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

    305 Harrison St Seattle, WA 98109-4623

    • Amusement parks
    • 396,085 SF
    • 3.15 lot acres
    OFF-MARKET
    Value Estimations
    $13,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0889421
    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

    • Haiti Coffee Co. / Big Box & Wholesale Store
    • Mural Amphitheatre at Seattle Center / Theater & Performing Art Venue / Music Venue
    • Seattle Center / Hotel & Motel / Resort
    • Fisher Pavilion / Hotel & Motel / Resort
    • Collections Café / Restaurant

    Property Details for 305 Harrison St

    Year built
    1938
    Construction
    STEEL FRAME
    Lot size
    3.15 lot acres
    Property size
    396,085 SF
    Zone code
    SM-UP 95 (M)
    Property type
    Amusement parks
    APN
    198520-0305
    APU
    1985200305

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,344,000
      Market price range: $7.41M - $24.6M

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $13,345,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.351
    Latitude
    47.6215
    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
    $21,672
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $910,000
      26,481 SF

      302 Thomas St

      THEATER (MOVIE) • 26,481 SF
      302 Thomas St, Seattle, WA 98109-4627
      View Details
    • Value Estimation by Request
      6.30 Acres

      401 5th N Ave

      STADIUM • 6.30 Acres
      401 5th N Ave, Seattle, WA 98109-4603
      View Details
    • Value Estimation
      $1,265,000
      36,864 SF

      305 Harrison St

      THEATER (MOVIE) • 36,864 SF
      305 Harrison St, Seattle, WA 98109-4623
      View Details
    • Value Estimation
      $1,200,000
      34,934 SF

      305 Harrison St

      THEATER (MOVIE) • 34,934 SF
      305 Harrison St, Seattle, WA 98109-4623
      View Details
    • Value Estimation
      $805,000
      23,496 SF

      305 Harrison St

      AUDITORIUM • 23,496 SF
      305 Harrison St, Seattle, WA 98109-4623
      View Details
    • Value Estimation
      $27,480,000
      800,000 SF

      305 Harrison St

      AUDITORIUM • 800,000 SF
      305 Harrison St, Seattle, WA 98109-4623
      View Details

    Similar Nearby for Sale

    • $975,000

      Queen Anne Development Opportunity

      Prime corner lot with development potential in Queen Anne location.
      801 15Th St, Seattle, WA 98109
      View Details
    • $549,500
      1,096 SF

      Light-Filled Condo with Territorial Views

      Corner condo with balcony, updated features, and convenient location.
      2620 4Th Ave N, Seattle, WA 98109
      View Details
    • $1,000,000
      9,391 SF

      Seattle Land Parcel For Sale

      9,391 SF land parcel in Seattle, C1-75 zoning.
      1945 Aurora Ave N, Seattle, WA 98109
      View Details
    • $4,995,000

      South Lake Union Land Opportunity

      Land in prime Seattle location near Apple headquarters.
      232 7Th Ave N Seattle, Seattle, WA 98109
      View Details
    • $699,000
      19,723 SF

      Aurora Avenue Redevelopment Opportunity

      Two lots totaling 19,723 SF, ideal for redevelopment.
      2451 Aurora Ave N, Seattle, WA 98109
      View Details
    • Contact for pricing
      7,200 SF

      South Lake Union Land Opportunity

      7,200 SF land with permit-ready 8-story office building.
      308 9Th Ave N, Seattle, WA 98109
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      7,625 SF

      Seattle Restaurant/Night Club Space

      Built-out restaurant/night club space in downtown Seattle's retail district.
      1624 4Th Ave, Seattle, WA 98109
      View Details
    • Contact for pricing
      2,208 SF

      South Lake Union Retail Opportunity

      Retail spaces available in vibrant South Lake Union neighborhood.
      1250 Harrison St, Seattle, WA 98109
      View Details
    • $36 SF/Yr
      2,973 SF

      Fitness Space in Dexter District

      Second generation fitness space in the Dexter District.
      1319 Dexter Ave N, Seattle, WA 98109
      View Details
    • $38 SF/Yr
      32,370 SF

      Prime Seattle Office Space

      23,391 SF Creative Office Available
      500 Mercer St, Seattle, WA 98109
      View Details
    • Contact for pricing
      23,973 SF

      Full Floor Office Space

      Full floor office space available for rent in Seattle.
      1100 Dexter Ave North, Seattle, WA 98109
      View Details
    • Contact for pricing
      17,943 SF

      Prime Retail Space in Seattle

      Retail space for lease in Seattle's Downtown shopping district.
      1601 3Rd Ave, Seattle, WA 98109
      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.
    305 Harrison St
    Seattle, WA 98109-4623
    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.