Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6967 California SW Ave Seattle, WA 98136-1953

    • Retail space
    • 2,780 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0620222
    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

    • Fit All Alterations / (Bike/Boat/Book/etc) Store

    Property Details for 6967 California SW Ave

    Year built
    1924
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    2,780 SF
    Zone code
    LR2 RC (M)
    Property type
    Retail space
    APN
    280960-0005
    APU
    2809600005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $690,000
      6.5%
      $640,000
      7%
      $590,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $980,000
      MEDICAL BUILDING
      $955,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.388
    Latitude
    47.5409
    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
    $9,748
    $810,000
    $249,300
    $1,059,300
    -
    $810,000
    $249,300
    $1,059,300

    Comparable in this City

    • Value Estimation
      $1,165,000
      5,248 SF

      6451 Fauntleroy SW Way

      RETAIL STORES (PERSONAL SERVICES) • 5,248 SF
      6451 Fauntleroy SW Way, Seattle, WA 98136-1881
      View Details
    • Value Estimation by Request
      2,927 SF

      5437 California SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,927 SF
      5437 California SW Ave, Seattle, WA 98136-1583
      View Details
    • Value Estimation
      $525,000
      2,706 SF

      5046 California SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,706 SF
      5046 California SW Ave, Seattle, WA 98136-1208
      View Details
    • Value Estimation
      $675,000
      1,110 SF

      5409 California SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,110 SF
      5409 California SW Ave, Seattle, WA 98136-1512
      View Details
    • Value Estimation
      $1,620,000
      2,959 SF

      5440 California SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,959 SF
      5440 California SW Ave, Seattle, WA 98136-1513
      View Details
    • Value Estimation by Request
      1,440 SF

      6957 California SW Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      6957 California SW Ave, Seattle, WA 98136-1953
      View Details

    Similar Nearby for Sale

    • $1,998,000
      4,916 SF

      Versatile West Seattle Commercial Property

      Unique live/work or business opportunity in a prime West Seattle location.
      5932 California Ave SW, Seattle, WA 98136
      View Details
    • $6,950,000
      19,340 SF

      West Seattle Multifamily Investment Opportunity

      24-unit apartment building near Lincoln Park with rental upside.
      7060 Lincoln Park Way SW, Seattle, WA 98136
      View Details
    • $589,000

      Puget Sound View Land Parcels

      Rare 1.84-acre development opportunity with Puget Sound views.
      5426 Beach Drive Ter, Seattle, WA 98136
      View Details
    • $1,800,000

      Seattle Land for Sale

      Land available in Seattle, WA.
      5410 California Ave SW, Seattle, WA 98136
      View Details
    • $2,595,000

      Waterfront Property in West Seattle

      Charming 1941 property with private beach and stunning views.
      7043 Beach Dr SW, Seattle, WA 98136
      View Details
    • $1,998,000

      Architecturally Stunning Mixed-Use Property

      Commercial/residential property with high-end finishes and flexible layout.
      5932 California Ave, Seattle, WA 98136
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6967 California SW Ave
    Seattle, WA 98136-1953
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.