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    Property profile & analytics

    6201 Corson S Ave Seattle, WA 98108

    • Outlet malls
    • 19,447 SF
    • 1.17 lot acres
    OFF-MARKET
    Value Estimations
    $4,525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1492960
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Outlet malls

    Property Details for 6201 Corson S Ave

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.17 lot acres
    Property size
    19,447 SF
    Zone code
    IB U/65
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    000180-0139
    APU
    1800139

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,835,000
      6.5%
      $4,460,000
      7%
      $4,140,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,282,000
      Market price range: $3.68M - $13.4M
      AI Estimate
      $2,832,000
      Market price range: $1.26M - $5.96M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,895,000
      OFFICE BUILDING
      $6,870,000
      MEDICAL BUILDING
      $6,685,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.322
    Latitude
    47.5468
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $48,937
    $2,551,800
    $2,290,100
    $4,841,900
    -
    $2,551,800
    $2,290,100
    $4,841,900

    Comparable in this City

    • Value Estimation
      $1,665,000
      11,661 SF

      6201 Ellis S Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 11,661 SF
      6201 Ellis S Ave, Seattle, WA 98108
      View Details
    • Value Estimation
      $1,120,000
      7,387 SF

      8909 14th S Ave

      SHOPPING CENTER, STRIP CENTER • 7,387 SF
      8909 14th S Ave, Seattle, WA 98108-4818
      View Details
    • Value Estimation
      $1,860,000
      12,240 SF

      9635 Des Moines Memorial Dr

      SHOPPING CENTER, STRIP CENTER • 12,240 SF
      9635 Des Moines Memorial Dr, Seattle, WA 98108-5061
      View Details
    • Value Estimation by Request
      0.37 Acres

      5801 3rd S Ave

      PARKING LOT • 0.37 Acres
      5801 3rd S Ave, Seattle, WA 98108-3205
      View Details
    • Value Estimation by Request
      2.29 Acres

      545 Frnt St

      PARKING LOT • 2.29 Acres
      545 Frnt St, Seattle, WA 98108-3312
      View Details
    • Value Estimation
      $530,000
      3,256 SF

      6260 13th S Ave

      RESTAURANT • 3,256 SF
      6260 13th S Ave, Seattle, WA 98108
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,400 SF

      Retail Property For Sale

      Retail property with existing tenant in Seattle, WA.
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      View Details
    • $11,995,000
      32,143 SF

      Georgetown Two-Building Creative Campus

      Rare industrial/creative campus in Georgetown with adaptive-reuse facilities.
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      Seattle Showroom/Warehouse/Office Building For Sale

      5,861 SF showroom/warehouse/office building with secured yard/storage space.
      114 S Findlay St, Seattle, WA 98108
      View Details
    • $1,400,000
      3,080 SF

      Georgetown Two-Story Commercial Building

      Two-story commercial building in Georgetown with parking and freeway access.
      6011 12Th Ave S, Seattle, WA 98108
      View Details
    • Contact for pricing
      6,650 SF

      Seattle Ballard Multi-Tenant Retail Asset

      6,650 SF multi-tenant retail in Seattle's Ballard sub-market.
      5512 20Th Ave NW, Seattle, WA 98108
      View Details
    • Contact for pricing

      Secured Yard Space in Georgetown

      Leasable secured yard with optional storage in high-traffic Georgetown.
      6601 East Marginal Way, Seattle, WA 98108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,836 SF

      Retail Space in Seattle

      Retail space available for lease in Seattle, Washington.
      2600 SW Barton St, Seattle, WA 98108
      View Details
    • $12,744 /Mo
      9,803 SF

      Georgetown Warehouse, Office, Flex Space

      9,802 SF warehouse, office, flex space in Seattle's Georgetown.
      780 Michigan St, Seattle, WA 98108
      View Details
    • $20 SF/Yr

      Retail/Flex Space Available For Lease

      Retail/Flex space in Georgetown, available April 1, 2026.
      6505 5Th Pl S, Seattle, WA 98108
      View Details
    • $5,399 /Mo
      4,185 SF

      Freestanding Building with Fenced Yard

      Freestanding building with office, three-phase power, and fenced yard.
      6259 Airport Way S, Seattle, WA 98108
      View Details
    • $20 SF/Yr
      3,031 SF

      Retail Space Available For Rent

      Retail space available for rent in Seattle, WA.
      503-515 S Michigan St, Seattle, WA 98108
      View Details
    • $9,608 /Mo
      4,270 SF

      Retail Space in Georgetown

      Second-generation retail space available for lease in Georgetown.
      6111 13Th Ave S, Seattle, WA 98108
      View Details
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    6201 Corson S Ave
    Seattle, WA 98108
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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