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Property profile & analytics
OFF-MARKET
Estimated value
$23,805,000
Retail space
401 Broadway Seattle, WA 98122
Individually Owned
11-yr Hold
Free & Clear
Property ID
US90-1621462
Property summary
AI-generated overview
This exceptional retail property, located at 401 East Broadway in Seattle's vibrant 98102 zip code, offers a unique opportunity for businesses seeking high-visibility locations. The property, known as Broadway Market, is a three-suite strip center totaling 140,241 square feet. Currently, 5,533 square feet are available, divisible into spaces ranging from a minimum of 1,377 square feet to a maximum contiguous space of 2,645 square feet. Situated in King County, this landmark property benefits from its location within a walkable, densely populated neighborhood characterized by a tech-savvy and affluent customer base. The property's prime location ensures high foot traffic and excellent visibility, making it an ideal choice for a variety of retail businesses. The multiple suite configuration offers flexibility for businesses of different sizes and needs. This is a rare opportunity to secure retail space in a highly desirable Seattle location. The address is 401 East Broadway, Seattle, WA.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
STEEL FRAME
Total area
170,350 SF
Lot
0.83 ac (36,269 SF)
Zoning code
NC3P-75 (M1)
APN
685070-0315
UPID
US90-1621462
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
-
A Mixed Bag (Bike/Boat/Book/etc) Store
-
Adam Carmel Physician Medical Clinic
-
Mark B. Snowden Physician
-
Dr. Whitney L. Carlson, MD Physician
-
Pacific Northwest Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.81M
Owner & transaction history
Broadway Market Ll Columbia II · 11 yrs held
Broadway Market Ll Columbia II
since 2014
7 recorded transactions
Zoning & alternative use
NC3P-75 (M1) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$140 / 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
$320,179
Tax year 2022
Assessed value
$38,593,000
Assessed 2022
Previous assessed
$38,593,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$33,000,000
Assessed improvement
$5,593,000
Land market value
$33,000,000
Improvement market value
$5,593,000
Total market value
$38,593,000
Applied tax rate
13.0000
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
1950
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
170,350 SF
Lot
0.83 ac (36,269 SF)
Zoning code
NC3P-75 (M1)
APN
685070-0315
UPID
US90-1621462
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-75 (M1) · Seattle, WA
Zoning NC3P-75 (M1) · permitted uses
NC3P-75 (M1) · 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
1950
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Broadway Market Ll Columbia II
Individual
Free & Clear · 11 yrs held
Mailing address
PO BOX 2539, SAN ANTONIO, TX 78299-2539
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2014
$43,000,000
Broadway Market Ll Columbia II
401 Broadway Market LLC
Grant Deed
—
Mar 25, 2011
$14,700,000
401 Broadway Market LLC
Broadway Market Properties LP
Grant Deed
$14,100,000 · Connecticut General Life Ins
Dec 7, 2009
—
Broadway Market Properties
—
Deed Of Trust
related
$15,127,101 · J P Morgan Chase Bank
Nov 18, 1999
—
Landmark Theatre Corp
—
Deed Of Trust
related
$50,000,000 · Farallon Capital Funding Ttee
Oct 14, 1999
$15,557,700
Broadway Market Properties LP
Market LP
Grant Deed
related
$16,750,000 · Fleet National Bank
—
—
Columbia II Broadway Market Ll
—
Deed Of Trust
related
$21,500,000 · Pnc Bk
—
—
Broadway Market Properties LP
—
Deed Of Trust
related
$16,500,000 · Bank One NA
—
—
Broadway Market Properties
—
Deed Of Trust
related
$500,000 · Bank One NA
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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