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Financial
Distress signals
Property profile

87 Wall St Seattle, WA 98121

FOR SALE
Office buildings
Property ID
US90-0698791
14,130 SF 0.17 ac lot Built 1912
Last sale Oct 2021 · $4,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

An office building totaling 14,130 square feet, configured with approximately 7,790 square feet on the first floor and approximately 5,300 square feet on the second floor, plus an additional 1,040 square feet in a lower level. The floor levels are designed to be separately leased.

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.

Debts

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?
$36k
Tax billed · 2022
Assessed value$4.32M
Assessed land$3.78M
Assessed improvement$539k
Effective rate0.84%

Value estimate

· Oct 2026
$3.87M
$3.48M – $4.25M
AI approach$3.91M
CAP approach$4.07M
Submarket $/SF estimate$3.23M
NOI build-up
Gross scheduled income$429k
Vacancy & credit loss−$98k
Operating expenses−$83k
NOI · 7.63% cap applied$248k

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

Recently sold

What actually traded nearby?
$353/SF
Submarket average, outlier-cleaned · 337 recorded sales of this use type
Observed band · Q1–Q3$205 – $579
Qualifying comparables3

Cap rate analysis

How does the asset earn?
7.63%
$248k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DMR/C 95/75
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.5
Shoe Repair7.1
Veterinary Clinic6.4

Location

87 Wall St Seattle, WA 98121
County assessor Recorded deeds · 3 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
2320 1st, Seattle, WA 98121-1623 $3,200,000 Sep 2023 15,356 SF
2412 2nd, Seattle, WA 98121-1425 $2,528,000 Jan 2023 5,520 SF
2616 Western, Seattle, WA 98121 $4,320,000 Dec 2022 14,400 SF
2300 7th, Seattle, WA 98121-1904 $126,750,000 Apr 2022 23,662 SF
2607 2nd, Seattle, WA 98121-1289 $6,500,000 Jan 2021 20,565 SF
901 Lenora, Seattle, WA 98121-2714 $935,000 Dec 2020 21,600 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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