Back to Search
Property profile & analytics
FOR LEASE
Investment properties
3201 1St Ave S Seattle, WA 98134
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1740702
No photos on file
For Lease
$1,700/Mo
3201 1St Ave S, Seattle, WA 98134
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1923
Construction
WOOD
Total area
27,164 SF
Lot
0.2 ac (8,880 SF)
Zoning code
IG2 U/85
APN
766620-7420
UPID
US90-1740702
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
-
Seattle Sodo Storage Storage Facility
-
Remedy Pictures Film Production Television Studio
-
Straits Tech & Apparel Mobile Phone Store (Bike/Boat/Book/etc) Store
-
Cummings Fraser & Associates LLC Insurance Agency
-
R.A. Potter Construction LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.02M
CAP Approach
CAP
$5.52M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.10M
Owner & transaction history
Trigger Building LLC · 5 yrs held
Trigger Building LLC
since 2020
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
IG2 U/85 · 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
Method
Estimation
Statistic approach
$6,995,000
ML approach
$7,015,000
CAP Approach
CAP Return
Estimation
6%
$5,975,000
6.5%
$5,515,000
7%
$5,120,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,175,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$7.10M
Range $6.39M – $7.81M · ±10% · vs last sale $7.20M (Oct 23 2020)
Last sale anchor
$7.20M
Oct 23 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$261 / 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
$42,354
Tax year 2022
Assessed value
$5,008,500
Assessed 2022
Previous assessed
$5,008,500
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,065,600
Assessed improvement
$3,942,900
Land market value
$1,065,600
Improvement market value
$3,942,900
Total market value
$5,008,500
Applied tax rate
10.0000
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
1923
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
27,164 SF
Lot
0.2 ac (8,880 SF)
Zoning code
IG2 U/85
APN
766620-7420
UPID
US90-1740702
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG2 U/85 · Seattle, WA
Zoning IG2 U/85 · permitted uses
IG2 U/85 · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$11.2M
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1923
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Trigger Building LLC
Entity
Mailing address
PO BOX 810, EVERETT, WA 98206-0810
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2020
$7,200,000
Trigger Building LLC
3201 Trigger LLC
Warranty Deed
$3,680,000 · Telco Community Cu
Oct 14, 2019
—
3201 Trigger LLC
3201 J LLC
Quit Claim Deed
related
—
Oct 9, 2015
$1,200,100
3201 J LLC
Deputy Sheriff Of King County|3201 A & C LLC
Trustees Deed
related
—
Oct 5, 2015
$1,200,000
3201 J LLC
Sheriff Of King County|3201 A & C LLC
Trustees Deed
related
—
Nov 6, 2006
$2,500,000
3201 A & C LLC
K R Trigger Building LLC
Warranty Deed
$1,450,000 · Banner Bank
May 4, 2005
—
Kr Trigger Building LLC
Andrews,scott T & Lisa A
Quit Claim Deed
related
—
Jun 1, 2001
—
Scott T Andrews
—
Deed Of Trust
related
$1,064,600 · Us Small Business Admn
Apr 30, 1996
$485,000
Scott T Andrews
Dickey & Liebes INC
Grant Deed
$360,000 · Seller
—
—
Scott T Andrews
—
Deed Of Trust
related
$66,527 · Evergreenbank
—
—
Scott T Andrews
—
Deed Of Trust
related
$357,169 · Evergreenbank
—
—
Scott T Andrews
—
Deed Of Trust
related
$35,533 · Evergreenbank
—
—
K R Trigger Building LLC
—
Deed Of Trust
related
$850,000 · Viking Bank
—
—
Scott T Andrews
—
Deed Of Trust
related
$146,938 · Evergreenbank
—
—
Scott T Andrews
—
Deed Of Trust
related
$327,261 · Cowlitz Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
