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Property profile & analytics
OFF-MARKET
Estimated value
$105,130,000
Parking lots & garages
Seattle, WA 98107
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1958985
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1966
Lot
0.11 ac (5,000 SF)
Zoning code
NC3-75 (M)
APN
276810-0395
UPID
US90-1958985
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$105.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$105.13M
Owner & transaction history
Mainstay Ballard LLC · 1 yrs held
Mainstay Ballard LLC
since 2024
Last sale
$105.1M
6 recorded transactions
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$105,130,000
ML approach
$105,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$105.13M
Range $94.62M – $115.64M · ±10% · vs last sale $105.13M (Dec 13 2024)
Last sale anchor
$105.13M
Dec 13 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$16,792
Tax year 2022
Assessed value
$1,950,000
Assessed 2022
Previous assessed
$1,950,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,950,000
Land market value
$1,950,000
Total market value
$1,950,000
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1966
Heating
NONE
Lot
0.11 ac (5,000 SF)
Zoning code
NC3-75 (M)
APN
276810-0395
UPID
US90-1958985
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Zoning NC3-75 (M) · permitted uses
NC3-75 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Mainstay Ballard LLC
Entity
Free & Clear · 1 yrs held
Mailing address
671 N GLEBE RD STE #800, ARLINGTON, VA 22203-2138
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
$105,129,090
Mainstay Ballard LLC
Avalon Ballard LLC
Special Warranty Deed
—
Jan 31, 2008
$2,750,000
Avalon Ballard LLC
Market & 56th LLC
Warranty Deed
—
Jun 24, 2005
$925,000
Market & 56th LLC
Slmc LLC
Warranty Deed
$425,000 · Slmc LLC
Sep 19, 2003
$400,000
Slmc LLC
Ballard Food Corp
Grant Deed
$230,000 · Ballard Food Corp
—
—
Ballard Food Corp
—
Deed Of Trust
related
$150,000 · Pacific Coast Inv Co Psp
—
—
Ballard Food Corp
—
Deed Of Trust
related
$20,000 · Sharon L Mccrae
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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