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    3025 Avalon Way Seattle, WA 98126

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    3025 Avalon Way Seattle, WA 98126

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    • Commercial real estate
    Off-Market
    Property ID
    US90-1326162
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3025 Avalon Way

    Property type
    Commercial real estate

    Description

    This exceptional 16,345 square foot residential land parcel presents a remarkable development opportunity in Seattle's desirable North Delridge neighborhood. Located at 3025 SW Avalon Way, 98126, this King County property is zoned MRM (Midrise-M), allowing for a building height of up to 80 feet, with no mandated retail or parking requirements. The site boasts stunning views overlooking the West Seattle Golf Course, and future development will offer potential Puget Sound vistas. Its convenient location provides easy access to downtown Seattle via the West Seattle Bridge, future Light Rail stations, and a wealth of local amenities including diverse restaurants and shopping options. A current feasibility study envisions a development comprising 103 residential units, 40 parking spaces, 103 bicycle stalls, and a spacious 3,400 square foot rooftop deck. The land is priced at $427.65 per square foot, representing a compelling investment at an asking price of $6,500,000. This property offers a unique blend of prime location, desirable zoning, and significant development potential, making it an ideal opportunity for discerning investors seeking a high-return project in a thriving Seattle neighborhood. The property's address is 3025 SW Avalon Way, Seattle, WA 98126.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3711692
    Latitude
    47.5660912

    Comparable in this City

    • $1,050,000
      3,180 SF

      Seattle Multifamily Investment Opportunity

      Five-unit property with value-add potential in Seattle.
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    • $2,325,000
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      Renovated 9-Unit Apartment Building

      Turnkey West Seattle apartment building with income upside and redevelopment potential.
      3046 Avalon Way, Seattle, WA 98126
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    • $2,495,000

      West Seattle Multifamily Investment Opportunity

      Value-add multifamily property in desirable West Seattle location.
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    • $4,600,000
      8,705 SF

      West Seattle Multifamily Investment Opportunity

      Thirteen-unit apartment complex in premier North Admiral location.
      2515 Belvidere Ave SW, Seattle, WA 98126
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    • $4,025,000

      Seattle Investment Opportunity: The Westwood

      Mixed-use property with 15 residential units and four commercial spaces.
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    • $2,600,000

      West Seattle Multifamily Development Site

      Corner parcel suitable for multifamily development in West Seattle.
      6301 35Th Ave SW, Seattle, WA 98126
      View Details

    Similar Nearby for Sale

    • $1,050,000
      3,180 SF

      Seattle Multifamily Investment Opportunity

      Five-unit property with value-add potential in Seattle.
      8821 35Th Ave SW, Seattle, WA 98126
      View Details
    • $2,325,000
      5,164 SF

      Renovated 9-Unit Apartment Building

      Turnkey West Seattle apartment building with income upside and redevelopment potential.
      3046 Avalon Way, Seattle, WA 98126
      View Details
    • $2,495,000

      West Seattle Multifamily Investment Opportunity

      Value-add multifamily property in desirable West Seattle location.
      8849 35Th Ave SW, Seattle, WA 98126
      View Details
    • $4,600,000
      8,705 SF

      West Seattle Multifamily Investment Opportunity

      Thirteen-unit apartment complex in premier North Admiral location.
      2515 Belvidere Ave SW, Seattle, WA 98126
      View Details
    • $4,025,000

      Seattle Investment Opportunity: The Westwood

      Mixed-use property with 15 residential units and four commercial spaces.
      9025 35Th Ave SW, Seattle, WA 98126
      View Details
    • $2,600,000

      West Seattle Multifamily Development Site

      Corner parcel suitable for multifamily development in West Seattle.
      6301 35Th Ave SW, Seattle, WA 98126
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Harbor Avenue Contractor Yard

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      Fenced Yard in SW Seattle

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      Fenced Storage Yard in Seattle

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      West Seattle Commercial/Industrial Building

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      5,932 SF

      West Seattle Commercial/Industrial Space

      High-image commercial/industrial space in West Seattle, available 9/1/2024.
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    • Contact for pricing
      26,853 SF

      High-Visibility Retail Space Available

      Former Rite Aid with ample parking and excellent signage.
      8512 35Th Ave NE, Seattle, WA 98126
      View Details
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    Seattle, WA 98126
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    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.

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    3025 Avalon Way, Seattle, WA, 98126

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