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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Industrial properties
4020 Leary NW Way Seattle, WA 98107-5002
Entity Owned
~
Est. High Equity
Property ID
US90-1752442
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1995
Construction
WOOD
Total area
10,548 SF
Lot
0.31 ac (13,294 SF)
Zoning code
C1-55 (M)
APN
744200-0350
UPID
US90-1752442
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
-
MTC Handyman Service Hardware & Home Improvement General Contractor
-
RainbowBody Healing Studio Alternative Medicine Practice
-
Seattle FlagMakers (Custom flags, pennants, and banners) (Bike/Boat/Book/etc) Store
-
Jessica Minckley Counselor Therapists
-
Pacific Art Therapy Counselor Emdr Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
41st Street Partners Property LLC
41st Street Partners Property LLC
since 2025
7 recorded transactions
Zoning & alternative use
C1-55 (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%
$1,590,000
6.5%
$1,470,000
7%
$1,365,000
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±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
$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
$29,022
Tax year 2022
Assessed value
$3,264,100
Assessed 2022
Previous assessed
$3,264,100
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$2,658,800
Assessed improvement
$605,300
Land market value
$2,658,800
Improvement market value
$605,300
Total market value
$3,264,100
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
SPACE
Buildings
3
Stories
3
Bathrooms
1
Total area
10,548 SF
Lot
0.31 ac (13,294 SF)
Zoning code
C1-55 (M)
APN
744200-0350
UPID
US90-1752442
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-55 (M) · Seattle, WA
Zoning C1-55 (M) · permitted uses
C1-55 (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.
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
SPACE
Stories
3
Buildings
3
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
41st Street Partners Property LLC
Entity
Mailing address
819 N 49TH ST STE #400, SEATTLE, WA 98103-6577
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
—
41st Street Partners Property LLC
41st Street Partners LP
Special Warranty Deed
$71,000,000 · German American Capital Corp
Aug 30, 2016
—
41st Street Partners LP
—
Deed
related
$2,500,000 · Heritage Bank
Aug 20, 1990
$160,000
Street Partners L P 41st
Crook,marjorie
Grant Deed
—
—
—
41st Streer Partners LP
—
Deed Of Trust
related
$1,550,000 · Archon Financial LP
—
—
41st Street Partners LP
—
Deed Of Trust
related
$745,000 · First Mutual Savings Bank
—
—
41st Street Partners LP
—
Deed Of Trust
related
$2,135,763 · Bank Of The West
—
—
41st Street Partners
—
Deed Of Trust
related
$1,800,000 · North County Bank
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.
Try Rey
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