Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4516 Meridian N Ave Seattle, WA 98103-5073

    • Commercial real estate
    • 16,430 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $2,675,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1696572
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wallingford Studios / Apartment Building

    Property Details for 4516 Meridian N Ave

    Year built
    2013
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    16,430 SF
    Zone code
    NC2-55 (M)
    Property type
    Commercial real estate
    APN
    051000-0775
    APU
    510000775

    Description

    This exceptional 372-square-foot retail space is ideally situated at 4516 Meridian Ave N in Seattle, Washington, within the 98103 zip code. Located in King County, this single-tenant property offers a fantastic opportunity for a variety of businesses. The entire 372 square feet is currently vacant, providing immediate occupancy for a new tenant. The property's classification is retail, making it suitable for a wide range of retail ventures. Its convenient location in Seattle offers excellent visibility and accessibility for customers. The property's address is precisely 4516 Meridian Ave N, Seattle, WA 98103, with GPS coordinates of 47.66206 latitude and -122.3333979 longitude. This presents a unique chance to establish a presence in a thriving Seattle neighborhood. The space is ready for immediate lease and offers a blank canvas for a business to customize and thrive. Interested parties are encouraged to inquire further to explore the possibilities this property presents. The property is available for lease and is a single-tenant space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.333
    Latitude
    47.662
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,778
    $1,824,000
    $1,041,500
    $2,865,500
    -
    $1,824,000
    $1,041,500
    $2,865,500

    Comparable in this City

    • Value Estimation
      $1,295,000
      5,837 SF

      101 85th St

      COMMERCIAL (GENERAL) • 5,837 SF
      101 85th St, Seattle, WA 98103-3657
      View Details
    • Value Estimation
      $6,180,000
      27,095 SF

      3419 Fremont N Ave

      COMMERCIAL (GENERAL) • 27,095 SF
      3419 Fremont N Ave, Seattle, WA 98103-8811
      View Details
    • Value Estimation by Request
      2,280 SF

      Seattle, WA 98103

      COMMERCIAL (GENERAL) • 2,280 SF
      Seattle, WA 98103
      View Details
    • Value Estimation
      $670,000
      3,820 SF

      3409 Stone N Way

      COMMERCIAL (GENERAL) • 3,820 SF
      3409 Stone N Way, Seattle, WA 98103-8958
      View Details
    • Value Estimation
      $2,675,000
      18,097 SF

      3640 Woodland Park N Ave

      COMMERCIAL (GENERAL) • 18,097 SF
      3640 Woodland Park N Ave, Seattle, WA 98103-7906
      View Details
    • Value Estimation
      $4,740,000
      34,546 SF

      8623 Palatine N Ave

      COMMERCIAL (GENERAL) • 34,546 SF
      8623 Palatine N Ave, Seattle, WA 98103-3690
      View Details

    Similar Nearby for Sale

    • $2,750,000

      Mixed-Use Building in Seattle

      Masonry building with warehouse, office, and residential space.
      3631 Interlake Ave N, Seattle, WA 98103
      View Details
    • $3,650,000

      Green Lake Apartments Value-Add Opportunity

      Eleven-unit apartment building near Green Lake with value-add potential.
      7919 Wallingford Ave N Seattle, Seattle, WA 98103
      View Details
    • $1,450,000
      5,000 SF

      Fremont Development Opportunity

      5,000 SF lot in Fremont Urban Village.
      3644 Greenwood Ave N, Seattle, WA 98103
      View Details
    • $2,225,000

      Mixed-Use Development Opportunity Near Green Lake

      Prime location for mixed-use development in Aurora Licton Springs.
      8601 Aurora Ave N, Seattle, WA 98103
      View Details
    • $2,600,000
      6,500 SF

      Land Parcel Near Lake Union

      6,500 square foot land parcel near vibrant retail street.
      3622 Woodland Park Ave N, Seattle, WA 98103
      View Details
    • $5,500,000

      Greenwood Mixed-Use Investment Opportunity

      Stabilized mixed-use property in Seattle's Greenwood neighborhood with income potential.
      8212-8218 Greenwood Ave N, Seattle, WA 98103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,221 SF

      Retail Space with High Visibility

      Generously sized retail space with ample natural light available now.
      1215-1255 N 45Th St, Seattle, WA 98103
      View Details
    • Contact for pricing
      25,156 SF

      Seattle Industrial Space Available

      25,156 SF industrial property for lease in Seattle.
      3400 Phinney Ave N, Seattle, WA 98103
      View Details
    • $25 SF/Yr
      1,063 SF

      Fremont Office Space For Rent

      Office space for rent in the Fremont area.
      1914 N 34Th St, Seattle, WA 98103
      View Details
    • Contact for pricing
      1,532 SF

      Retail Space in Piper Village

      Former vet clinic space in a premier retail hub.
      8623 Palatine Ave N, Seattle, WA 98103
      View Details
    • $39 SF/Yr
      4,764 SF

      Modern Updated Office Space Available

      Modern, updated office space available for sublease through July 2027.
      408 N 35Th St, Seattle, WA 98103
      View Details
    • $22 SF/Yr
      894 SF

      Seattle Office Space For Rent

      Office space available for lease in Seattle, Washington.
      2151 North Northlake Way, Seattle, WA 98103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4516 Meridian N Ave
    Seattle, WA 98103-5073
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.