Financial
Distress signals
Property profile

400 Spring St Seattle, WA 98101

FOR LEASE
Hotels
Property ID
US90-0039695
65,009 SF 0.19 ac lot Built 1928
Last sale May 2020 · $13,375
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 775-square-foot retail space is located on Spring Street. The space was previously used as a salon and is partially built out, with areas that can be renovated to support a new retail configuration. It is situated adjacent to the lobby of the Executive Pacific Hotel, which has 153 rooms, and the property is positioned to serve hotel guests and office workers within the surrounding downtown business core.

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?
$296k
Tax billed · 2022
Assessed value$36.31M
Assessed land$12.90M
Assessed improvement$23.41M
Effective rate0.82%

Value estimate

· Sep 2026
$2.75M
$2.47M – $3.02M
Submarket $/SF estimate$2.19M
NOI build-up
Gross scheduled income$17k
Vacancy & credit loss−$510
Operating expenses−$5k
NOI · 36,112.50% cap applied$12k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$331/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$230 – $473

Cap rate analysis

How does the asset earn?
36,112.50%
$12k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DOC1 U/450/U
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat9.3
Pet Grooming Service7.4
Pet Store6.2

Location

400 Spring St Seattle, WA 98101
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file 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

1 recorded sale · 9 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
700 3rd Ave, Seattle, WA 98104-1894 $30,320,000 Jul 2022 No data
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?”
More about this property
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