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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4705 16th NE Ave Seattle, WA 98105-4208

    • Office buildings
    • 6,101 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1691399
    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

    • The Palmer House / Coffee Shop / Non-Profit Organization
    • Earl Palmer Ministries / Religious Organization

    Property Details for 4705 16th NE Ave

    Year built
    1907
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    6,101 SF
    Zone code
    LR3 (M)
    Property type
    Office buildings
    APN
    882390-2125
    APU
    8823902125

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $382,000
      Market price range: $168k - $932k

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.311
    Latitude
    47.6633
    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
    2022
    $1,051
    $2,419,200
    $1,000
    $2,420,200
    -
    $2,419,200
    $1,000
    $2,420,200

    Comparable in this City

    • Value Estimation by Request
      80,781 SF

      4310 12th NE Ave

      OFFICE BUILDING • 80,781 SF
      4310 12th NE Ave, Seattle, WA 98105
      View Details
    • Value Estimation by Request
      91,706 SF

      1100 45th St

      OFFICE BUILDING • 91,706 SF
      1100 45th St, Seattle, WA 98105-4683
      View Details
    • Value Estimation
      $725,000
      97,812 SF

      1121 45th St

      OFFICE BUILDING • 97,812 SF
      1121 45th St, Seattle, WA 98105-4614
      View Details
    • Value Estimation
      $485,000
      26,384 SF

      4907 25th NE Ave

      OFFICE BUILDING • 26,384 SF
      4907 25th NE Ave, Seattle, WA 98105-4162
      View Details
    • Value Estimation
      $290,000
      5,220 SF

      653 Northlake Way

      OFFICE BUILDING • 5,220 SF
      653 Northlake Way, Seattle, WA 98105-6427
      View Details
    • Value Estimation
      $310,000
      8,758 SF

      937 Boat St

      OFFICE BUILDING • 8,758 SF
      937 Boat St, Seattle, WA 98105-6603
      View Details

    Similar Nearby for Sale

    • $2,375,000

      Well-Maintained Building in Prime Location

      Well-maintained building with on-site parking and convenient access to key areas.
      5506 35Th Ave NE, Seattle, WA 98105
      View Details
    • $8,500,000
      26,282 SF

      Northlake Building: Biotech and Office

      Three-story building with office, medical, and biotech space for sale.
      100 Northlake Pl, Seattle, WA 98105
      View Details
    • $1,499,000

      Updated Office Building in Wallingford

      Two-story commercial building in Wallingford, ideal for owner-users or investors.
      4510 Thackeray Pl NE Seattle, Seattle, WA 98105
      View Details
    • $1,499,000

      Updated Office Building in Wallingford

      Updated commercial office building in Wallingford, ideal for owner-users.
      4510 Thackeray Pl, Seattle, WA 98105
      View Details
    • $4,100,000
      19,659 SF

      U-District Mixed-Use Investment Opportunity

      Classic 1920s mixed-use building near University of Washington.
      4517 University Way NE, Seattle, WA 98105
      View Details
    • $750,000
      2,405 SF

      Lake Union Adjacent Office Space

      2405 SF office space near Lake Union for sale.
      3919 Latona Ave NE, Seattle, WA 98105
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      1,015 SF

      Seattle Office Space For Rent

      Office space available for lease in Seattle, Washington.
      2900 NE Blakeley St, Seattle, WA 98105
      View Details
    • Contact for pricing
      2,251 SF

      Medical Space with Plaza Access

      Second-generation medical space with treatment rooms and signage opportunities.
      4915 25Th Ave Northeast, Seattle, WA 98105
      View Details
    • $33 SF/Yr
      6,172 SF

      Seattle Office Space Available

      6,172 SF office space for rent in Seattle.
      1107 NE 45Th St, Seattle, WA 98105
      View Details
    • $253 SF/Yr
      19,659 SF

      University District Office/Retail Space

      Located in the U-District, suitable for offices or retail.
      4515 University Way NE, Seattle, WA 98105
      View Details
    • $25 SF/Yr
      2,329 SF

      University Way Office Space Available

      Air-conditioned office space with high visibility near University of Washington.
      4212-4216 University Way NE, Seattle, WA 98105
      View Details
    • $22 SF/Yr
      1,587 SF

      University Way NE Office Space

      Second floor suite with open floorplan suitable for multiple uses.
      4209 University Way NE, Seattle, WA 98105
      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.
    4705 16th NE Ave
    Seattle, WA 98105-4208
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.