Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

415 1St Ave N Seattle, WA 98109

FOR LEASE
Office buildings
Property ID
US90-1274595
127,735 SF 0.66 ac lot Built 1964
Last sale Aug 2011
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail suite includes high ceilings and a large loading dock/patio area, along with on-site parking facilities. The space totals 20,489 square feet and is located directly across the street from the entrance to Climate Pledge Arena. The layout is suitable for retail use and may also accommodate a brewery, pub, or taproom configuration.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$164k
Tax billed · 2022
Assessed value$19.55M
Assessed land$14.40M
Assessed improvement$5.15M
Effective rate0.84%

Value estimate

· Oct 2026
$17.00M
$15.30M – $18.69M
NOI build-up
Gross scheduled income$450k
Vacancy & credit loss−$13k
Operating expenses−$131k
NOI · 10,183,600.00% cap applied$306k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$409/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$227 – $743

Cap rate analysis

How does the asset earn?
10,183,600.00%
$306k 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?
SM-UP 85 (M)
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.0
Butcher9.0
Watch Repair Shop8.3

Location

415 1St Ave N Seattle, WA 98109
County assessor Recorded deeds · 2 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
428 Westlake N, Seattle, WA 98109-5237 $47,600,000 Oct 2024 144,282 SF
500 Yale N, Seattle, WA 98109-5680 $52,345,000 Aug 2024 141,131 SF
617 Eastlake E, Seattle, WA 98109-5681 $1,400,000 Jul 2024 144,573 SF
1000 Dexter N, Seattle, WA 98109-3582 $47,500,000 Feb 2024 110,524 SF
1101 Westlake N, Seattle, WA 98109-3527 $151,500,000 Apr 2022 185,116 SF
425 Pontius N, Seattle, WA 98109-5474 $39,500,000 Mar 2022 134,056 SF
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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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