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Property profile & analytics
OFF-MARKET
Estimated value
$12,870,000
Retail space
2601 46th St Seattle, WA 98105
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-2393689
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
CONCRETE
Total area
90,184 SF
Lot
16.66 ac (725,591 SF)
Zoning code
C1-75 (M)
APN
092504-9346
UPID
US90-2393689
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.91M
Blend (final)
Blend
$12.87M
Owner & transaction history
Bloomingdales LLC · 3 yrs held
Bloomingdales LLC
since 2022
7 recorded transactions
Zoning & alternative use
C1-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywide, or regional clientele. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
336.11 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.87M
Range $11.58M – $14.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$143 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,269,949
Tax year 2022
Assessed value
$262,761,900
Assessed 2022
Previous assessed
$262,761,900
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$200,988,700
Assessed improvement
$61,773,200
Land market value
$200,988,700
Improvement market value
$61,773,200
Total market value
$262,761,900
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1956
Construction
CONCRETE
Heating
OTHER
Buildings
11
Stories
2
Total area
90,184 SF
Lot
16.66 ac (725,591 SF)
Zoning code
C1-75 (M)
APN
092504-9346
UPID
US90-2393689
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-75 (M) · Seattle, WAZoning C1-75 (M) · permitted uses
C1-75 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywide, or regional clientele. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
336.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1956
Construction
CONCRETE
Heating
OTHER
Stories
2
Buildings
11
Lot
16.66 ac
Current owner
From public records · entity-resolved
Bloomingdales LLC
Entity
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
—
Bloomingdales LLC
University Village Limited Partners
Lease
—
Dec 2, 2019
—
University Village Limited Partners
—
Deed
related
$250,000 · Column Financial INC
Jan 13, 2006
—
University Village
—
Deed Of Trust
related
$176,000,000 · Northwestern Mutual Life Ins
May 14, 2002
—
University Village LP
—
Deed Of Trust
related
$120,000,000 · Northwestern Mutual Life Ins
May 3, 2002
—
University Village LP
U Village Land LP
Quit Claim Deed
related
—
May 15, 2000
—
Seattle 15 LLC
—
Deed Of Trust
related
$35,000,000 · Us Bank NA Trustee
—
—
University Village LP
—
Loan Modification
related
—
—
—
Seatlle 15 LLC
—
Deed Of Trust
related
$100,000 · Washington Trust Bank
—
—
U Village Land LP
—
Deed Of Trust
related
$38,287,452 · Principal Mutual Life Ins
—
—
University Village LP
—
Deed Of Trust
related
$225,000,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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