Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    309 Cloverdale St Seattle, WA 98108-4568
    Back to Search
    Property profile & analytics

    309 Cloverdale St, Seattle, WA 98108-4568

    View on Map
    • Warehouses
    • 31,360 SF
    • 10.23 lot acres
    Off-Market
    Property ID
    US90-0696157
    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
    $5,375,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Christian Brothers Floor Service Inc. / Construction Company / General Contractor
    • Mavam Espresso LLC / Industrial Manufacturer / Production Facility
    • Tin Dog Brewing / Production Facility / Brewery & Distillery
    • Puget Lite Pavers / General Contractor
    • Hytorc Northwest / Factory / Industrial Manufacturer

    Property Details for 309 Cloverdale St

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.23 lot acres
    Zone code
    IG2 U/65
    Property type
    Warehouses
    APN
    322404-9012
    APU
    3224049012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 24, 2021 — Harsch Investment Properties II LLC — Deed · related $25M · Nationwide Life Insurance Company
    Sep 1, 2010 — Harsch Investment Props-ii LLC — Grant Deed · related $18M · Metropolitan Life Insurance
    Jan 30, 2003 — Harsch Inv Properties II LLC — Deed Of Trust · related $20M · Bank Of America
    Feb 29, 2000 — Investment Properties Harsch Macarthur/broadway Center INC Grant Deed · related —
    Jan 6, 1994 $9,050,000 Mara Gateway Assoc LP Columbia Savings Grant Deed $6.3M · Liberty Service Corp
    — — Investment Properties-i Harsch — Deed Of Trust · related $14.7M · Genworth Life & Annuity Ins Co
    — — Investment Properties Harsch — Deed Of Trust · related $25k · Metropolitan Life Insurance
    — — Mara Gateway Associates LP — Deed Of Trust · related $750k · Seattle-first National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,745,000
      6.5%
      $5,305,000
      7%
      $4,925,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.331
    Latitude
    47.5254
    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
    $387,946
    $17,824,700
    $19,623,700
    $37,448,400
    -
    $17,824,700
    $19,623,700
    $37,448,400

    Comparable in this City

    • Value Estimation
      $8,045,000
      47,870 SF

      6500 Ursula S Pl

      WAREHOUSE, STORAGE
      6500 Ursula S Pl, Seattle, WA 98108-2855
      View Details
    • Value Estimation
      $795,000
      6,664 SF

      719 Monroe St

      WAREHOUSE, STORAGE
      719 Monroe St, Seattle, WA 98108-4352
      View Details
    • Value Estimation
      $945,000
      8,000 SF

      721 Kenyon St

      WAREHOUSE, STORAGE
      721 Kenyon St, Seattle, WA 98108
      View Details
    • Value Estimation
      $1,415,000
      10,800 SF

      7501 2nd S Ave

      WAREHOUSE, STORAGE
      7501 2nd S Ave, Seattle, WA 98108-4108
      View Details
    • Value Estimation
      $1,920,000
      11,172 SF

      655 Andover St

      WAREHOUSE, STORAGE
      655 Andover St, Seattle, WA 98108-5234
      View Details
    • Value Estimation
      $3,050,000
      22,890 SF

      4500 7th S Ave

      WAREHOUSE, STORAGE
      4500 7th S Ave, Seattle, WA 98108-1707
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Seattle Industrial Space Sublease

      Industrial space available for sublease in Seattle with office area.
      1414 S Director St, Seattle, WA 98108
      View Details
    • Contact for pricing

      Georgetown Office/Flex Space Available

      High-quality, divisible office/flex space in dynamic Georgetown neighborhood.
      6363 7Th Ave S, Seattle, WA 98108
      View Details
    • Contact for pricing

      Seattle Warehouse For Sale

      Warehouse property available for sale in Seattle, Washington.
      115 S Orcas St, Seattle, WA 98108
      View Details
    • $5,700,000

      Seattle Manufacturing Warehouse on 1.44 Acres

      Securely fenced Seattle site with manufacturing warehouse and office space.
      631 96Th St, Seattle, WA 98108
      View Details

    Similar Nearby for Lease

    • $10,350 /Mo
      9,000 SF

      Georgetown Warehouse with Office Space

      9,000 SF warehouse with 2,000 SF office space.
      1001 Myrtle St, Seattle, WA 98108
      View Details
    • $15,560 /Mo
      12,448 SF

      Georgetown Flex Space Available Now

      Flex space in Georgetown, minutes from Boeing Field and SeaTac.
      6401 Carleton Ave S, Seattle, WA 98108
      View Details
    • $39,466
      28,190 SF

      Seattle Warehouse with Ample Parking

      Warehouse space in Seattle with parking and multiple grade doors.
      9320 4Th Ave S, Seattle, WA 98108
      View Details
    • $5,399 /Mo
      4,185 SF

      Freestanding Building with Fenced Yard

      Freestanding building with office, three-phase power, and fenced yard.
      6259 Airport Way S, Seattle, WA 98108
      View Details
    • $9,048 /Mo
      6,240 SF

      Industrial Space Available For Lease

      6,240 SF industrial space with dock high doors available 2025.
      650 Lucile St, Seattle, WA 98108
      View Details
    • $10,440 /Mo
      8,700 SF

      Seattle Georgetown Flex Space

      8,700 SF flex space in Seattle's Georgetown area.
      115 Lucile St, Seattle, WA 98108
      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.
    309 Cloverdale St
    Seattle, WA 98108-4568
    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

    Thank You for Inquiry
    309 Cloverdale St, Seattle, WA, 98108
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!