Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Seattle, WA 98103

    • Manufacturing properties
    • 30,040 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1272457
    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

    • Manufacturing properties

    Property Details

    Year built
    1969
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.94 lot acres
    Property size
    30,040 SF
    Zone code
    C2-55 (M)
    Property type
    Manufacturing properties
    APN
    408330-6930
    APU
    4083306930

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.339
    Latitude
    47.6486
    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
    $7,744
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $415,000
      14,575 SF

      504 85th St

      MANUFACTURING (LIGHT) • 14,575 SF
      504 85th St, Seattle, WA 98103-3721
      View Details
    • Value Estimation
      $425,000
      13,900 SF

      1604 34th St

      MANUFACTURING (LIGHT) • 13,900 SF
      1604 34th St, Seattle, WA 98103-9002
      View Details
    • Value Estimation by Request
      7,320 SF

      1140 94th St

      MANUFACTURING (LIGHT) • 7,320 SF
      1140 94th St, Seattle, WA 98103-3306
      View Details
    • Value Estimation by Request
      13,014 SF

      614 45th St

      MANUFACTURING (LIGHT) • 13,014 SF
      614 45th St, Seattle, WA 98103-6405
      View Details
    • Value Estimation by Request
      10,000 SF

      1126 98th St

      MANUFACTURING (LIGHT) • 10,000 SF
      1126 98th St, Seattle, WA 98103-3315
      View Details
    • Value Estimation
      $215,000
      3,360 SF

      456 35th St

      MANUFACTURING (LIGHT) • 3,360 SF
      456 35th St, Seattle, WA 98103-8607
      View Details

    Similar Nearby for Sale

    • $2,750,000

      Mixed-Use Building in Seattle

      Masonry building with warehouse, office, and residential space.
      3631 Interlake Ave N, Seattle, WA 98103
      View Details
    • $2,500,000
      7,970 SF

      Office/Warehouse Building with Fenced Yard

      7,970 SF office/warehouse building with fenced yard and parking.
      4301 Aurora Ave N, Seattle, WA 98103
      View Details
    • $3,000,000

      Greenwood District Office/Warehouse Opportunity

      Office/warehouse property in Seattle's Greenwood District, formerly a distribution center.
      9241 Greenwood Ave N, Seattle, WA 98103
      View Details
    • $26,000,000
      124,848 SF

      Ballard Industrial Portfolio For Sale

      Five buildings in Ballard with flexible use potential.
      1148 NW 50Th St, Seattle, WA 98103
      View Details
    • $1,500,000

      Phinney Ridge Industrial Building For Sale

      7,822 SF industrial building in Phinney Ridge/Green Lake neighborhood.
      7223 Aurora Ave N, Seattle, WA 98103
      View Details
    • $3,250,000
      9,042 SF

      Seattle Industrial Flex Space

      9,042 SF Flex/Warehouse, Owner-User Opportunity
      3631 Interlake Ave, Seattle, WA 98103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,156 SF

      Seattle Industrial Space Available

      25,156 SF industrial property for lease in Seattle.
      3400 Phinney Ave N, Seattle, WA 98103
      View Details
    • Contact for pricing
      89,500 SF

      Industrial and Retail Space Available

      89,500 SF industrial and retail space for lease.
      1141 NW 50Th St, Seattle, WA 98103
      View Details
    • Contact for pricing
      38,533 SF

      Renton Industrial Space Available

      Industrial property available for rent in Renton, Washington.
      700 SW 34Th St, Renton, WA 98103
      View Details
    • Contact for pricing
      14,599 SF

      Fremont Office and Flex Space

      Office and flex space available in Fremont location.
      1103 N 36Th St, Seattle, WA 98103
      View Details
    • $6 SF/Yr
      5,000 SF

      Secured Storage & Warehouse Space

      Functional storage and warehouse space in a secured yard.
      3410 Woodland Park Ave N, Seattle, WA 98103
      View Details
    • Contact for pricing
      76,280 SF

      Seattle Warehouse with Fenced Truck Court

      76,280 SF warehouse featuring a fenced truck court.
      915 S 96Th St, Seattle, WA 98103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Seattle, WA 98103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.