308 9Th Ave N Seattle, WA 98109
Property Lookup
Property profile & analytics
308 9Th Ave N Seattle, WA 98109
- Outlet malls
- 7,200 SF
- 0.16 lot acres
Property ID
US90-1543721
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.
Location Intelligence
Current Use by Public Records
- The Queen's Dojo / Training Center / Sports School
- Live 2 Dance / Training Center
- Hand Of God Wines / Brewery & Distillery / Specialty Food Shop
Property Details for 308 9Th Ave N
- Year built
- 1925
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.16 lot acres
- Property size
- 7,200 SF
- Zone code
- SM-SLU 175/85-280
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 198620-0160
- APU
- 1986200160
Description
This exceptional 47,405 square foot, eight-story commercial building is situated on a 0.16-acre lot in Seattle's vibrant South Lake Union neighborhood at 308 9th Ave N, zip code 98109. The property boasts a highly desirable SM-SLU 175/85-280 zoning designation, offering flexibility for various development options, including multifamily, life science, or hospitality uses, in addition to the existing office space. Currently, the building is fully occupied, generating a substantial in-place yield. Significant pre-development work, exceeding $1.4 million, has already been completed, including securing a Master Use Permit and preparing building permits for issuance, substantially reducing time to delivery and stabilization for a future developer. The property includes seven parking spaces. Its central location provides unparalleled access to public transportation, including bus routes, the Seattle Streetcar, light rail, Interstate 5, and Highway 99. The area is renowned for its walkability (Walk Score of 98), proximity to numerous amenities, restaurants, and the central business district, and is home to major employers in technology, life sciences, and other key industries. This presents a unique opportunity to capitalize on the strong existing yield while exploring future redevelopment potential to maximize returns. The King County APN is 198620-0160.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,790,000
- 6.5%
- $1,650,000
- 7%
- $1,535,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.339
- Latitude
- 47.6212
- 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
$32,709
$3,861,300
$1,000
$3,862,300
-
$3,861,300
$1,000
$3,862,300
