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

    3830 Aurora N Ave Seattle, WA 98103-8703

    • Commercial land
    • 2,304 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Mar 06, 2020
    $7,650,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0835672
    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

    • RR Boulanger Construction / General Contractor
    • Hidalgo Flores D / House Cleaning Service

    Property Details for 3830 Aurora N Ave

    Year built
    1900
    Construction
    WOOD FRAME
    Lot size
    0.07 lot acres
    Property size
    2,304 SF
    Zone code
    C1-55 (M)
    Property type
    Commercial land
    APN
    197220-1695
    APU
    1972201695

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.347
    Latitude
    47.6537
    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
    $593
    $462,400
    $0.00
    $462,400
    -
    $462,400
    $0.00
    $462,400

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      8210 Grn Lk N Dr

      VACANT COMMERCIAL LAND • 0.01 Acres
      8210 Grn Lk N Dr, Seattle, WA 98103-4413
      View Details
    • Value Estimation by Request
      0.00 Acres

      403 34th St

      VACANT COMMERCIAL LAND • 0.00 Acres
      403 34th St, Seattle, WA 98103-8601
      View Details
    • Value Estimation by Request
      0.13 Acres

      3816 Woodland Park N Ave

      VACANT COMMERCIAL LAND • 1,914 SF
      3816 Woodland Park N Ave, Seattle, WA 98103-7926
      View Details
    • Value Estimation by Request
      0.09 Acres

      7020 Greenwood N Ave

      VACANT COMMERCIAL LAND • 3,766 SF
      7020 Greenwood N Ave, Seattle, WA 98103-5036
      View Details
    • Value Estimation by Request
      0.22 Acres

      1115 94th St

      VACANT COMMERCIAL LAND • 910 SF
      1115 94th St, Seattle, WA 98103-3305
      View Details
    • Value Estimation by Request
      0.06 Acres

      907 47th St

      VACANT COMMERCIAL LAND • 1,180 SF
      907 47th St, Seattle, WA 98103-6612
      View Details

    Similar Nearby for Sale

    • $2,225,000

      Mixed-Use Development Opportunity Near Green Lake

      Prime location for mixed-use development in Aurora Licton Springs.
      8601 Aurora Ave N, Seattle, WA 98103
      View Details
    • $2,600,000
      6,500 SF

      Land Parcel Near Lake Union

      6,500 square foot land parcel near vibrant retail street.
      3622 Woodland Park Ave N, Seattle, WA 98103
      View Details
    • $2,600,000
      6,500 SF

      Land Parcel Near Lake Union

      6,500 SF land parcel near vibrant retail area.
      3622-3632 Woodland Park Ave N, Seattle, WA 98103
      View Details
    • $1,495,000

      Corner Land Near Gas Works

      Development opportunity near Gas Works Park and Burke Gilman Trail.
      1801 34Th St, Seattle, WA 98103
      View Details
    • $36,500,000

      Seattle Commercial Land For Sale

      Large commercial parcel in Seattle's Bitter Lake Urban Village.
      11762 Aurora Ave N, Seattle, WA 98103
      View Details
    • $625,000
      5,000 SF

      Vacant Land in Green Lake

      Vacant land suitable for various development projects.
      8849 Nesbit Ave N, Seattle, WA 98103
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      2,342 SF

      Modern Office Building in Fremont

      High-visibility office space with abundant light and modern amenities.
      701 N 36Th St, Seattle, WA 98103
      View Details
    • Contact for pricing
      4,260 SF

      Fremont Avenue Retail Space Available

      Retail space available for lease in Seattle, Washington.
      3400-3410 Fremont Ave N, Seattle, WA 98103
      View Details
    • $30 SF/Yr
      1,525 SF

      Renton Retail/Medical Space Available

      Retail or medical space available now with rear door.
      101 SW 41St St, Renton, WA 98103
      View Details
    • $35 SF/Yr
      1,300 SF

      Stone Way Retail Space Available

      Street-level retail space in Seattle's Stone Way corridor.
      4201-4205 Stone Way N, Seattle, WA 98103
      View Details
    • $32 SF/Yr
      1,060 SF

      Retail Space in Apartment Complex

      Retail space available at the base of an apartment complex.
      8551 Greenwood Ave N, Seattle, WA 98103
      View Details
    • $35 SF/Yr
      3,012 SF

      Stone Way Retail Space Available

      Retail space in high-traffic Stone Way corridor, Seattle.
      4007-4015 Stone Way N, Seattle, WA 98103
      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.
    3830 Aurora N Ave
    Seattle, WA 98103-8703
    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.