Financial
Distress signals
Property profile

780 Michigan St Seattle, WA 98108

OFF-MARKET
Other warehouses
Property ID
US90-2912909
40,120 SF 1.24 ac lot Built 1961
Last sale Sep 2018 · $9,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This flex warehouse building totals 9,802 square feet, consisting of 7,516 square feet of raw warehouse space and 2,287 square feet of showroom/office area. It features 18-foot ceilings, four dock doors, and one additional drive-in bay, with a sprinkler-based fire suppression system. The office/showroom space includes HVAC and central heating is provided throughout the building. The property is positioned for access to Interstate 5 and State Route 99, with proximity to Sea-Tac International

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$84k
Tax billed · 2022
Assessed value$9.09M
Assessed land$2.43M
Assessed improvement$6.66M
Effective rate0.92%

Value estimate

· Sep 2026
$5.75M
$5.17M – $6.32M
CAP approach$6.79M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$305/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$192 – $433
Qualifying comparables3

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?
IG2 U/85
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy13.1
Nail Salon12.6
Dental Office10.6

Location

780 Michigan St Seattle, WA 98108-2635
County assessor Recorded deeds · 2 transfers 3 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
969 Nebraska, Seattle, WA 98108-2747 $5,000,000 Sep 2024 11,550 SF
660 Othello, Seattle, WA 98108-3429 $23,000,000 May 2024 119,661 SF
6701 Marginal S, Seattle, WA 98108-3406 $44,500,000 May 2024 124,383 SF
1057 Director, Seattle, WA 98108-4702 $2,600,000 May 2024 15,000 SF
5300 Denver S, Seattle, WA 98108-2247 $11,000,000 Mar 2024 24,291 SF
9229 10th S, Seattle, WA 98108-4613 $8,000,000 Apr 2023 31,300 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
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