Property profile

551 Michigan St Seattle, WA 98108

OFF-MARKET
Grocery and convenience stores
Property ID
US90-1705966
1,846 SF 0.5 ac lot Built 1977
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1977
Construction STEEL FRAME
Total area 1,846 SF
Lot 0.5 ac (21,895 SF)
Zoning code IG2 U/85
APN 536720-1570
UPID US90-1705966

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
  • Gas Station
  • Car Wash
  • Restaurant

Location

551 Michigan St Seattle, WA 98108-3316
Seattle metro Census 10900 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2017
Price N/A
2000
$1.0M
1997
$855,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IG2 U/85 · Seattle, WA

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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