Financial
Distress signals
Property profile

601 South Andover St Seattle, WA 98108

FOR LEASE
Distribution centers
Property ID
US90-1545424
17,280 SF 0.45 ac lot Built 1961
Last sale Sep 1997
Individually Owned Owner of record is an individual. 29-yr Hold Held for 29 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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601 South Andover St, Seattle, WA 98108 For Lease
Contact for pricing 17,401 SF available
601 South Andover St, Seattle, WA 98108
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Property summary

AI-generated overview

The industrial property totals 17,401 square feet, with 3,758 square feet of office space distributed across two floors. The facility includes two secured outdoor storage areas and provides an 18-foot clear height. Loading amenities consist of two dock platforms equipped with dock levelers, and the building is served by a sprinkler system throughout. Electrical service is rated at 400 amps of 208V 3-phase power. The office areas are air-conditioned and have LED lighting. The property had a TPO roof installed in 2023 and is located in Seattle, Washington.

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.

Mortgages

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?
$22k
Tax billed · 2022
Assessed value$2.30M
Assessed land$1.07M
Assessed improvement$1.23M
Effective rate0.97%

Value estimate

· Sep 2026
$1.84M
$1.66M – $2.02M

Realmo valuation models over county records and 6 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 comparables6

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: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.3
Veterinary Clinic9.7
Pet Store8.6

Location

601 South Andover St Seattle, WA 98108
County assessor Recorded deeds · 1 transfer 6 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9229 10th S, Seattle, WA 98108-4613 $8,000,000 Apr 2023 31,300 SF
818 Dakota, Seattle, WA 98108-5228 $7,900,000 Dec 2021 29,091 SF
820 Adams, Seattle, WA 98108-5212 $11,150,000 May 2021 25,520 SF
8230 5th S, Seattle, WA 98108-4557 $2,745,000 Dec 2019 29,619 SF
650 Industrial, Seattle, WA 98108-5236 $7,950,000 Jun 2019 23,296 SF
927 Homer, Seattle, WA 98108-2746 $4,150,000 Apr 2019 18,660 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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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
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