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    7100 42nd S Ave Seattle, WA 98118-3515
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    7100 42nd S Ave Seattle, WA 98118-3515

    View on Map
    • Office buildings
    • 24,200 SF
    • 2.00 lot acres
    Off-Market
    Property ID
    US90-1569337
    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
    $5,710,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Iglesia ni Cristo - Locale of Seattle / Church / Mosque
    • Seattle locale / Church

    Property Details for 7100 42nd S Ave

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.00 lot acres
    Property size
    24,200 SF
    Zone code
    NC3-75 (M)
    Property type
    Office buildings
    APN
    880000-0005
    APU
    8800000005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,800,000
      6.5%
      $7,200,000
      7%
      $6,690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,595,000
      Market price range: $1.20M - $4.55M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,550,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $8,585,000
      Change: +0% Conversion: Easy
      MEDICAL BUILDING
      $8,320,000
      Change: -3% Conversion: Easy
      COMMERCIAL (GENERAL)
      $7,500,000
      Change: -12% Conversion: Easy
      WAREHOUSE, STORAGE
      $7,150,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.28
    Latitude
    47.5384
    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
    $13,758
    $8,272,200
    $1,528,800
    $9,801,000
    -
    $8,272,200
    $1,528,800
    $9,801,000

    Comparable in this City

    • Value Estimation
      $8,810,000
      41,262 SF

      3600 Graham St

      OFFICE BUILDING • 41,262 SF
      3600 Graham St, Seattle, WA 98118-3175
      View Details
    • Value Estimation by Request
      2,400 SF

      9450 Renton S Ave

      OFFICE BUILDING • 2,400 SF
      9450 Renton S Ave, Seattle, WA 98118-5431
      View Details
    • Value Estimation
      $2,755,000
      18,468 SF

      5224 Wilson S Ave

      OFFICE BUILDING • 18,468 SF
      5224 Wilson S Ave, Seattle, WA 98118-2587
      View Details
    • Value Estimation
      $810,000
      4,156 SF

      5119 Cloverdale Pl

      OFFICE BUILDING • 4,156 SF
      5119 Cloverdale Pl, Seattle, WA 98118
      View Details
    • Value Estimation
      $4,470,000
      28,500 SF

      9800 40th S Ave

      OFFICE BUILDING • 28,500 SF
      9800 40th S Ave, Seattle, WA 98118-5603
      View Details
    • Value Estimation
      $1,410,000
      8,236 SF

      4436 Rainier S Ave

      OFFICE BUILDING • 8,236 SF
      4436 Rainier S Ave, Seattle, WA 98118-1373
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hillman City Retail/Office Building

      Retail/office building with high traffic, visibility, and public transportation access.
      5619 Rainier Ave, Seattle, WA 98118
      View Details
    • Contact for pricing

      Hillman City Brick Building

      Stunning brick building with high traffic and visibility.
      5619 Rainier Ave S, Seattle, WA 98118
      View Details
    • $5,200,000
      8,401 SF

      Keefe Building in Hillman City

      Stunning brick building with high traffic and visibility.
      5617 Rainier Ave S, Seattle, WA 98118
      View Details
    • $2,200,000
      5,326 SF

      South Seattle Retail Investment Opportunity

      Multi-tenant retail strip center in Columbia City neighborhood.
      4850 37Th Ave S, Seattle, WA 98118
      View Details
    • $3,700,000
      Pending

      Seattle Church Building For Sale

      6,669 SF church on .82-acre in Rainier Valley.
      7550 Martin Luther King Jr Way S, Seattle, WA 98118
      View Details
    • $1,580,000

      Commercial Building in Columbia City

      Commercial building suitable for various businesses or redevelopment.
      5200 Rainier Ave S, Seattle, WA 98118
      View Details

    Similar Nearby for Lease

    • $2,512 /Mo
      1,884 SF

      Historic Columbia City Office/Retail Space

      Historic building in Columbia City with open floor plan.
      4914 Rainier Ave S, Seattle, WA 98118
      View Details
    • Contact for pricing
      3,934 SF

      Efficient Tukwila Office Space

      Energy-efficient office space with solar power and ample parking.
      15200 52Nd Ave S, Tukwila, WA 98118
      View Details
    • Contact for pricing
      957 SF

      Renovated Rainier Beach Office/Retail Space

      Renovated office or retail space with ample parking near light rail.
      9238 Rainier Ave S, Seattle, WA 98118
      View Details
    • Contact for pricing

      South Seattle Retail/Office Space

      Retail and office spaces available for lease in South Seattle.
      4524 S Henderson St, Seattle, WA 98118
      View Details
    • $9,903 /Mo
      7,922 SF

      Seattle Office Space Available

      Office suites available for rent in Seattle, WA.
      3701 Norfolk St, Seattle, WA 98118
      View Details
    • $1,595 /Mo
      957 SF

      Renovated Rainier Beach Office/Retail Space

      Renovated office or retail space with ample parking.
      9238 Rainier Ave S, Seattle, WA 98118
      View Details
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    7100 42nd S Ave
    Seattle, WA 98118-3515
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    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
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