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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    969 Nebraska St Seattle, WA 98108-2747

    • Warehouses
    • 11,550 SF
    • 0.54 lot acres
    OFF-MARKET
    Last Sale
    Sep 12, 2024
    $5,000,000
    Value Estimations
    $5,000,000
    Show details
    Cap Rate Potential
    2.5%
    Warehouses
    Location Intelligence
    Property ID
    US90-0777037
    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.

    Current Use by Public Records

    • Artisan Electric / Green Energy Supplier / Solar Energy Company
    • SM20 Dryer Vent & Chimney Cleaning Serv. ltd / General Contractor
    • System Incorporated / Hvac Contractor

    Property Details for 969 Nebraska St

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.54 lot acres
    Property size
    11,550 SF
    Zone code
    NC3-55 (M)
    Property type
    Warehouses
    APN
    535420-0245
    APU
    5354200245

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,000,000
      ML approach
      $5,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,796,000
      Market price range: $2.22M - $5.00M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,520,000
      Current use
      RESTAURANT
      $6,060,000
      Change: +72% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,845,000
      Change: +66% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,750,000
      Change: +35% Conversion: Easy
      RETAIL STORES
      $4,630,000
      Change: +32% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $4,095,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $4,080,000
      Change: +16% Conversion: Difficult
      MEDICAL BUILDING
      $3,970,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.319
    Latitude
    47.5491
    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
    2024
    $37,711
    $1,177,700
    $1,883,200
    $3,060,900
    -
    $1,177,700
    $1,883,200
    $3,060,900

    Comparable in this City

    • Value Estimation
      $1,695,000
      11,688 SF

      629 Industrial Way

      WAREHOUSE, STORAGE • 11,688 SF
      629 Industrial Way, Seattle, WA 98108-5230
      View Details
    • Value Estimation
      $1,525,000
      12,000 SF

      625 Industrial Way

      WAREHOUSE, STORAGE • 12,000 SF
      625 Industrial Way, Seattle, WA 98108-5230
      View Details
    • Value Estimation
      $3,600,000
      29,323 SF

      620 Industrial Way

      WAREHOUSE, STORAGE • 29,323 SF
      620 Industrial Way, Seattle, WA 98108-5236
      View Details
    • Value Estimation
      $1,150,000
      10,000 SF

      1541 12th W Marginal S Pl

      WAREHOUSE, STORAGE • 10,000 SF
      1541 12th W Marginal S Pl, Seattle, WA 98108
      View Details
    • Value Estimation by Request
      2,520 SF

      121 Riv St

      WAREHOUSE, STORAGE • 2,520 SF
      121 Riv St, Seattle, WA 98108-3245
      View Details
    • Value Estimation
      $5,050,000
      29,400 SF

      9320 15th S Ave

      WAREHOUSE, STORAGE • 29,400 SF
      9320 15th S Ave, Seattle, WA 98108-5105
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      55,700 SF

      Georgetown Office/Warehouse Space

      24,000 SF office/warehouse space in Seattle's Georgetown neighborhood.
      6001-6017 6Th Ave S, Seattle, WA 98108
      View Details
    • $5,450,000
      19,345 SF

      Georgetown Warehouse with Highway Access

      Warehouse building with great access to I-5, I-90, and Hwy 99/509.
      215 S Findlay St, Seattle, WA 98108
      View Details
    • $5,450,000

      Georgetown Warehouse with Divisible Space

      19,345 SF warehouse divisible into three units with offices.
      215 Findlay St, Seattle, WA 98108
      View Details
    • $2,250,000
      6,500 SF

      Seattle Warehouse Space Available

      6,500 SF warehouse space for sale in Seattle.
      5201 4Th Ave S, Seattle, WA 98108
      View Details
    • $1,400,000
      3,080 SF

      Georgetown Two-Story Commercial Building

      Two-story commercial building in Georgetown with parking and freeway access.
      6011 12Th Ave S, Seattle, WA 98108
      View Details
    • $5,510,000
      23,281 SF

      Seattle Warehouse on 1.26 Acres

      23,281 SF warehouse on 1.26 acres near logistics routes.
      401 S Webster St, Seattle, WA 98108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,203 SF

      Industrial Warehouse Building For Rent

      37,203 SF industrial warehouse with superior location and upgrades.
      7700 2Nd Ave S, Seattle, WA 98108
      View Details
    • $1.20 SF/Yr
      6,240 SF

      Industrial Space Available For Lease

      6,240 SF industrial space available for lease July 1, 2025.
      650-670 S Lucile St, Seattle, WA 98108
      View Details
    • Contact for pricing
      2,019 SF

      Warehouse Space with Dock Loading

      2,019 SF warehouse space featuring dock loading and ample power.
      202-208 S Mead St, Seattle, WA 98108
      View Details
    • $1.40 SF/Yr
      11,800 SF

      Warehouse Space Near Airport Way

      5,276 SF warehouse space with office near I-5.
      636 S Alaska St, Seattle, WA 98108
      View Details
    • $1.35 SF/Yr
      46,125 SF

      Industrial Space Available For Lease

      Industrial spaces for lease with office components in Seattle.
      750 S Michigan St, Seattle, WA 98108
      View Details
    • Contact for pricing
      14,080 SF

      South Seattle Warehouse with Visibility

      Remodeled 14,080 SF warehouse with office space in Seattle.
      5979 4Th Ave S, Seattle, WA 98108
      View Details
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    969 Nebraska St
    Seattle, WA 98108-2747
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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