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Property profile & analytics
FOR SALE
Manufacturing properties
4301 Leary Way NW, Seattle, WA 98107
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0406019
For Sale
$2,690,000
4301 Leary Way NW, Seattle, WA 98107
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
WOOD
Total area
21,065 SF
Lot
0.6 ac (26,309 SF)
Zoning code
IG2 U/65
APN
251600-0075
UPID
US90-0406019
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
-
Hale's Ales Palladium Hotel & Motel Resort
-
Ballard Comedy Club Nightclub Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.69M
Owner & transaction history
Hales Holdings LLC · 26 yrs held
Hales Holdings LLC
since 1999
7 recorded transactions
Zoning & alternative use
IG2 U/65 · 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%
$3,180,000
6.5%
$2,935,000
7%
$2,725,000
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±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
$128 / 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
$53,524
Tax year 2022
Assessed value
$5,980,200
Assessed 2022
Previous assessed
$5,980,200
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$4,077,800
Assessed improvement
$1,902,400
Land market value
$4,077,800
Improvement market value
$1,902,400
Total market value
$5,980,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1962
Construction
WOOD
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
21,065 SF
Lot
0.6 ac (26,309 SF)
Zoning code
IG2 U/65
APN
251600-0075
UPID
US90-0406019
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG2 U/65 · Seattle, WA
Zoning IG2 U/65 · permitted uses
IG2 U/65 · 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
1962
Construction
WOOD
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
0.6 ac
Current owner
From public records · entity-resolved
Hales Holdings LLC
Entity
Mailing address
4 EMBARCADERO CTR, SAN FRANCISCO, CA 94111-4106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
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
Jun 3, 2022
—
4301 Leary Owner LLC
—
Deed
related
$4,500,000 · Hales Holdings LLC
Jul 8, 2021
—
Hales Holdings LLC
—
Deed
related
$150,000 · David E Mcgrane Etal
Jul 14, 1999
$1,551,637
Hales Holdings LLC
Hyden,larry L & Lois A
Grant Deed
related
$1,610,000 · Sterling Savings Bank
Dec 18, 1992
$1,250,000
Larry Hayden
Kem Equipment In
Grant Deed
$1,175,000 · Seattle-first National Bank
—
—
Hales Holdings LLC
—
Loan Modification
related
$2,291,700 · Umpqua Bk
—
—
Larry Hayden
—
Deed Of Trust
related
$562,784 · Seafirst Bank
—
—
Hales Holdings LLC
—
Deed Of Trust
related
$900,000 · Sterling Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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