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

    3015 Madison St Seattle, WA 98112-4230

    • Drive through restaurants
    • 1,942 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1314451
    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

    • Pagliacci Pizza / Pizza Restaurant / Caterer

    Property Details for 3015 Madison St

    Year built
    2012
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    1,942 SF
    Zone code
    NC2P-55 (M)
    Property type
    Drive through restaurants
    APN
    533220-0165
    APU
    5332200165

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $350,000
      Market price range: $146k - $404k

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.293
    Latitude
    47.6255
    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
    $10,801
    $1,233,100
    $1,000
    $1,234,100
    -
    $1,233,100
    $1,000
    $1,234,100

    Comparable in this City

    • Value Estimation
      $315,000
      4,130 SF

      1839 42nd E Ave

      RESTAURANT • 4,130 SF
      1839 42nd E Ave, Seattle, WA 98112-3219
      View Details
    • Value Estimation
      $300,000
      2,096 SF

      3109 Madison St

      RESTAURANT • 2,096 SF
      3109 Madison St, Seattle, WA 98112-4232
      View Details
    • Value Estimation
      $510,000
      4,279 SF

      2901 Madison St

      RESTAURANT • 4,279 SF
      2901 Madison St, Seattle, WA 98112-4213
      View Details
    • Value Estimation
      $325,000
      3,000 SF

      2301 24th E Ave

      RESTAURANT • 3,000 SF
      2301 24th E Ave, Seattle, WA 98112
      View Details
    • Value Estimation
      $340,000
      3,480 SF

      1927 43rd E Ave

      RESTAURANT • 3,480 SF
      1927 43rd E Ave, Seattle, WA 98112-3234
      View Details
    • Value Estimation
      $310,000
      3,168 SF

      2307 24th E Ave

      RESTAURANT • 3,168 SF
      2307 24th E Ave, Seattle, WA 98112-2606
      View Details

    Similar Nearby for Sale

    • $4,900,000

      Capitol Hill Office/Retail Building

      Office or service retail building in vibrant Capitol Hill.
      115 15Th Ave E Seattle, Seattle, WA 98112
      View Details
    • $3,600,000
      4,850 SF

      Restored Capitol Hill Mixed-Use Building

      Restored mixed-use building in Capitol Hill with office and residential.
      211 14Th Ave E, Seattle, WA 98112
      View Details
    • $999,950

      Versatile Commercial Building in Seattle

      Three-level building suitable for office, retail, or community amenities.
      324 25Th Ave S, Seattle, WA 98112
      View Details
    • $4,000,000

      Prime Retail Space in Seattle

      Retail property in affluent Madison Park neighborhood, across from Lake Washington.
      4242 Madison St, Seattle, WA 98112
      View Details
    • $2,100,000
      5,400 SF

      Madison Park Multifamily Investment Opportunity

      Classic five-unit property in coveted Madison Park neighborhood.
      633 33Rd Ave E, Seattle, WA 98112
      View Details
    • $6,650,000

      Capitol Hill Multifamily Investment Opportunity

      30-unit apartment building in Seattle's Capitol Hill neighborhood.
      202 19Th Ave E, Seattle, WA 98112
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      3,405 SF

      New Retail Space Available

      Retail and restaurant spaces available in Seattle's Grand Street Commons.
      1700-1716 21St Ave S, Seattle, WA 98112
      View Details
    • $40 SF/Yr
      1,752 SF

      Capital Hill Restaurant and Bar

      Built-out restaurant and bar space for lease on Capital Hill.
      1509 E Mercer St, Seattle, WA 98112
      View Details
    • $38 SF/Yr
      9,032 SF

      Retail Space in Grand Street Commons

      Mixed-use retail space available in Seattle's Grand Street Commons.
      1750 22Nd Ave S, Seattle, WA 98112
      View Details
    • $64 SF/Yr
      123,965 SF

      Madison Park Place Retail Space

      Prime Retail Space, Madison Park Place
      2925 Madison St, Seattle, WA 98112
      View Details
    • $1,800 /Mo
      360 SF

      Madison Street Retail Space For Rent

      360 SF retail space with excellent visibility and natural light.
      4111 E Madison St, Seattle, WA 98112
      View Details
    • $4,550,000
      500 SF

      Retail Space in Madison Valley

      Retail property in Seattle's affluent Madison Valley neighborhood.
      2711 E Madison St, Seattle, WA 98112
      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.
    3015 Madison St
    Seattle, WA 98112-4230
    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.