Add Listing
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

    2550 32nd W Ave Seattle, WA 98199-3220

    • Grocery and convenience stores
    • 19,735 SF
    • 0.94 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2025
    Value Estimations
    $4,290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0719084
    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

    • Albertsons Pharmacy / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Amazon Locker - Chimera / Postal Service / Courier Service
    • Coinme at Coinstar - Bitcoin Kiosk / Shopping Center & Mall / (Bike/Boat/Book/etc) Store
    • Western Union / Bank / Credit Union

    Property Details for 2550 32nd W Ave

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.94 lot acres
    Property size
    19,735 SF
    Zone code
    NC2-55 (M)
    Property type
    Grocery and convenience stores
    APN
    812770-0485
    APU
    8127700485

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,905,000
      6.5%
      $4,525,000
      7%
      $4,205,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,630,000
      Market price range: $936k - $3.94M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,000,000
      OFFICE BUILDING
      $6,975,000
      MEDICAL BUILDING
      $6,785,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.398
    Latitude
    47.6425
    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
    $74,548
    $8,225,200
    $1,000
    $8,226,200
    -
    $8,225,200
    $1,000
    $8,226,200

    Comparable in this City

    • Value Estimation
      $535,000
      2,400 SF

      3201 20th W Ave

      CONVENIENCE STORE • 2,400 SF
      3201 20th W Ave, Seattle, WA 98199-2387
      View Details
    • Value Estimation
      $1,680,000
      1,508 SF

      3301 Mcgraw St

      CONVENIENCE STORE • 1,508 SF
      3301 Mcgraw St, Seattle, WA 98199-3209
      View Details
    • Value Estimation
      $705,000
      4,838 SF

      2120 Emerson Pl

      CONVENIENCE STORE • 4,838 SF
      2120 Emerson Pl, Seattle, WA 98199-1256
      View Details
    • Value Estimation
      $710,000
      4,757 SF

      2401 Mcgraw St

      CONVENIENCE STORE • 4,757 SF
      2401 Mcgraw St, Seattle, WA 98199-3401
      View Details
    • Value Estimation
      $3,090,000
      18,009 SF

      3844 34th W Ave

      GROCERY, SUPERMARKET • 18,009 SF
      3844 34th W Ave, Seattle, WA 98199
      View Details
    • Value Estimation
      $3,255,000
      1,034 SF

      3317 Government Way

      CONVENIENCE STORE • 1,034 SF
      3317 Government Way, Seattle, WA 98199-1318
      View Details

    Similar Nearby for Sale

    • $8,325,000
      25,724 SF

      Seattle Multifamily and Retail Portfolio

      Five-building assemblage with 41 residential units, 2 commercial spaces.
      2600-2634 Thorndyke Ave W, Seattle, WA 98199
      View Details
    • Contact for pricing
      5,504 SF

      West Seattle Junction Development Opportunity

      5,504 SF building in prime West Seattle location.
      4800 40Th Ave SW, Seattle, WA 98199
      View Details
    • Contact for pricing
      15,612 SF

      Seattle Office Building with Basement

      Office building near Fisherman's Terminal with drive-in basement.
      2222 W Elmore St, Seattle, WA 98199
      View Details
    • Contact for pricing

      Class B Office in Magnolia

      Office building in Seattle's North Magnolia submarket with water views.
      4019 21St Ave W, Seattle, WA 98199
      View Details
    • Contact for pricing

      Seattle Office Building with Views

      Class B office building in North Magnolia with water views.
      4019 21St Ave W, Seattle, WA 98199
      View Details
    • Contact for pricing
      3,409 SF

      Seattle Multifamily Property For Sale

      Multifamily property with 7 units in Seattle, WA.
      2109 W Raye St, Seattle, WA 98199
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Magnolia Village Retail & Office

      Retail and loft-style office spaces in desirable Magnolia Village.
      3410 West Mcgraw St, Seattle, WA 98199
      View Details
    • $36 SF/Yr
      324 SF

      Retail Space in Magnolia Neighborhood

      Retail or office suites available in Seattle's Magnolia neighborhood.
      3101 W Jameson St, Seattle, WA 98199
      View Details
    • $18 SF/Yr

      Magnolia Village Retail and Office

      Retail and loft-style office spaces in desirable Magnolia Village.
      3410 West Mcgraw St, Seattle, WA 98199
      View Details
    • Contact for pricing

      Seattle Office Building with Views

      Class B office space in North Magnolia with water views.
      4019 21St Ave W, Seattle, WA 98199
      View Details
    • $22 SF/Yr
      23,958 SF

      Fisherman's Terminal Office Space

      Seattle waterfront office building, prime location.
      4039 21st Avenue W | Seattle, WA 98199, Seattle, WA 98199
      View Details
    • $1.75 SF/Yr
      5,366 SF

      Functional Industrial Spaces Available

      Multiple spaces with heavy power, sprinklers, and dock high loading.
      2500-2600 W Commodore Way, Seattle, WA 98199
      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.
    2550 32nd W Ave
    Seattle, WA 98199-3220
    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.
    Sign Up Successful!
    You now have access to more from Realmo!