Financial
Distress signals
Property profile

615 W Mcgraw St Seattle, WA 98119

FOR LEASE
Other commercial real estate
Property ID
US90-0693079
7,066 SF 0.17 ac lot Built 1926
Last sale Mar 1999
Entity Owned Owner of record is a legal entity (LLC / corporation). 27-yr Hold Held for 27 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon
615 W Mcgraw St, Seattle, WA 98119 For Lease
Contact for pricing 1,737 SF available
615 W Mcgraw St, Seattle, WA 98119
View Listing

Property summary

AI-generated overview

A ground-floor retail storefront located in a brick building on West McGraw Street in Queen Anne Hill, Seattle. The suite features large wood storefront windows and prominent street-facing frontage, with interior ceiling height of approximately 14 feet. The layout includes a kitchen equipped with gas service, a restroom, and access to shared outdoor deck space. The building also includes other ground-floor tenants, including Macrina Bakery, Wink Hair Studio, and Fountainhead Gallery, reflecting a neighborhood-oriented mix of retail and creative businesses.

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?
$18k
Tax billed · 2022
Assessed value$2.10M
Assessed land$1.44M
Assessed improvement$657k
Effective rate0.88%

Value estimate

· Sep 2026
$1.32M
$1.19M – $1.45M
CAP approach$1.44M
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$1k
Operating expenses−$11k
NOI · 92,500.00% cap applied$26k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$506/SF
Submarket average, outlier-cleaned · 269 recorded sales of this use type
Observed band · Q1–Q3$213 – $957
Qualifying comparables6

Cap rate analysis

How does the asset earn?
92,500.00%
$26k 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?
NC1-40 (M)
The intent of this district is to promote neighborhood commercial activities, to support or encourage a small shopping area that provides...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.7
Grocery Store13.5
Pawn Shop11.4

Location

615 W Mcgraw St Seattle, WA 98119
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

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1435 Elliott W, Seattle, WA 98119-3104 $17,300,000 Dec 2022 14,400 SF
643 Nickerson, Seattle, WA 98119-1574 $2,490,000 Mar 2021 6,710 SF
2412 7th W, Seattle, WA 98119-2556 $4,099,999 May 2020 6,800 SF
3200 15th W, Seattle, WA 98119-1705 $1,525,000 Jul 2019 3,352 SF
942 Elliott W, Seattle, WA 98119-3608 $3,570,000 May 2019 13,240 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