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Property profile & analytics
OFF-MARKET
Estimated value
$11,780,000
Retail space
400 Broad St Seattle, WA 98109-4607
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1519716
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
STEEL FRAME
Total area
48,808 SF
Lot
0.44 ac (19,320 SF)
Zoning code
SM-UP 95 (M)
APN
198520-0495
UPID
US90-1519716
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
-
The Loupe Lounge Bar & Pub Nightclub
-
Atmos Café Cafe & Coffee Shop
-
Seattle's Iconic Space Needle Tower Resort
-
Seattle CityPASS Resort
-
Observation Deck Observation Deck
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.78M
Owner & transaction history
Space Needle LLC · 19 yrs held
Space Needle LLC
since 2007
6 recorded transactions
Zoning & alternative use
SM-UP 95 (M) · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,130,000
6.5%
$11,195,000
7%
$10,395,000
Alternative Use
Use
Estimation
RETAIL STORES
$19,570,000
Current use
APARTMENT HOUSE (5+ UNITS)
$17,310,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$16,785,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$11.78M
Range $10.60M – $12.96M · ±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
$241 / 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
$382,651
Tax year 2022
Assessed value
$46,680,600
Assessed 2022
Previous assessed
$46,680,600
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$10,143,000
Assessed improvement
$36,537,600
Land market value
$10,143,000
Improvement market value
$36,537,600
Total market value
$46,680,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Total area
48,808 SF
Lot
0.44 ac (19,320 SF)
Zoning code
SM-UP 95 (M)
APN
198520-0495
UPID
US90-1519716
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-UP 95 (M) · Seattle, WA
Zoning SM-UP 95 (M) · permitted uses
SM-UP 95 (M) · 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
$19.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.3M
MEDICAL BUILDING
Est. value
$16.8M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1961
Construction
STEEL FRAME
Heating
OTHER
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Space Needle LLC
Entity
Mailing address
1050 W EWING ST, SEATTLE, WA 98119-1422
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2019
—
Space Needle LLC
—
Deed
related
$115,000,000 · Wells Fargo Bank NA
Dec 28, 2018
—
Space Needle LLC
—
Grant Deed
related
$120,000,000 · Goldman Sachs Bk USA
May 4, 2017
—
Space Needle LLC
—
Deed
related
$100,000,000 · Goldman Sachs Bank USA
Apr 18, 2007
—
Space Needle LLC
Space Needle Holding Corp
Special Warranty Deed
$49,500,000 · Citigroup Global Markets Realty Cor
Sep 7, 2004
—
500 Mercer Partners LLC
—
Trustees Deed
related
$800,000 · Frontier Bank
—
—
Space Needle Corp
—
Deed Of Trust
related
$22,000,000 · Washington Capital Joint Maste
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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