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Property profile & analytics
OFF-MARKET
Estimated value
$3,425,000
Office Spaces
3408 1st S Ave Seattle, WA 98134-1805
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1445435
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1921
Construction
WOOD
Total area
16,800 SF
Lot
1.66 ac (72,124 SF)
Zoning code
IG1 U/85
APN
766620-5835
UPID
US90-1445435
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
-
Abbott Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.41M
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.43M
Owner & transaction history
Clyde Equipment Building LLC · 6 yrs held
Clyde Equipment Building LLC
since 2020
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
IG1 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
$3,365,000
ML approach
$3,405,000
CAP Approach
CAP Return
Estimation
6%
$3,695,000
6.5%
$3,410,000
7%
$3,170,000
Blend value · Realmo final
$3.43M
Range $3.08M – $3.77M · ±10% · vs last sale $3.47M (Apr 17 2020)
Last sale anchor
$3.47M
Apr 17 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
$204 / 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
$75,795
Tax year 2022
Assessed value
$7,661,000
Assessed 2022
Previous assessed
$7,661,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$5,048,600
Assessed improvement
$2,612,400
Land market value
$5,048,600
Improvement market value
$2,612,400
Total market value
$7,661,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1921
Construction
WOOD
Heating
OTHER
Buildings
2
Stories
1
Total area
16,800 SF
Lot
1.66 ac (72,124 SF)
Zoning code
IG1 U/85
APN
766620-5835
UPID
US90-1445435
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG1 U/85 · Seattle, WA
Zoning IG1 U/85 · permitted uses
IG1 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.
Building & site characteristics
From public records
Year built
1921
Construction
WOOD
Heating
OTHER
Stories
1
Buildings
2
Lot
1.66 ac
Current owner
From public records · entity-resolved
Clyde Equipment Building LLC
Entity
Free & Clear · 6 yrs held
Mailing address
4039 21ST AVE W STE #306, SEATTLE, WA 98199-1252
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2020
—
Clyde Equipment Building LLC
Michael C Slattery
Quit Claim Deed
related
—
Feb 4, 2020
$3,465,000
Michael C Slattery
Omd Properties LLC
Warranty Deed
—
Aug 7, 2019
—
Michael C Slattery
Clyde Equipment LLC
Quit Claim Deed
related
—
Oct 28, 2004
$2,200,000
Clyde Equipment LLC
Crown Diamond Mattress INC
Warranty Deed
—
Feb 27, 1997
$1,025,000
Crown Diamond Mattress INC
Beckwith,bruce J
Grant Deed
$725,000 · Seller
Mar 8, 1991
$800,000
Bruce J Beckwith
Castings Northwe
Grant Deed
$504,000 · Us Bank Of Washington
—
—
Bruce J Beckwith
—
Deed Of Trust
related
$450,000 · Source Capital Corp
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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