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Financial
Distress signals
Property profile

600 40th St Seattle, WA 98107

OFF-MARKET
Manufacturing properties
Property ID
US90-0177988
16,000 SF 0.83 ac lot Built 1987
Last sale Aug 2025 · $8,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Seattle industrial property, known as Emerald Yard, offers 16,129 square feet of versatile flex and warehouse space in a single building. Located at 600 NW 40th Street, just one block from Leary Way, in the vibrant area between Fremont and Ballard, this property boasts a prime location with easy access to major transportation routes. The building features a 16'-24' ceiling height, providing ample vertical space for various uses. Loading and unloading are facilitated by two…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$51k
Tax billed · 2022
Assessed value$5.43M
Assessed land$5.43M
Assessed improvement$1k
Effective rate0.94%

Value estimate

· Oct 2026
$6.47M
$5.82M – $7.12M
AI approach$6.58M
Submarket $/SF estimate$5.54M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$283/SF
Submarket average, outlier-cleaned · 83 recorded sales of this use type
Observed band · Q1–Q3$191 – $398
Qualifying comparables5

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/65
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office41.3
Building Supply37.6
Auto Parts Store31.8

Location

600 40th St Seattle, WA 98107-5027
County assessor Recorded deeds · 4 transfers 5 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
825 47th, Seattle, WA 98107 $2,500,000 Jul 2024 7,519 SF
1520 Leary, Seattle, WA 98107-4739 $7,125,000 Dec 2021 18,415 SF
1120 Ballard, Seattle, WA 98107-4638 $1,500,000 May 2021 7,060 SF
5232 Shilshole NW, Seattle, WA 98107 $650,000 Apr 2021 6,540 SF
4515 8th NW, Seattle, WA 98107-4510 $3,475,000 Oct 2019 11,870 SF
826 49th, Seattle, WA 98107-3614 $1,665,000 Jan 2019 5,991 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
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