Property profile

5900 1St Ave S Seattle, WA 98108

FOR SALE
Distribution centers
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Property ID
US90-1725249
64,450 SF 2.62 ac Built 1957
Last sale Aug 2018·$16,000,000
Trust Owned Owner of record is a trust. 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

A standalone industrial building located on a 2.62-acre site with frontage on 1st Avenue. The property is zoned IG2-U85 and includes upgraded T5 lighting and a roof replacement, along with recent interior/exterior cosmetic improvements. The site provides fenced and secured parking with perimeter building lighting, and offers 117 on-site auto parking stalls.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$117k
Tax billed · 2022
Assessed value$11.76M
Assessed land$5.72M
Assessed improvement$6.04M
Effective rate1.00%

Value estimate

· Nov 2026
$8.02M
$7.21M – $8.82M
CAP approach$10.90M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$305/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$192 – $433
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IG2 U/85
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon10.0
Convenience Store8.6
Locksmith7.9

Location

5900 1St Ave S Seattle, WA 98108
County assessor Recorded deeds · 5 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
660 Othello, Seattle, WA 98108-3429 $23,000,000 May 2024 119,661 SF
6701 Marginal S, Seattle, WA 98108-3406 $44,500,000 May 2024 124,383 SF
9229 10th S, Seattle, WA 98108-4613 $8,000,000 Apr 2023 31,300 SF
6335 1st S, Seattle, WA 98108-3258 $15,483,000 Feb 2022 57,540 SF
7700 2nd S, Seattle, WA 98108-4200 $11,250,000 Jan 2022 36,982 SF
6901 Fox S, Seattle, WA 98108-3420 $21,178,170 Apr 2021 128,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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