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Property profile & analytics
FOR LEASE
Investment properties
316 1St Ave S 300 Seattle, WA 98104
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1375790
For Lease
$1,795,000
316 1St Ave S,Unit 300, Seattle, WA 98104
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1905
Construction
WOOD
Total area
19,360 SF
Lot
0.15 ac (6,660 SF)
Zoning code
PSM-100
APN
524780-0335
UPID
US90-1375790
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Nino Studio Art Studio
-
Fred Holcomb Paintings Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Seattle 316 First LLC · 6 yrs held
Seattle 316 First LLC
since 2019
7 recorded transactions
Zoning & alternative use
PSM-100 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$93,994
Tax year 2022
Assessed value
$11,420,500
Assessed 2022
Previous assessed
$11,420,500
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$2,763,900
Assessed improvement
$8,656,600
Land market value
$2,763,900
Improvement market value
$8,656,600
Total market value
$11,420,500
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1905
Construction
WOOD
Heating
CENTRAL
Stories
7
Units
22
Total area
19,360 SF
Lot
0.15 ac (6,660 SF)
Zoning code
PSM-100
APN
524780-0335
UPID
US90-1375790
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PSM-100 · Seattle, WA
Zoning PSM-100 · permitted uses
PSM-100 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1905
Construction
WOOD
Heating
CENTRAL
Stories
7
Units
22
Lot
0.15 ac
Current owner
From public records · entity-resolved
Seattle 316 First LLC
Entity
Mailing address
315 1ST AVE S, SEATTLE, WA 98104-2500
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
Seattle 316 First LLC
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Sep 3, 2019
$13,553,000
Seattle 316 First LLC
Psq Portfolio LP
Bargain And Sale Deed
$10,000,000 · Opus Bank
Sep 1, 2017
—
Psq Portfolio LP
—
Deed
related
$4,314,000 · Bank Of America
Dec 9, 2011
$19,100,000
Psq Portfolio LP
General Electric Credit Equiti
Grant Deed
$10,500,000 · Bank Of America
Sep 23, 2011
$19,200,000
Electric Credit Equiti
Larson Michael A
Trustees Deed
related
—
Oct 23, 2007
$10,498,750
Intracorp Props Pioneer Portfo
Gre Seattle Quilt LLC
Grant Deed
$26,550,000 · General Electric Capital Corp
Sep 13, 2005
$7,485,700
Gre Seattle Quilt LLC
Seattle Quilt Building II-llc
Warranty Deed
$9,155,000 · Key Bank NA
Jul 27, 2001
—
Seattle Quilt Building II LLC
Black,alan F
Quit Claim Deed
related
—
Jun 14, 2001
—
Alan F Black
Seattle Quilt Building LLC
Quit Claim Deed
related
—
Mar 7, 2000
—
Seattle Quill Building LLC
Seattle Quilt Association
Quit Claim Deed
related
—
—
—
Psq Portfolio LP
—
Loan Modification
related
$4,314,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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