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Property profile & analytics
FOR LEASE
Office buildings
4261 Roosevelt Way NE, Seattle, WA 98105
Individually Owned
13-yr Hold
Free & Clear
Property ID
US90-1574694
For Lease
1 / 2
$25 SF/Yr
4261 Roosevelt Way NE, Seattle, WA 98105
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Construction
CONCRETE
Total area
16,680 SF
Lot
0.12 ac (5,065 SF)
Zoning code
SM-U 75-240 (M1)
APN
114500-0165
UPID
US90-1574694
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
-
Jack Straw Cultural Center Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.25M
Owner & transaction history
Dixon A Ervin JR. · 13 yrs held
Dixon A Ervin JR.
since 2013
2 recorded transactions
Zoning & alternative use
SM-U 75-240 (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
$135 / 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
$19,948
Tax year 2022
Assessed value
$2,337,300
Assessed 2022
Previous assessed
$2,337,300
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,656,300
Assessed improvement
$681,000
Land market value
$1,656,300
Improvement market value
$681,000
Total market value
$2,337,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1924
Construction
CONCRETE
Heating
HEAT PUMP
Stories
3
Total area
16,680 SF
Lot
0.12 ac (5,065 SF)
Zoning code
SM-U 75-240 (M1)
APN
114500-0165
UPID
US90-1574694
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-U 75-240 (M1) · Seattle, WA
Zoning SM-U 75-240 (M1) · permitted uses
SM-U 75-240 (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
1924
Construction
CONCRETE
Heating
HEAT PUMP
Stories
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
Dixon A Ervin JR.
Individual
Free & Clear · 13 yrs held
Mailing address
425 PONTIUS AVE N STE #203, SEATTLE, WA 98109-5450
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2013
—
Dixon A Ervin JR.
Bank Of New York Mell 1996-a
Warranty Deed
—
Oct 16, 1989
$630,000
Jack Straw Foundation
Ervin,dixon A JR
Grant Deed
$554,400 · Seller
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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