Financial
Distress signals
Property profile

2424 8Th Ave S Seattle, WA 98134

FOR LEASE
Distribution centers
Property ID
US90-0599852
87,933 SF 2.49 ac lot Built 1970
Last sale Oct 2021 · $32,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property comprises a total of 59,915 square feet, with 47,835 square feet on the ground floor. It includes office space over two floors totaling 18,879 square feet, consisting of 6,799 square feet on the first floor and 12,080 square feet on the second floor. The attached warehouse area has a clear height ranging from 20 to 24 feet and is served by 34 dock positions, including 16 double-wide doors.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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?
$193k
Tax billed · 2022
Assessed value$21.30M
Assessed land$9.22M
Assessed improvement$12.08M
Effective rate0.91%

Value estimate

· Sep 2026
$31.49M
$28.34M – $34.63M
Sales comparison$30.07M

Realmo valuation models over county records and 5 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 comparables5

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: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy12.5
Convenience Store10.4
Daycare Center9.5

Location

2424 8Th Ave S Seattle, WA 98134
County assessor Recorded deeds · 8 transfers 5 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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