Property profile

516 7th S Ave Seattle, WA 98104

OFF-MARKET
Retail space
Property ID
US90-1525554
8,528 SF 0.17 ac lot Built 1924
Entity Owned 21-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1924
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,528 SF
Lot 0.17 ac (7,200 SF)
Zoning code IDM-75-85
APN 524780-2690
UPID US90-1525554

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket
  • Restaurant

Location

516 7th S Ave Seattle, WA 98104-2906
Seattle metro Census 9100 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.96M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.73M

Owner & transaction history

since 2004
6 recorded transactions
2004
$1.4M
1997
$92,500
1993
$850,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IDM-75-85 · Seattle, WA
Zoning description

uses and that is in an IDR zone or is in an IDM 75/85-150 zone. This standard may be waived by the Director of Neighborhoods, after consultation with the Board, if it is determined that the proposed uses and design of th…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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