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Property profile & analytics
OFF-MARKET
Estimated value
$12,690,000
Distribution centers
6335 1st S Ave Seattle, WA 98108-3258
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1705922
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
57,540 SF
Lot
2.55 ac (111,236 SF)
Zoning code
IG1 U/85
APN
536720-4505
UPID
US90-1705922
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
-
RothRock Gas Station
-
Inline Design Industrial Manufacturer Production Facility
-
Precision Rigging Marketing & Advertising Factory
-
Seattle Hoist Services Construction Company General Contractor
-
R90 Lighting (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.85M
CAP Approach
CAP
$9.73M
Comparable Approach
Comparable
$15.01M
Blend (final)
Blend
$12.69M
Owner & transaction history
Gfp Cl Seattle 6335 LLC · 4 yrs held
Gfp Cl Seattle 6335 LLC
since 2022
Last sale
$15.5M
7 recorded transactions
Zoning & alternative use
IG1 U/85 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Municipal Code
Top alternative use upside
Apartment house (5+ units)
$20.4M
+16.4%
Office building
$20.3M
+16.0%
Medical building
$19.8M
+12.9%
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
$12,580,000
ML approach
$7,845,000
CAP Approach
CAP Return
Estimation
6%
$10,540,000
6.5%
$9,730,000
7%
$9,035,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,530,000
Current use
APARTMENT HOUSE (5+ UNITS)
$20,405,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$20,335,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$19,785,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$12.69M
Range $11.42M – $13.96M · ±10% · vs last sale $15.48M (Feb 18 2022)
Last sale anchor
$15.48M
Feb 18 2022
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
$221 / 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
$98,730
Tax year 2022
Assessed value
$9,579,100
Assessed 2022
Previous assessed
$9,579,100
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$5,005,600
Assessed improvement
$4,573,500
Land market value
$5,005,600
Improvement market value
$4,573,500
Total market value
$9,579,100
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
57,540 SF
Lot
2.55 ac (111,236 SF)
Zoning code
IG1 U/85
APN
536720-4505
UPID
US90-1705922
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG1 U/85 · Seattle, WAZoning IG1 U/85 · permitted uses
IG1 U/85 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.4M
OFFICE BUILDING
Est. value
$20.3M
MEDICAL BUILDING
Est. value
$19.8M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
2.55 ac
Current owner
From public records · entity-resolved
Gfp Cl Seattle 6335 LLC
Entity
Mailing address
1099 18TH ST STE #2900, DENVER, CO 80202-1929
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
—
Gfp Cl Seattle 6335 LLC
—
Deed
related
$61,340,000 · Gim Commercial Mortgage Loan Fund LP
Feb 18, 2022
$15,483,000
Gfp Cl Seattle 6335 LLC
Trent Avenue Partners LLC
Bargain And Sale Deed
—
Jan 25, 2022
—
Lone Star Investors
American Life INC
Quit Claim Deed
related
—
Aug 21, 2018
—
Trent Avenue Partners LLC
—
Deed
related
$2,400,000 · Jpmorgan Chase Bank NA
Jun 27, 2018
—
Trent Avenue Partners LLC
—
Deed
related
$2,400,000 · Lonestar Investors LP
Jun 18, 2018
$5,550,000
Trent Avenue Partners LLC
Lonestar Investors LP
Warranty Deed
$2,400,000 · Lonestar Investors LP
May 31, 2000
$3,300,000
American Life INC
Lone Star Northwest INC
Grant Deed
$2,300,000 · Exchange Facilitator Corp
Jan 9, 1992
$2,520,000
Lone Star Northwest INC
Riedel,arthur A
Grant Deed
—
—
—
American Life INC
—
Deed Of Trust
related
$2,100,000 · Hsbc Bank Canada
—
—
Trent Avenue Partners LLC
—
Deed Of Trust
related
$2,400,000 · Lonestar Investors LP
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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