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Property profile & analytics
FOR LEASE
Office buildings
801 South Fidalgo St, Seattle, WA 98108
Entity Owned
Absentee Owner
Free & Clear
Property ID
US90-0905910
For Lease
1 / 3
$3,380,000
801 South Fidalgo St, Seattle, WA 98108
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,150 SF
Lot
1.49 ac (64,857 SF)
Zoning code
MML U/85
APN
273810-0500
UPID
US90-0905910
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
Current use
Occupant on record · Public records
-
Allied Universal® Security Services Security Service
-
Seattle Shrimp & Seafood Co Take-out & Catering Fish Market
-
E & E Foods Take-out & Catering Fish Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.38M
Owner & transaction history
Worldkids Academy LLC
Worldkids Academy LLC
since 2025
7 recorded transactions
Zoning & alternative use
MML U/85 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,530,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.38M
Range $3.04M – $3.72M · ±10%
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
$186 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$70,655
Tax year 2024
Assessed value
$4,794,900
Assessed 2023
Previous assessed
$4,794,900
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$2,918,500
Assessed improvement
$1,876,400
Land market value
$2,918,500
Improvement market value
$1,876,400
Total market value
$4,794,900
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Buildings
2
Stories
2
Total area
18,150 SF
Lot
1.49 ac (64,857 SF)
Zoning code
MML U/85
APN
273810-0500
UPID
US90-0905910
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MML U/85 · Seattle, WA
Zoning MML U/85 · permitted uses
MML 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
Est. value
$5.5M
WAREHOUSE, STORAGE
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
2
Buildings
2
Lot
1.49 ac
Current owner
From public records · entity-resolved
Worldkids Academy LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2829 RUCKER AVE, EVERETT, WA 98201-3456
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
—
Worldkids Academy LLC
Ncnw Georgetown LLC
Deed
—
Sep 8, 2025
—
Ncnw Georgetown LLC
—
Deed
related
$3,769,000 · Northwest Business Development Associati
Aug 23, 2017
$5,660,000
Georgetown Prof Center LLC
Michigan Street Buildings LLC
Warranty Deed
$3,688,750 · Zions First Nat'l Bk
Nov 1, 2016
—
Michigan Street Buildings LLC
—
Deed
related
$6,200,000 · Homestreet Bk
Jun 29, 2006
$10,100,000
Michigan Street Buildings LLC
Bear Properties LLC
Grant Deed
$7,000,000 · Cibc INC
Aug 28, 1998
$3,425,000
Bear Properties LLC
Pacific Northwest Group
Grant Deed
$3,000,000 · Amresco Capital Corp
Nov 14, 1991
—
Pacific Northwest Group A
Spieker-hosford-
Grant Deed
related
—
—
—
Michigan Street Buildings LLC
—
Deed Of Trust
related
$6,200,000 · Homestreet Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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