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    9243 Martin Luther King Jr Way S Seattle, WA 98118
    Property profile & analytics

    9243 Martin Luther King Jr Way S, Seattle, WA 98118

    View on Map

    • Warehouses
    • 6,110 SF
    • 0.66 lot acres
    Large Land Site with Warehouse For Sale
    $2,090,000
    0.66 Acres

    Large Land Site with Warehouse

    Land site with warehouse, convenient access to freeway and Seattle CBD.

    9243 Martin Luther King Jr Way S, Seattle, WA
    View Listing
    Property ID
    US90-0770435
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    4.3%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Universal Appliance & Refrigeration / Production Facility / Industrial Manufacturer

    Property Details for 9243 Martin Luther King Jr Way S

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.66 lot acres
    Zone code
    C2-75 (M)
    Property type
    Warehouses
    APN
    807200-0075
    APU
    8072000075

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 31, 2022 Universal Appliance & Com Refrigera Deed · related $1.9M · Us Bank NA
    Jan 28, 2022 $2,550,000 Universal Appliance & Commercial Re Keeling Investments LLC Warranty Deed
    May 28, 2008 $1,150,000 Keeling Investments LLC Sather Palmer E Trust Warranty Deed $750k · Joseph A D & Palmer E Sather
    Nov 10, 2004 $13,700 Central Puget Sound Regional T Sather,palmer E Grant Deed
    Jan 27, 1993 Palmer E Sather Sather,j A&pauli Quit Claim Deed · related
    Pamela E Sather Deed Of Trust · related
    Keeling Investments LLC Deed Of Trust · related $200k · William C & Barbara G Nielsen

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,070,000
      ML approach
      $2,040,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,495,000
      6.5%
      $1,380,000
      7%
      $1,280,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,942,000
      Market price range: $1.11M - $2.79M
    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,805,000
      Current use
      RESTAURANT
      $3,205,000
      Change: +78% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,515,000
      Change: +39% Conversion: Easy
      RETAIL STORES
      $2,450,000
      Change: +36% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,165,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $2,160,000
      Change: +20% Conversion: Difficult
      MEDICAL BUILDING
      $2,100,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,895,000
      Change: +5% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.28
    Latitude
    47.5194
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,268
    $917,600
    $418,900
    $1,336,500
    -
    $917,600
    $418,900
    $1,336,500
    View Listing
    More about this property
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