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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Industrial properties
632 46th St Seattle, WA 98107-4443
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-0078855
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1942
Construction
WOOD
Total area
8,824 SF
Lot
0.2 ac (8,755 SF)
Zoning code
IB U/45
APN
198220-1145
UPID
US90-0078855
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rock Rooms Ballard Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
Wallace West & Rudo LLC · 12 yrs held
Wallace West & Rudo LLC
since 2013
7 recorded transactions
Zoning & alternative use
IB U/45 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Blend value · Realmo final
$880k
Range $792k – $968k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,216
Tax year 2022
Assessed value
$1,422,500
Assessed 2022
Previous assessed
$1,422,500
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,357,000
Assessed improvement
$65,500
Land market value
$1,357,000
Improvement market value
$65,500
Total market value
$1,422,500
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1942
Construction
WOOD
Heating
SPACE
Stories
1
Total area
8,824 SF
Lot
0.2 ac (8,755 SF)
Zoning code
IB U/45
APN
198220-1145
UPID
US90-0078855
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IB U/45 · Seattle, WA
Zoning IB U/45 · permitted uses
IB U/45 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Construction
WOOD
Heating
SPACE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Wallace West & Rudo LLC
Entity
Mailing address
8240 14TH AVE NE, SEATTLE, WA 98115-4330
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2018
—
Wallace West & Rudo LLC
—
Deed
related
$1,464,887 · Kitsap Bank
Oct 10, 2013
$1,025,000
Wallace West & Rudo LLC
Parker Hansen LLC
Warranty Deed
$795,500 · Seacoast Commerce Bank
May 1, 2006
—
Parker Hansen LLC
Emtage,lorin D & Josephine L
Quit Claim Deed
related
—
Jan 16, 2004
$580,000
Lorin D Emtage
Port Chatham LLC
Grant Deed
$312,500 · General Electric Capital Corp
Dec 31, 2002
—
Port Chatham INC
Lindstrom,aarne & Carol
Quit Claim Deed
related
—
Jan 2, 1990
—
Lisa Lindstrom
Lindstrom,arne&c
Quit Claim Deed
related
—
—
—
Wallace West Rudo LLC
—
Loan Modification
related
$470,800 · Seacoast Cmrc Bk
—
—
Lorin D Emtage
—
Deed Of Trust
related
$227,000 · Evergreen Community Dev Assn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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