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Property profile & analytics
OFF-MARKET
Parking lots & garages
416 1st W Ave Seattle, WA 98119-4018
Individually Owned
24-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1946654
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.17 ac (7,200 SF)
Zoning code
SM-UP 85 (M)
APN
198920-1160
UPID
US90-1946654
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
-
Premium Parking - P5524 Parking Lot & Garage
-
Morseville Crane Service Co. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Andrea Selig · 24 yrs held
Andrea Selig
since 2002
7 recorded transactions
Zoning & alternative use
SM-UP 85 (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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$30,602
Tax year 2022
Assessed value
$3,600,000
Assessed 2022
Previous assessed
$3,600,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$3,600,000
Land market value
$3,600,000
Total market value
$3,600,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.17 ac (7,200 SF)
Zoning code
SM-UP 85 (M)
APN
198920-1160
UPID
US90-1946654
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-UP 85 (M) · Seattle, WA
Zoning SM-UP 85 (M) · permitted uses
SM-UP 85 (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
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Andrea Selig
Individual
Free & Clear · 24 yrs held
Mailing address
1000 2ND AVE STE #1800, SEATTLE, WA 98104-3619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2017
—
Selig R & E Holdings Twenty LLC
—
Loan Modification
related
$75,000,000 · Miscellaneous Ins Co
Feb 10, 2016
—
Selig R & E Holdings Twenty LLC
—
Deed Of Trust
related
$71,800,000 · Miscellaneous Ins Co
Jun 3, 2013
—
Martin Selig
—
Loan Modification
related
$20,935,266 · Northern Trust Co
May 19, 2011
—
Martin Selig
—
Deed Of Trust
related
$25,553,750 · Northern Trust Bank
May 6, 2009
—
Martin Selig
—
Deed Of Trust
related
$24,347,182 · Northern Trust Bank
Nov 26, 2003
—
Selig Real Estate Holdings Twe
—
Deed Of Trust
related
$1,000,000 · Abc-pacific Corp
Jul 26, 2002
—
Andrea Selig
Selig,martin
Quit Claim Deed
related
—
Nov 2, 2001
—
Selig Real Estate Holding Four
—
Deed Of Trust
related
$2,057,000 · Centrum Financial Services INC
Jul 23, 2001
—
Selig Real Estate Holding Four
—
Deed Of Trust
related
$1,857,000 · Centrum Financial Services INC
—
—
Selig R & E Holdings Twenty LLC
—
Loan Modification
related
$50,000,000 · Goldman Sachs Bk USA
—
—
Martin Selig
—
Deed Of Trust
related
$250,000 · Pacifica Bank
—
—
Martin Selig
—
Deed Of Trust
related
$1,600,000 · Centrum Financial Services INC
—
—
Real Estate Holdings Ten Selig
—
Deed Of Trust
related
$967,711 · Seattle Construction Resource
—
—
Martin Selig
—
Deed Of Trust
related
$200,000 · Centrum Financial Services INC
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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