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Property profile & analytics
FOR LEASE
Retail space
5001 25Th Ave NE Seattle, WA 98105
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1041496
For Lease
Contact for pricing
5001 25Th Ave NE, Seattle, WA 98105
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
CONCRETE
Total area
62,660 SF
Lot
0.53 ac (22,944 SF)
Zoning code
NC2-55 (M)
APN
717480-0131
UPID
US90-1041496
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
-
Dan Lamont Properties Real Estate Agency
-
Darren Bandow - Seattle Real Estate Agent Managing Broker Real Estate Agency
-
NORTHCUT LANDING Corporate Office
-
Larrabee House - John L. Scott Real Estate Seattle Northeast Real Estate Agency
-
Terri Rubery | John L. Scott Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.31M
Owner & transaction history
Northcut Holdings LLC · 13 yrs held
Northcut Holdings LLC
since 2012
7 recorded transactions
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including convenience and specialty goods, to the surrounding neighborhoods, and that accommodates other uses that are compatible with the retail cha…
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
341.92 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$117 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$104,517
Tax year 2022
Assessed value
$12,339,000
Assessed 2022
Previous assessed
$12,339,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$7,571,500
Assessed improvement
$4,767,500
Land market value
$7,571,500
Improvement market value
$4,767,500
Total market value
$12,339,000
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2006
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
62,660 SF
Lot
0.53 ac (22,944 SF)
Zoning code
NC2-55 (M)
APN
717480-0131
UPID
US90-1041496
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WAZoning NC2-55 (M) · permitted uses
NC2-55 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including convenience and specialty goods, to the surrounding neighborhoods, and that accommodates other uses that are compatible with the retail character of the area such as housing or offices. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
341.92 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.53 ac
Current owner
From public records · entity-resolved
Northcut Holdings LLC
Entity
Mailing address
2811 E MADISON ST STE #300, SEATTLE, WA 98112-4884
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
—
Northcut Holdings LLC
—
Deed
related
$23,500,000 · Homestreet Bank
Jun 7, 2016
—
Northcut Holdings LLC
—
Deed
related
$25,600,000 · Homestreet Bank
Nov 30, 2012
—
Northcut Holdings LLC
5001 25th Ave Ne LLC
Warranty Deed
$26,500 · Homestreet Bank
Jun 18, 2004
$2,150,000
5001 25th Ave LLC
Equilon Enterprises LLC
Grant Deed
—
Jul 23, 1998
—
Equilon Enterprises LLC
Texaco Refing & Marketing INC
Grant Deed
related
—
Jan 22, 1991
$573,312
Texaco INC - Tax Dept
Shell Oil Compan
Grant Deed
—
—
—
5001 25th Ave Ne LLC
—
Deed Of Trust
related
$25,870,000 · Homestreet Bank
—
—
5001 25th Ave Ne LLC
—
Deed Of Trust
related
$26,700,000 · Homestreet Bank
—
—
5001 25th Ave Ne LLC
—
Deed Of Trust
related
$1,200,000 · Shoreline Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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