Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

5950 6Th Ave S Seattle, WA 98108

FOR LEASE
Office buildings
Property ID
US90-1581010
24,000 SF 0.85 ac lot Built 1967
Last sale Apr 2005 · $2,975,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
5950 6Th Ave S, Seattle, WA 98108 For Lease
Contact for pricing 644 SF available
5950 6Th Ave S, Seattle, WA 98108
View Listing

Property summary

AI-generated overview

Suite 101 is a front-facing office suite with glass frontage on two sides, positioned directly off the front door with signage capability and street exposure. The space is configured with six private offices, a large conference room, a bullpen area, and a reception desk. The suite is within the 5950 Building, which totals 3,423 square feet and provides on-site parking with dedicated spaces. The property is located just off Michigan Street with access to I-5 and is adjacent to nearby design center buildings.

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?
$29k
Tax billed · 2022
Assessed value$2.72M
Assessed land$1.85M
Assessed improvement$866k
Effective rate1.07%

Value estimate

· Oct 2026
$3.32M
$2.98M – $3.65M
NOI build-up
Gross scheduled income$20k
Vacancy & credit loss−$4k
Operating expenses−$4k
NOI · 56,530.00% cap applied$11k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$353/SF
Submarket average, outlier-cleaned · 337 recorded sales of this use type
Observed band · Q1–Q3$205 – $579

Cap rate analysis

How does the asset earn?
56,530.00%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 Salon12.6
Dental Office11.4
Hair Salon10.4

Location

5950 6Th Ave S Seattle, WA 98108
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1608 96th, Seattle, WA 98108-5115 $50,000 Jan 2021 8,000 SF
502 Lucile, Seattle, WA 98108-2507 $4,965,000 Mar 2020 12,960 SF
401 Brandon, Seattle, WA 98108-2237 $1,900,000 Jan 2020 10,360 SF
5506 6th S, Seattle, WA 98108-2552 $12,250,000 Apr 2019 40,029 SF
1541 96th, Seattle, WA 98108-5189 $3,810,600 Feb 2019 9,860 SF
6010 Airport S, Seattle, WA 98108-2716 $38,500,000 Dec 2018 8,202 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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
Why this one?
Saved
Reason not saved — we won't ask again