Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    700 42nd St Seattle, WA 98107-4505
    Property profile & analytics

    700 42nd St, Seattle, WA 98107-4505

    View on Map
    • Industrial properties
    • 28,844 SF
    • 0.39 lot acres
    Off-Market
    Property ID
    US90-1556197
    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.
    Value Estimations
    $2,730,000
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 700 42nd St

    Year built
    1999
    Construction
    WOOD
    Lot size
    0.39 lot acres
    Zone code
    IG2 U/65
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    251600-0050
    APU
    2516000050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 10, 2025 — Workshops Seattle Ballard L L C — Deed · related $71M · German American Capital Corp
    Aug 30, 2016 — Workshops Seattle Ballard LLC — Deed · related $4M · Heritage Bank
    Feb 17, 1999 — Workshops Seattle Ballard LLC — Grant Deed · related $1.9M · Frontier Bank
    Sep 29, 1998 $192,000 Workshops Ballard LLC Trillium Mortgage Corp Grant Deed —
    — — Workshops Seattle Ballard LLC — Deed Of Trust · related $3.3M · Bank Of The West
    — — Workshops Seattle Ballard LLC — Deed Of Trust · related $2.6M · Homestreet Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.365
    Latitude
    47.6581
    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
    $37,527
    $2,604,100
    $1,626,300
    $4,230,400
    -
    $2,604,100
    $1,626,300
    $4,230,400

    Comparable in this City

    • Value Estimation
      $880,000
      8,824 SF

      632 46th St

      INDUSTRIAL LOFT BUILDING
      632 46th St, Seattle, WA 98107-4443
      View Details
    • Value Estimation by Request
      13,762 SF

      2856 Market St

      INDUSTRIAL LOFT BUILDING
      2856 Market St, Seattle, WA 98107-4214
      View Details
    • Value Estimation
      $1,480,000
      10,548 SF

      4020 Leary NW Way

      INDUSTRIAL LOFT BUILDING
      4020 Leary NW Way, Seattle, WA 98107-5002
      View Details
    • Value Estimation by Request
      12,076 SF

      4611 11Th Ave

      Distribution properties
      4611 11Th Ave, Seattle, WA 98107
      View Details
    • Value Estimation
      $1,020,000
      8,278 SF

      1553 Leary Way

      INDUSTRIAL (GENERAL)
      1553 Leary Way, Seattle, WA 98107-4740
      View Details
    • Value Estimation by Request
      0.11 Acres

      1117 53rd St

      INDUSTRIAL (GENERAL)
      1117 53rd St, Seattle, WA 98107-3736
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      65,854 SF

      Ballard Mixed-Use Development Opportunity

      Two neighboring properties in Seattle's Ballard neighborhood with value-add potential.
      5422 Ballard Ave NW, Seattle, WA 98107
      View Details
    • $26,000,000

      Ballard Industrial Portfolio For Sale

      Five buildings in Ballard with access to downtown Seattle.
      4818 NW 50Th St, Seattle, WA 98107
      View Details
    • Contact for pricing

      Ballard Avenue Investment Property

      Retail frontage and parking in a prime Ballard location.
      4733 Ballard Ave NW, Seattle, WA 98107
      View Details
    • Contact for pricing

      Ballard Industrial Portfolio For Sale

      Three industrial buildings in Ballard with access to Seattle.
      4818 NW 50Th St, Seattle, WA 98107
      View Details
    • Contact for pricing
      124,848 SF

      Ballard Industrial Portfolio For Sale

      Five buildings in Ballard with flexible use potential.
      1148 NW 50Th St, Seattle, WA 98107
      View Details
    • Contact for pricing

      Seattle Industrial Property for Sale

      Industrial property available for purchase in Seattle, Washington.
      4816 15Th Ave NW, Seattle, WA 98107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      272 SF

      Ballard Retail Space For Rent

      Retail space in prime Ballard area with excellent visibility.
      1130-1132 NW Market St, Seattle, WA 98107
      View Details
    • Contact for pricing

      Renovated Ballard Warehouse/Office Property

      Stand-alone warehouse/office in Seattle's Ballard neighborhood, zoned for industrial uses.
      1123 NW 51St St, Seattle, WA 98107
      View Details
    • Contact for pricing
      2,504 SF

      Creative Light Industrial Flex Space

      Creative flex space suitable for various business types.
      2601-2655 NW Market St, Seattle, WA 98107
      View Details
    • $1.35 SF/Yr

      Ballard Warehouse with Oversized Doors

      Warehouse space in Ballard with oversized doors, available 2026.
      4776 Shilshole Ave NW, Seattle, WA 98107
      View Details
    • Sponsored
      Contact for pricing

      Ballard

      Discover many ways to work your way in Ballard
      1455 Leary Way, Shoreline, WA 98107
      View Details
    • Contact for pricing
      9,322 SF

      Office and Warehouse Space Available

      Office, warehouse, and manufacturing spaces for rent with waterfront views.
      5305-5309 Shilshole Ave NW, Seattle, WA 98107
      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.
    700 42nd St
    Seattle, WA 98107-4505
    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

    Thank You for Inquiry
    700 42nd St, Seattle, WA, 98107
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!