Financial
Distress signals
Property profile

3625 1St Ave S Seattle, WA 98134

FOR LEASE
Refrigerated & Cold Storage
Property ID
US90-1172027
60,708 SF 4.59 ac lot Built 1943
Last sale Jun 2021 · $22,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
3625 1St Ave S, Seattle, WA 98134 For Lease
Contact for pricing 1,950 SF available
3625 1St Ave S, Seattle, WA 98134
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Property summary

AI-generated overview

The property is a commercial truck-yard site comprising 4.6 acres of paved, fenced, and lit outdoor area. On-site, it includes a 1,950-square-foot operations/shop building. An adjacent 24,000-square-foot building is positioned to be accessed via ramps from the yard, supporting operations that benefit from direct truck-yard and warehouse-style connectivity. The site is located near major freeway access via the Spokane Street on-ramp and is approximately one mile from the Port of Seattle/Harbor…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$142k
Tax billed · 2022
Assessed value$12.83M
Assessed land$11.00M
Assessed improvement$1.84M
Effective rate1.11%

Value estimate

· Oct 2026
$21.01M
$18.91M – $23.11M
Submarket $/SF estimate$18.12M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$292/SF
ZIP average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$139 – $415
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IG1 U/85
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store8.9
Dental Office8.8
Tanning Salon7.8

Location

3625 1St Ave S Seattle, WA 98134
County assessor Recorded deeds · 10 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5901 Marginal S, Seattle, WA 98134-2414 $7,500,000 Dec 2025 119,990 SF
3223 3rd S, Seattle, WA 98134-1943 $12,500,000 Feb 2025 48,280 SF
800 Maynard S, Seattle, WA 98134-1334 $8,750,000 Jan 2025 72,000 SF
5510 Marginal S, Seattle, WA 98134-2412 $5,725,000 May 2024 30,545 SF
2752 6th S, Seattle, WA 98134-2102 $4,500,000 Aug 2023 33,482 SF
4727 Denver S, Seattle, WA 98134-2316 $8,200,000 Jan 2023 104,786 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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