      $1,475,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.365
    Latitude
    47.6398
    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
    $17,210
    $1,680,000
    $242,700
    $1,922,700
    -
    $1,680,000
    $242,700
    $1,922,700

    Comparable in this City

    • Value Estimation
      $5,605,000
      26,748 SF

      3225 16th W Ave

      GROCERY, SUPERMARKET • 26,748 SF
      3225 16th W Ave, Seattle, WA 98119
      View Details
    • Value Estimation
      $10,535,000
      64,659 SF

      2001 15th W Ave

      GROCERY, SUPERMARKET • 64,659 SF
      2001 15th W Ave, Seattle, WA 98119-2768
      View Details
    • Value Estimation by Request
      696 SF

      31 Nickerson St

      CONVENIENCE STORE • 696 SF
      31 Nickerson St, Seattle, WA 98119
      View Details
    • Value Estimation
      $650,000
      3,300 SF

      630 Elliott W Ave

      CONVENIENCE STORE • 3,300 SF
      630 Elliott W Ave, Seattle, WA 98119-5915
      View Details
    • Value Estimation
      $660,000
      9,010 SF

      100 Mercer St

      FINANCIAL BUILDING • 9,010 SF
      100 Mercer St, Seattle, WA 98119-3930
      View Details
    • Value Estimation by Request
      14,400 SF

      1435 Elliott W Ave

      SHOW ROOM, WAREHOUSE • 14,400 SF
      1435 Elliott W Ave, Seattle, WA 98119-3104
      View Details

    Similar Nearby for Sale

    • $5,750,000
      23,507 SF

      Fully Leased Mixed-Use Property

      Versatile, income-producing asset with office, retail, and warehouse spaces.
      2201 15Th Ave W, Seattle, WA 98119
      View Details
    • $4,250,000
      13,320 SF

      Belltown Retail Building For Sale

      Two-story, 13,320 SF retail building in Seattle's Belltown neighborhood.
      2112 1St Ave, Seattle, WA 98119
      View Details
    • $2,250,000

      Magnolia Village Leased Retail Investment

      Leased retail property in Magnolia Village with storage space.
      3310 W Mcgraw St, Seattle, WA 98119
      View Details
    • Contact for pricing
      2,712 SF

      Belltown Retail or Office Space

      Retail or office space in the heart of Belltown.
      2207-2211 3Rd Ave, Seattle, WA 98119
      View Details
    • $1,750,000

      Secured Parking and Warehouse Space

      Secured parking lot and warehouse space available for sale.
      652 Elliott Ave W, Seattle, WA 98119
      View Details
    • Contact for pricing
      41,776 SF

      Seattle Church and School Opportunity

      Church and school buildings with parking near Seattle Pacific University.
      3200 3Rd Ave W, Seattle, WA 98119
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      1,647 SF

      Prime Retail Space in Seattle

      Iconic corner location in downtown Seattle with high visibility.
      1904-1912 3Rd Ave, Seattle, WA 98119
      View Details
    • $18 SF/Yr
      8,777 SF

      Elliott Avenue Retail Space

      Second floor retail suite available for lease.
      1419-1477 Elliott Ave W, Seattle, WA 98119
      View Details
    • $30 SF/Yr
      734 SF

      Retail Space in Seattle

      Retail space available for lease in Seattle, Washington.
      1201 2Nd Ave, Seattle, WA 98119
      View Details
    • Contact for pricing
      7,382 SF

      Retail Space Available For Lease

      Retail space available for lease in Seattle, Washington.
      1600 7Th Ave, Seattle, WA 98119
      View Details
    • $25 SF/Yr
      2,114 SF

      Prime Retail Space in Seattle

      Retail space in Seattle's Pioneer Square with high visibility.
      601-605 1St Ave, Seattle, WA 98119
      View Details
    • $18 SF/Yr
      8,511 SF

      Elliott Avenue Retail/Showroom Space

      Retail or showroom space with street exposure on Elliott Avenue.
      1435-1445 Elliott Ave W, Seattle, WA 98119
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2400 6th W Ave
    Seattle, WA 98119-2509
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.