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Property profile & analytics
OFF-MARKET
Investment properties

4689 Martin Luther King Jr S Way Seattle, WA 98108-2168

55,096 SF 0.34 ac lot Built 1989
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US90-2281060
Property summary
AI-generated overview

This exceptional 112,944 square foot, five-story retail and restaurant building, constructed in 2021, offers multiple suite options ranging from 1,054 to 2,197 square feet. Located at 4689 Martin Luther King Jr Way S, Seattle, WA 98108, this property boasts a prime location in the vibrant Columbia City submarket of South Seattle, King County. The building sits on a 29,718 square foot lot and features 99 total suites. Its convenient location is just steps from the Columbia City Light Rail station, providing excellent accessibility. The property is zoned NCIP-55 (M) and has an APN of 1624049147, 6056100620. Annual property taxes are $8 per square foot. This mixed-use development presents a unique opportunity for businesses seeking to serve both the residents of the adjacent Green Leaf Encore Apartments and the thriving Columbia City community. The building's strategic corner location ensures high visibility and accessibility. This is an ideal space for strong operators looking to establish a presence in a dynamic and growing area. The property's proximity to public transportation, diverse dining options, boutique shopping, and community parks makes it an attractive destination for customers.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1989
Construction WOOD
Total area 55,096 SF
Lot 0.34 ac (14,893 SF)
Zoning code NC1P-55 (M)
APN 162404-9147
UPID US90-2281060
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
  • Biojunction Sports Therapy Medical Clinic
  • Green Leaf Encore Apartment Complex Apartment Building
  • Pure Barre Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Green Leaf Encore LLC · 3 yrs held
Green Leaf Encore LLC
since 2023
Last sale
$35.2M
7 recorded transactions
2023
$35.2M
2019
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
2004
$1.6M
2000
Price N/A
Zoning & alternative use
NC1P-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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