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

    5216 1st S Ave Seattle, WA 98108-2204

    • Office buildings
    • 6,952 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1519222
    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

    • Don's Group Attire / Uniform Store / Embroidery Shop

    Property Details for 5216 1st S Ave

    Year built
    2000
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    6,952 SF
    Zone code
    IG2 U/85
    Property type
    Office buildings
    APN
    526330-0945
    APU
    5263300945

    Description

    This exceptional 768-square-foot retail space is ideally situated at 5216 1st Ave S in Seattle, Washington, within King County's vibrant 98108 zip code. The property is a single-tenant building, offering complete occupancy and control to the new owner-operator. The building's total square footage mirrors the vacant square footage, indicating immediate availability for lease or purchase. The property type is classified as retail, making it suitable for a wide range of businesses seeking high visibility and foot traffic. Its location in South Seattle presents a unique opportunity to tap into a thriving local market. The property's address is easily accessible, offering convenient access for both customers and employees. This turnkey retail space presents a rare opportunity for entrepreneurs and established businesses alike to establish a strong presence in a dynamic Seattle neighborhood. The building's size is perfectly suited for a variety of retail concepts, from boutiques and cafes to smaller service-based businesses. With its prime location and immediate availability, this property is poised for rapid occupancy and strong returns. Interested parties are encouraged to act quickly to secure this exceptional opportunity. Further details regarding lease terms and purchase options are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $160,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.334
    Latitude
    47.5551
    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
    $14,353
    $313,100
    $1,307,200
    $1,620,300
    -
    $313,100
    $1,307,200
    $1,620,300

    Comparable in this City

    • Value Estimation by Request
      1,924 SF

      3800 9th S Ave

      OFFICE BUILDING • 1,924 SF
      3800 9th S Ave, Seattle, WA 98108
      View Details
    • Value Estimation by Request
      2,560 SF

      5000 Denver S Ave

      OFFICE BUILDING • 2,560 SF
      5000 Denver S Ave, Seattle, WA 98108
      View Details
    • Value Estimation
      $345,000
      16,560 SF

      855 Barton St

      OFFICE BUILDING • 16,560 SF
      855 Barton St, Seattle, WA 98108-4616
      View Details
    • Value Estimation
      $240,000
      6,976 SF

      5516 1st S Ave

      OFFICE BUILDING • 6,976 SF
      5516 1st S Ave, Seattle, WA 98108-2401
      View Details
    • Value Estimation
      $850,000
      860 SF

      507 Brandon St

      OFFICE BUILDING • 860 SF
      507 Brandon St, Seattle, WA 98108-2239
      View Details
    • Value Estimation
      $250,000
      2,760 SF

      4126 Airport S Way

      OFFICE BUILDING • 2,760 SF
      4126 Airport S Way, Seattle, WA 98108-5219
      View Details

    Similar Nearby for Sale

    • $5,000,000
      23,327 SF

      Georgetown Office Building For Sale

      23,327 SF office building in Georgetown neighborhood.
      5950 6Th Ave S, Seattle, WA 98108
      View Details
    • $1,400,000

      Versatile Retail/Office Space Available

      800 SF space ideal for retail or office use.
      6011 12Th Ave S, Seattle, WA 98108
      View Details
    • $6,200,000
      3,000 SF

      Functional Office Space For Sale

      Functional office space with excellent parking and signage visibility.
      4910 15Th Ave NW, Seattle, WA 98108
      View Details
    • $1,295,000

      Georgetown Farmhouse on Commercial Lot

      Refurbished farmhouse on a 10,000 sq ft commercial lot.
      5403 Maynard Ave S, Seattle, WA 98108
      View Details
    • $2,201,250

      Versatile Commercial Shell Space Available

      Adaptable commercial space in Seattle, ready for customization.
      8500 14Th Ave S, Seattle, WA 98108
      View Details
    • Contact for pricing
      8,700 SF

      Standalone Flex Building in Seattle

      Flex building with warehouse, office, and retail potential.
      1414 Elliott Ave West, Seattle, WA 98108
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      19,289 SF

      Tukwila Office Space For Rent

      Two 83,414 SF office buildings with ample parking.
      12401 E Marginal Way S, Tukwila, WA 98108
      View Details
    • $1.20 SF/Yr
      11,699 SF

      Fremont Freestanding Office, Warehouse, Lab

      Divisible office, warehouse, and lab building with great views.
      3950 6Th Ave NW, Seattle, WA 98108
      View Details
    • $26 SF/Yr
      876 SF

      Office Space with Kitchenette

      Office space featuring an open layout, kitchenette, and private restroom.
      637 S Lucile St, Seattle, WA 98108
      View Details
    • $20 SF/Yr
      7,619 SF

      Seattle Office Space Available

      7,619 SF office space for lease in Seattle.
      6100 4Th Ave S, Seattle, WA 98108
      View Details
    • Contact for pricing
      9,250 SF

      Office Space with Free Parking

      Office space featuring a mix of layouts and high ceilings.
      801 South Fidalgo St, Seattle, WA 98108
      View Details
    • $29 SF/Yr
      3,606 SF

      Creative Space with High Ceilings

      Single tenant building suitable for showroom, tasting room, or creative office.
      616 South Lucile St, Seattle, WA 98108
      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.
    5216 1st S Ave
    Seattle, WA 98108-2204
    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.