Financial
Distress signals
Property profile

9241 Greenwood Ave N Seattle, WA 98103

FOR LEASE
Distribution centers
Property ID
US90-0618962
7,888 SF 0.39 ac lot Built 1961
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
9241 Greenwood Ave N, Seattle, WA 98103 For Lease
$1,240,000 5,000 SF available
9241 Greenwood Ave N, Seattle, WA 98103
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Property summary

AI-generated overview

This office/warehouse building is located in the Greenwood District of North Seattle and was historically used as a distribution center for Half Price Books and as the headquarters for Anderson–McGruder Co., Inc. The first floor contains 6,206 square feet of combined warehouse and office space with a 14-foot clear height. The second floor contains 3,905 square feet of office space that was originally configured as headquarters space. The building was constructed by Anderson–McGruder Co., Inc. for use as an office headquarters.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$26k
Tax billed · 2022
Assessed value$2.77M
Assessed land$2.77M
Assessed improvement$1k
Effective rate0.93%

Value estimate

· Sep 2026
$1.24M
$1.12M – $1.36M
CAP approach$1.48M
NOI build-up
Gross scheduled income$78k
Vacancy & credit loss−$6k
Operating expenses−$22k
NOI · 2,489,455.45% cap applied$50k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$295/SF
Submarket average, outlier-cleaned · 209 recorded sales of this use type
Observed band · Q1–Q3$181 – $456
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2,489,455.45%
$50k 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?
C1-55 (M)
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service com...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop12.6
Laundromat9.3
Computer & Electronic Repair9.0

Location

9241 Greenwood Ave N Seattle, WA 98103
County assessor Recorded deeds · 1 transfer 5 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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