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Property profile & analytics
OFF-MARKET
Estimated value
$11,500,000
Warehouses
7717 Detroit SW Ave, Seattle, WA 98106-1903
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1277423
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,659 SF
Lot
13.89 ac (605,207 SF)
Zoning code
IB U/85
APN
302404-9026
UPID
US90-1277423
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.05M
Blend (final)
Blend
$11.50M
Owner & transaction history
Cref3 Detroit Owner LLC · 5 yrs held
Cref3 Detroit Owner LLC
since 2021
Last sale
$14.3M
5 recorded transactions
Zoning & alternative use
IB U/85 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.1M
+77.7%
Commercial (general)
$15.5M
+71.3%
Auto repair, garage
$12.6M
+39.3%
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
Method
Estimation
Statistic approach
$14,270,000
ML approach
$9,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,055,000
Current use
RESTAURANT
$16,090,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,515,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,615,000
Change: +39% · Conversion: Easy
RETAIL STORES
$12,295,000
Change: +36% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$10,875,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$10,835,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$10,540,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$11.50M
Range $10.35M – $12.65M · ±10% · vs last sale $14.33M (May 13 2021)
Last sale anchor
$14.33M
May 13 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$375 / 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
$92,449
Tax year 2022
Assessed value
$6,497,500
Assessed 2022
Previous assessed
$6,497,500
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$4,539,000
Assessed improvement
$1,958,500
Land market value
$4,539,000
Improvement market value
$1,958,500
Total market value
$6,497,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
2
Total area
30,659 SF
Lot
13.89 ac (605,207 SF)
Zoning code
IB U/85
APN
302404-9026
UPID
US90-1277423
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IB U/85 · Seattle, WA
Zoning IB U/85 · permitted uses
IB U/85 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.1M
RESTAURANT
Est. value
$16.1M
COMMERCIAL (GENERAL)
Est. value
$15.5M
AUTO REPAIR, GARAGE
Est. value
$12.6M
RETAIL STORES
Est. value
$12.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
OFFICE BUILDING
Est. value
$10.8M
MEDICAL BUILDING
Est. value
$10.5M
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
2
Lot
13.89 ac
Current owner
From public records · entity-resolved
Cref3 Detroit Owner LLC
Entity
Mailing address
5221 N O CONNOR BLVD STE #700, IRVING, TX 75039-4428
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Cref3 Detriot Owner LLC
—
Deed
related
$164,750,000 · Deutsche Bank National Trust Co
Oct 4, 2021
—
Cref3 Detroit Owner LLC
—
Deed
related
$400,000,000 · Deutsche Bank National Trust Co
May 13, 2021
$14,325,000
Cref3 Detroit Owner LLC
F & V Investments LLC
Warranty Deed
$300,000,000 · Deutsche Bank
Nov 16, 1999
—
F & V Investments LLC
F & V Investments
Quit Claim Deed
related
—
—
—
F & V Investments LLC
—
Deed Of Trust
related
$2,800,000 · Clarica Life Insurance Co
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.
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