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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5336 Roosevelt NE Way Seattle, WA 98105-3629

    • Commercial real estate
    • 1,751 SF
    • 0.02 lot acres
    OFF-MARKET
    Last Sale
    Apr 06, 2021
    $825,000
    Value Estimations
    $820,000
    Show details
    Cap Rate Potential
    2.8%
    Commercial real estate
    Location Intelligence
    Property ID
    US90-0500024
    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

    • Commercial real estate

    Property Details for 5336 Roosevelt NE Way

    Year built
    2020
    Construction
    WOOD
    Lot size
    0.02 lot acres
    Property size
    1,751 SF
    Zone code
    NC2-40
    Property type
    Commercial real estate
    APN
    674670-2002
    APU
    6746702002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $820,000
      ML approach
      $785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $844,000
      Market price range: $373k - $1.68M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $885,000
      Current use
      AUTO REPAIR, GARAGE
      $720,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.317
    Latitude
    47.6682
    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
    $6,729
    $277,100
    $540,400
    $817,500
    -
    $277,100
    $540,400
    $817,500

    Comparable in this City

    • Value Estimation
      $550,000
      3,915 SF

      5020 Roosevelt NE Way

      COMMERCIAL (GENERAL) • 3,915 SF
      5020 Roosevelt NE Way, Seattle, WA 98105-3644
      View Details
    • Value Estimation
      $1,650,000
      13,148 SF

      4754 16th NE Ave

      COMMERCIAL (GENERAL) • 13,148 SF
      4754 16th NE Ave, Seattle, WA 98105-4268
      View Details
    • Value Estimation
      $3,070,000
      27,810 SF

      4707 12th NE Ave

      COMMERCIAL (GENERAL) • 27,810 SF
      4707 12th NE Ave, Seattle, WA 98105-4467
      View Details
    • Value Estimation
      $3,360,000
      16,255 SF

      4520 7th NE Ave

      COMMERCIAL (GENERAL) • 16,255 SF
      4520 7th NE Ave, Seattle, WA 98105-5004
      View Details
    • Value Estimation
      $1,350,000
      7,131 SF

      3608 44th St

      COMMERCIAL (GENERAL) • 7,131 SF
      3608 44th St, Seattle, WA 98105-5637
      View Details
    • Value Estimation
      $18,480,000
      93,125 SF

      907 45th St

      COMMERCIAL (GENERAL) • 93,125 SF
      907 45th St, Seattle, WA 98105-4714
      View Details

    Similar Nearby for Sale

    • $1,800,000

      U-District Commercial Land Opportunity

      Prime corner lot, 4,138 sq ft, high walk/bike score.
      4301 11Th Ave, Seattle, WA 98105
      View Details
    • $2,000,000
      2,800 SF

      Seattle Multi-Unit Property Investment Opportunity

      Multi-unit property with development potential in desirable Seattle location.
      3404 55Th St, Seattle, WA 98105
      View Details
    • Contact for pricing

      Updated Office Building in Wallingford

      Updated commercial office building in Wallingford, ideal for owner-users.
      4510 Thackeray Pl, Seattle, WA 98105
      View Details
    • $4,500,000

      Seattle Multifamily Near University of Washington

      Modern multifamily property near the University of Washington.
      4252 8Th Ave NE, Seattle, WA 98105
      View Details
    • Contact for pricing
      12,960 SF

      Prime U District Development Opportunity

      Rare land parcel with approved apartment project near UW.
      4722-4730 15Th Ave NE, Seattle, WA 98105
      View Details
    • $4,100,000
      385 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

    Similar Nearby for Lease

    • Contact for pricing
      1,015 SF

      Seattle Office Space For Rent

      Office space available for lease in Seattle, Washington.
      2900 NE Blakeley St, Seattle, WA 98105
      View Details
    • Contact for pricing
      2,251 SF

      Medical Space with Plaza Access

      Second-generation medical space with treatment rooms and signage opportunities.
      4915 25Th Ave Northeast, Seattle, WA 98105
      View Details
    • Contact for pricing
      2,325 SF

      Seattle Restaurant Space Available

      Prime Seattle location, 2,325 sq ft.
      3800 Latona Ave, Seattle, WA 98105
      View Details
    • $30 SF/Yr
      3,813 SF

      Seattle Medical/Office Space Available

      3813 square feet of medical/office space for lease.
      3216 NE 45Th Pl, Seattle, WA 98105
      View Details
    • Contact for pricing
      3,800 SF

      Retail Space on University Way

      Retail space available for lease on University Way NE.
      4125 University Way NE, Seattle, WA 98105
      View Details
    • Contact for pricing
      14,195 SF

      Full Floor Office Space

      Full floor office space available for rent.
      1414 NE 42Nd St, 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.
    5336 Roosevelt NE Way
    Seattle, WA 98105-3629
    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.