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Property profile

7420 24th St Mercer Island, WA 98040

OFF-MARKET
Office Spaces
Property ID
US90-1799813
2,912 SF 0.23 ac lot Built 1962
Last sale Jul 2011 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional King County office space offers a rare opportunity to lease a 342-square-foot single-tenant office. The property is classified as a traditional office space and is ideal for a small business or individual professional seeking a private and efficient workspace. A key feature is the inclusion of a private restroom, a significant advantage for maintaining privacy and convenience. The space is located within King County, offering easy access to various amenities and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value$1.61M
Assessed land$747k
Assessed improvement$863k
Effective rate0.61%

Value estimate

· Oct 2026
$520k
$468k – $572k
AI approach$320k
Submarket $/SF estimate$489k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$510/SF
County average, outlier-cleaned · 433 recorded sales of this use type
Observed band · Q1–Q3$200 – $973
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B
Doing Business Bids & RFPs Business Licenses Mercer Island Chamber of Commerce Permits Taxes Community Development Building & Inspections...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop22.0
Wholesale Shop17.4
Auto Parts Store15.1

Location

7420 24th St Mercer Island, WA 98040-2340
County assessor Recorded deeds · 2 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 12 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3003 81st SE, Mercer Island, WA 98040 $3,300,000 Dec 2022 3,683 SF
3003 77th SE, Mercer Island, WA 98040-2837 $114,095,000 Apr 2022 155,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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