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

    317 Bennett St Seattle, WA 98108-2228

    • Manufacturing properties
    • 8,000 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3221923
    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

    • Christopher McCafferty Premier Vocal Coach / School
    • Working Green / Association Or Organization

    Property Details for 317 Bennett St

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.34 lot acres
    Property size
    8,000 SF
    Zone code
    C1-75 (M)
    Property type
    Manufacturing properties
    APN
    526330-0330
    APU
    5263300330

    Description

    This exceptional 8,000 square foot industrial property, located at 317 S Bennett St in Seattle, WA, presents a significant opportunity for businesses seeking versatile manufacturing or warehouse space. Situated in King County, zip code 98108, this property offers a total of 8,000 square feet currently available for lease. The building is configured to accommodate multiple tenants, providing flexibility for various business needs. Each of the two available spaces encompasses 4,000 square feet, offering ample room for operations, storage, or a combination thereof. The property's industrial classification makes it suitable for a wide range of manufacturing and warehousing activities. Its strategic location in Seattle provides easy access to major transportation routes, facilitating efficient logistics and distribution. The property is ready for immediate occupancy, allowing businesses to quickly establish their operations. This is an excellent opportunity to secure prime industrial space in a thriving Seattle location. The property's size and layout offer significant potential for growth and expansion. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is classified as industrial, with a subtype of manufacturing and warehouse. The address is 317 S Bennett St, Seattle, WA 98108.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $416,000
      Market price range: $176k - $623k

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.33
    Latitude
    47.5547
    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
    $18,682
    $1,950,000
    $1,000
    $1,951,000
    -
    $1,950,000
    $1,000
    $1,951,000

    Comparable in this City

    • Value Estimation
      $625,000
      44,445 SF

      5801 3rd S Ave

      MANUFACTURING (LIGHT) • 44,445 SF
      5801 3rd S Ave, Seattle, WA 98108-3205
      View Details
    • Value Estimation
      $505,000
      24,925 SF

      1313 96th St

      MANUFACTURING (LIGHT) • 24,925 SF
      1313 96th St, Seattle, WA 98108-5011
      View Details
    • Value Estimation
      $545,000
      25,000 SF

      115 Lucile St

      MANUFACTURING (LIGHT) • 25,000 SF
      115 Lucile St, Seattle, WA 98108-2431
      View Details
    • Value Estimation
      $345,000
      16,392 SF

      6239 Corson S Ave

      MANUFACTURING (LIGHT) • 16,392 SF
      6239 Corson S Ave, Seattle, WA 98108-3443
      View Details
    • Value Estimation
      $560,000
      16,767 SF

      5800 Corson S Ave

      MANUFACTURING (LIGHT) • 16,767 SF
      5800 Corson S Ave, Seattle, WA 98108-2606
      View Details
    • Value Estimation
      $380,000
      6,822 SF

      751 Michigan St

      MANUFACTURING (LIGHT) • 6,822 SF
      751 Michigan St, Seattle, WA 98108-2636
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      12 SF

      Warehouse Space Near Boeing Field

      Warehouse space suitable for manufacturing, fabrication, or light distribution.
      6401 Carleton Ave S | Seattle, Seattle, WA 98108
      View Details
    • $2,201,250

      Versatile Commercial Shell Space Available

      Adaptable commercial space in Seattle, ready for customization.
      8500 14Th Ave S, Seattle, WA 98108
      View Details
    • $5,450,000

      Georgetown Warehouse with Divisible Space

      19,345 SF warehouse divisible into three units with offices.
      215 Findlay St, Seattle, WA 98108
      View Details
    • Contact for pricing
      15,960 SF

      Georgetown Flex Space Available

      High-quality, divisible flex space in dynamic Georgetown neighborhood.
      6363 7Th Ave S, Seattle, WA 98108
      View Details
    • $4,000,000
      65,918 SF

      Secured IOS Yard For Sale

      1.51 AC fenced yard with immediate highway access.
      7601 2Nd Ave S, Seattle, WA 98108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,050 SF

      Seattle Industrial Property with Crane

      Industrial property featuring a crane system and wash bay.
      150 South River St, Seattle, WA 98108
      View Details
    • $0.36 SF/Yr
      16,461 SF

      Industrial and Dead Storage Space

      Affordable industrial and dead storage space near downtown Seattle.
      1943 1St Ave S, Seattle, WA 98108
      View Details
    • $1.20 SF/Yr
      11,699 SF

      Fremont Freestanding Office, Warehouse, Lab

      Divisible office, warehouse, and lab building with great views.
      3950 6Th Ave NW, Seattle, WA 98108
      View Details
    • Contact for pricing
      12,240 SF

      Industrial Space with Fenced Yard

      12,240 SF industrial space with office and fenced yard.
      7501 2Nd Ave S, Seattle, WA 98108
      View Details
    • Contact for pricing
      10,800 SF

      Georgetown Warehouse with Secure Yard

      10,800 SF warehouse with secure yard in Georgetown.
      111 S Findlay St, Seattle, WA 98108
      View Details
    • Contact for pricing
      27,560 SF

      Seattle Warehouse Space For Rent

      27,560 SF warehouse with easy access to I-5 & I-90.
      4201 6Th Ave S, 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.
    317 Bennett St
    Seattle, WA 98108-2228
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.