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Financial
Distress signals
Property profile

625 1St Ave Seattle, WA 98104

FOR LEASE
Other commercial real estate
Property ID
US90-0167915
12,360 SF 0.08 ac lot Built 1900
Last sale Jan 2015 · $2,655,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
625 1St Ave, Seattle, WA 98104 For Lease
Contact for pricing 1,051 SF available
625 1St Ave, Seattle, WA 98104
View Listing

Property summary

AI-generated overview

The property is a ground-floor restaurant space located at 625 1st Ave in Seattle, situated on the north side of Pioneer Square. It is configured for food service use and includes a Type 1 hood suitable for traditional restaurant cooking equipment. The interior is set up with a commercial kitchen equipment arrangement that can support full-service operations, with a layout intended to facilitate customer-facing front-of-house flow as well as deliveries and back-of-house workflows, depending on…

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?
$21k
Tax billed · 2022
Assessed value$2.47M
Assessed land$1.55M
Assessed improvement$918k
Effective rate0.84%

Value estimate

· Oct 2026
$1.97M
$1.77M – $2.17M
CAP approach$2.51M
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$7k
Operating expenses−$6k
NOI · 153,758.33% cap applied$18k

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?
153,758.33%
$18k 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?
PSM 100/100-130
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat9.9
Pet Grooming Service7.6
Tanning Salon7.1

Location

625 1St Ave Seattle, WA 98104
County assessor Recorded deeds · 7 transfers 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

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
627 1st, Seattle, WA 98104-2209 $2,000,000 Feb 2024 9,900 SF
116 Washington, Seattle, WA 98104-2522 $1,600,000 Oct 2020 4,140 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?”
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