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Property profile & analytics
OFF-MARKET
Estimated value
$4,050,000
Retail space
3201 Fairview E Ave Seattle, WA 98102-3018
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1213431
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
STEEL FRAME
Total area
16,231 SF
Lot
1.44 ac (62,890 SF)
Zoning code
C2-40
APN
408880-1490
UPID
US90-1213431
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
-
Union Marine Seattle Boat Showroom (Bike/Boat/Book/etc) Store
-
Lake Union Sea Ray (Bike/Boat/Book/etc) Store
-
Connie Roggenbuck Coaching Life Coach
-
Union Marine Boat Rental Boat Rental Service Boat Dealer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.73M
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$4.05M
Owner & transaction history
3201 Fairview Ave LLC · 8 yrs held
3201 Fairview Ave LLC
since 2017
4 recorded transactions
Zoning & alternative use
C2-40 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.7M
+2.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,035,000
6.5%
$3,725,000
7%
$3,455,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,510,000
Current use
AUTO REPAIR, GARAGE
$6,680,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,755,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$5,735,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$5,580,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.05M
Range $3.65M – $4.46M · ±10%
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
$250 / 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
$74,276
Tax year 2022
Assessed value
$8,242,000
Assessed 2022
Previous assessed
$8,242,000
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$4,649,200
Assessed improvement
$3,592,800
Land market value
$4,649,200
Improvement market value
$3,592,800
Total market value
$8,242,000
Applied tax rate
13.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
SPACE
Cooling
REFRIGERATOR
Buildings
2
Stories
2
Total area
16,231 SF
Lot
1.44 ac (62,890 SF)
Zoning code
C2-40
APN
408880-1490
UPID
US90-1213431
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C2-40 · Seattle, WA
Zoning C2-40 · permitted uses
C2-40 · 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
RETAIL STORES Current
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
2002
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
3201 Fairview Ave LLC
Entity
Mailing address
50 PORTLAND PIER #400, PORTLAND, ME 04101
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
—
3201 Fairview Ave LLC
—
Deed
related
$3,500,000 · Community Neighbor Bank
Aug 25, 2017
$7,000,000
3201 Fairview Ave LLC
Boatyard LLC
Warranty Deed
$4,900,000 · Boatyard LLC
Feb 27, 1997
$4,400,000
Boatyard LLC
Boat & Vessel Repair INC
Grant Deed
related
—
May 12, 1989
$2,150,000
Boat & Vessell Repair INC
Boat Yard INC
Grant Deed
related
—
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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