Property profile

5601 Martin Luther King Jr S Way Seattle, WA 98118

OFF-MARKET
Auto shops
Property ID
US90-1846778
8,475 SF 0.21 ac lot Built 2010
Individually Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2010
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,475 SF
Lot 0.21 ac (8,964 SF)
Zoning code C1-55 (M)
APN 234130-0040
UPID US90-1846778

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
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • Auto Repair Shop

Location

5601 Martin Luther King Jr S Way Seattle, WA 98118-2238
Seattle metro Census 10401 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2014
2 recorded transactions
2014
$4.0M
2009
Price N/A

Zoning & alternative use

C1-55 (M) · Seattle, WA
Zoning description

The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywi…

General category COMMERCIAL

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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