Financial
Distress signals
Property profile

9243 Martin Luther King Jr Way S Seattle, WA 98118

FOR SALE
Other warehouses
Property ID
US90-0770435
6,110 SF 0.66 ac lot Built 1948
Last sale Jan 2022 · $2,550,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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9243 Martin Luther King Jr Way S, Seattle, WA 98118 For Sale
Contact for pricing 6,110 SF
9243 Martin Luther King Jr Way S, Seattle, WA 98118
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Property summary

AI-generated overview

The property consists of a large land site improved by a 6,110-square-foot warehouse. It has truck access rated for WB-50 service via two streets and is located near the I-5 freeway and the Seattle CBD. The site is zoned C2-75, allowing for a variety of commercial uses. An environmental report with clean findings is available, and the warehouse is expected to be vacant by March 2026 or sooner.

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?
$16k
Tax billed · 2022
Assessed value$1.34M
Assessed land$918k
Assessed improvement$419k
Effective rate1.22%

Value estimate

· Sep 2026
$2.07M
$1.86M – $2.28M
AI approach$2.04M
CAP approach$1.38M
Submarket $/SF estimate$1.94M

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C2-75 (M)
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily non-retail commercial...
General categoryINDUSTRIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency40.8
Law Firm26.1
Building Supply24.4

Location

9243 Martin Luther King Jr Way S Seattle, WA 98118
County assessor Recorded deeds · 7 transfers 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 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5244 Rainier S, Seattle, WA 98118-6104 $499,995 Dec 2022 2,052 SF
9844 40th S, Seattle, WA 98118-5603 $5,960,000 Jul 2019 19,590 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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