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Property profile & analytics
OFF-MARKET
Office Spaces
5306 Martin Luther King Jr S Way, Seattle, WA 98118-6122
Individually Owned
3-yr Hold
Free & Clear
Property ID
US90-0158503
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1922
Construction
WOOD
Total area
2,600 SF
Lot
0.16 ac (6,947 SF)
Zoning code
NC2-55 (M)
APN
688890-0150
UPID
US90-0158503
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
-
Aqualine Plumbing Electrical And Heating HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Truong Le · 3 yrs held
Truong Le
since 2022
Last sale
$385,000
7 recorded transactions
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
—
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
$13,689
Tax year 2022
Assessed value
$1,522,700
Assessed 2022
Previous assessed
$1,522,700
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$903,100
Assessed improvement
$619,600
Land market value
$903,100
Improvement market value
$619,600
Total market value
$1,522,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1922
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
2,600 SF
Lot
0.16 ac (6,947 SF)
Zoning code
NC2-55 (M)
APN
688890-0150
UPID
US90-0158503
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Zoning 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
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1922
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Truong Le
Individual
Free & Clear · 3 yrs held
Mailing address
5306 MARTIN LUTHER KING JR WAY S SEATTLE
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2022
—
Truong Le
5306 Mlk Way S Seattle LLC
Quit Claim Deed
related
—
Nov 13, 2020
—
5306 Mlk Way S Seattle LLC
Le Truong N
Quit Claim Deed
related
—
Aug 22, 2005
—
Truong N Le
—
Trustees Deed
related
$600,000 · Pacifica Bank
Dec 31, 2003
$385,000
Truong N Le
Washington,bertha
Grant Deed
$250,000 · Washington First Int'l Bank
Dec 2, 2003
$330
Central Puget Sound Regional
Bertha,washington
Grant Deed
related
—
May 17, 1995
$185,000
Bertha Washington
Tately,wallace D & Ingrid
Grant Deed
$170,000 · Seller
—
—
Truong N Le
—
Deed Of Trust
related
$600,000 · United Commercial Bank
—
—
Truong N Le
—
Deed Of Trust
related
$70,000 · United Commercial 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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