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Financial
Distress signals
Property profile

452 12Th Ave Seattle, WA 98122

FOR LEASE
Other investment properties
Property ID
US90-0973303
3,500 SF 0.17 ac lot Built 1923
Last sale Sep 2019 · $2,899,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
452 12Th Ave, Seattle, WA 98122 For Lease
Contact for pricing 605 SF available
452 12Th Ave, Seattle, WA 98122
View Listing

Property summary

AI-generated overview

The property comprises a restored mixed-use building with ground-floor retail and restaurant spaces and a 22-unit apartment addition above, with the residential addition scheduled for completion in Summer 2024. The commercial interiors feature high ceilings, large timber beams, and exposed steel structural bracing. Available retail spaces are approximately 661 sq ft and 605 sq ft, and a restaurant space is approximately 1,165 sq ft; retail and restaurant spaces can be combined. The restaurant…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$23k
Tax billed · 2024
Assessed value · 2023$2.14M
Assessed land$2.14M
Assessed improvement$1k
Effective rate1.07%

Value estimate

· Oct 2026
$525k
$473k – $578k
AI approach$510k
CAP approach$710k
Submarket $/SF estimate$354k
NOI build-up
Gross scheduled income$13k
Vacancy & credit loss−$398
Operating expenses−$4k
NOI · 23,739.47% cap applied$9k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$556/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$352 – $785
Qualifying comparables7

Cap rate analysis

How does the asset earn?
23,739.47%
$9k 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?
NC3P-55 (M)
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping distr...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.7
Electrical Service7.9
Tanning Salon7.3

Location

452 12Th Ave Seattle, WA 98122
County assessor Recorded deeds · 4 transfers 7 qualifying comp sales 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1510 Olive, Seattle, WA 98122-2130 $4,000,000 Mar 2025 6,507 SF
2215 Marion, Seattle, WA 98122-4843 $250,000 Dec 2022 1,766 SF
611 Pne, Seattle, WA 98122-2323 $1,500,000 Mar 2021 3,360 SF
2210 Cherry, Seattle, WA 98122-4852 $900,000 Feb 2021 2,416 SF
124 12th, Seattle, WA 98122-5408 $20,000,000 Apr 2020 2,250 SF
2106 Un, Seattle, WA 98122-2955 $1,395,000 Feb 2020 1,950 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
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