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Property profile & analytics
OFF-MARKET
Estimated value
$2,730,000
Industrial properties
700 42nd St Seattle, WA 98107-4505
Entity Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1556197
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1999
Construction
WOOD
Total area
28,844 SF
Lot
0.39 ac (16,801 SF)
Zoning code
IG2 U/65
APN
251600-0050
UPID
US90-1556197
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
-
Village Framers Corporation Construction Company General Contractor
-
Plumb Pros LLC Plumbing Service General Contractor
-
Jakoba Software (Bike/Boat/Book/etc) Store Corporate Office
-
ActivSpace in Ballard Real Estate Agency
-
Technicolor Dino Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.73M
Owner & transaction history
Workshops Ballard LLC · 27 yrs held
Workshops Ballard LLC
since 1998
6 recorded transactions
Zoning & alternative use
IG2 U/65 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$95 / 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
$37,527
Tax year 2022
Assessed value
$4,230,400
Assessed 2022
Previous assessed
$4,230,400
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$2,604,100
Assessed improvement
$1,626,300
Land market value
$2,604,100
Improvement market value
$1,626,300
Total market value
$4,230,400
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
1999
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
4
Total area
28,844 SF
Lot
0.39 ac (16,801 SF)
Zoning code
IG2 U/65
APN
251600-0050
UPID
US90-1556197
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IG2 U/65 · Seattle, WA
Zoning IG2 U/65 · permitted uses
IG2 U/65 · 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
1999
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
4
Lot
0.39 ac
Current owner
From public records · entity-resolved
Workshops Ballard LLC
Entity
Free & Clear · 27 yrs held
Mailing address
819 N 49TH ST STE #400, SEATTLE, WA 98103-6577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
Workshops Seattle Ballard L L C
—
Deed
related
$71,000,000 · German American Capital Corp
Aug 30, 2016
—
Workshops Seattle Ballard LLC
—
Deed
related
$4,000,000 · Heritage Bank
Feb 17, 1999
—
Workshops Seattle Ballard LLC
—
Grant Deed
related
$1,850,000 · Frontier Bank
Sep 29, 1998
$192,000
Workshops Ballard LLC
Trillium Mortgage Corp
Grant Deed
—
—
—
Workshops Seattle Ballard LLC
—
Deed Of Trust
related
$3,273,422 · Bank Of The West
—
—
Workshops Seattle Ballard LLC
—
Deed Of Trust
related
$2,550,000 · Homestreet Bank
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.
Try Rey
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