Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4721 17th NE Ave Seattle, WA 98105-4210
    Property profile & analytics

    4721 17th NE Ave Seattle, WA 98105-4210

    View on Map
    • Residential income homes
    • 3,708 SF
    • 0.10 lot acres
    Off-Market
    Last Sale Jun 4, 2025
    $1,600,000
    Property ID
    US90-1175278
    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.
    Value Estimations
    $1,620,000
    Show details
    Cap Rate Potential
    3.4%
    Residential income homes
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 4721 17th NE Ave

    Year built
    1921
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    3,708 SF
    Zone code
    LR3 (M)
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    882390-1940
    APU
    8823901940

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,850,000
      ML approach
      $1,870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,178,000
      Market price range: $838k - $1.83M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,355,000
      Current use
      COMMERCIAL (GENERAL)
      $1,875,000
      Change: +39% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,525,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $1,485,000
      Change: +10% Conversion: Difficult
      OFFICE BUILDING
      $1,310,000
      Change: -3% Conversion: Moderate
      MEDICAL BUILDING
      $1,275,000
      Change: -6% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,095,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.31
    Latitude
    47.6638
    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
    $11,072
    $1,209,600
    $67,800
    $1,277,400
    -
    $1,209,600
    $67,800
    $1,277,400

    Comparable in this City

    • Value Estimation
      $650,000
      2,550 SF

      4718 15th NE Ave

      BOARDING/ROOMING HOUSE • 2,550 SF
      4718 15th NE Ave, Seattle, WA 98105-4405
      View Details
    • Value Estimation
      $1,680,000
      8,910 SF

      5004 17th NE Ave

      BOARDING/ROOMING HOUSE • 8,910 SF
      5004 17th NE Ave, Seattle, WA 98105-4213
      View Details
    • Value Estimation
      $975,000
      5,400 SF

      4736 18th NE Ave

      BOARDING/ROOMING HOUSE • 5,400 SF
      4736 18th NE Ave, Seattle, WA 98105-4269
      View Details
    • Value Estimation
      $660,000
      3,170 SF

      5252 Brooklyn NE Ave

      BOARDING/ROOMING HOUSE • 3,170 SF
      5252 Brooklyn NE Ave, Seattle, WA 98105-3516
      View Details
    • Value Estimation
      $710,000
      2,838 SF

      4039 9th NE Ave

      BOARDING/ROOMING HOUSE • 2,838 SF
      4039 9th NE Ave, Seattle, WA 98105-6476
      View Details
    • Value Estimation
      $675,000
      3,192 SF

      4017 5th NE Ave

      BOARDING/ROOMING HOUSE • 3,192 SF
      4017 5th NE Ave, Seattle, WA 98105-6515
      View Details

    Similar Nearby for Sale

    • $42,500,000

      Seattle Multifamily Near University of Washington

      Modern multifamily property near the University of Washington.
      4252 8Th Ave NE, Seattle, WA 98105
      View Details
    • $3,350,000

      Seattle Multifamily Investment Near UW

      Investment opportunity near the University of Washington in Seattle.
      5263 15Th Ave NE, Seattle, WA 98105
      View Details
    • $7,600,000

      University District Multifamily Investment Opportunity

      Prime University District corner lot with multifamily and development potential.
      5031 11Th Ave NE, Seattle, WA 98105
      View Details
    • $2,400,000
      5,530 SF

      Ravenna Apartments: Multifamily Investment Opportunity

      Value-add multifamily investment property in Seattle's Ravenna neighborhood.
      4735 Ravenna Ave NE, Seattle, WA 98105
      View Details
    • $2,600,000

      Madison Manor: High-Occupancy Apartment Building

      High-occupancy, low-cost, 18-unit apartment building near UW.
      4738 17Th Ave NE, Seattle, WA 98105
      View Details
    • $1,599,000
      4,086 SF

      Seattle U-District 5-Plex Investment

      Well-kept 5-unit property near UW campus with income potential.
      5210 11Th Ave NE, Seattle, WA 98105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,900 SF

      Retail Space in Student Housing

      Commercial space available in mixed-use student housing development.
      5000 University Way NE, Seattle, WA 98105
      View Details
    • Contact for pricing

      Seattle Mixed-Use Development Opportunity

      Multi-unit property near University Village with development potential.
      3404 NE 55Th St, Seattle, WA 98105
      View Details
    • $42,585
      14,195 SF

      Full Floor Office Space

      Full floor office space available for rent.
      1414 42Nd St, Seattle, WA 98105
      View Details
    • $1,000 /Mo
      481 SF

      U-District Office Space Available

      Second-floor office space with elevator access and natural light.
      4517 University Way NE, Seattle, WA 98105
      View Details
    • Contact for pricing
      2,375 SF

      Lake Union Adjacent Office Space

      2405 SF office space near Lake Union, Seattle.
      3919 Latona Ave NE, Seattle, WA 98105
      View Details
    • $7,181 /Mo
      3,447 SF

      University Way Office/Retail Space

      Second-floor office/retail space on University Way, formerly Enkore Karaoke.
      4339 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.
    4721 17th NE Ave
    Seattle, WA 98105-4210
    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

    Thank You for Inquiry
    4721 17th NE Ave, Seattle, WA, 98105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!