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

    Seattle, WA 98122

    • Investment properties
    • 14,080 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1533195
    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

    • Investment properties

    Property Details

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    14,080 SF
    Zone code
    NC3P-75 (M)
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    600350-0150
    APU
    6003500150

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $468,000
      Market price range: $354k - $2.05M

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.319
    Latitude
    47.6131
    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
    $24,285
    $2,830,700
    $0.00
    $2,830,700
    -
    $2,830,700
    $0.00
    $2,830,700

    Comparable in this City

    • Value Estimation
      $395,000
      0.18 Acres

      1626 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 0.18 Acres
      1626 Broadway, Seattle, WA 98122-2411
      View Details
    • Value Estimation
      $825,000
      37,424 SF

      1406 10th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 37,424 SF
      1406 10th Ave, Seattle, WA 98122-3805
      View Details
    • Value Estimation
      $865,000
      59,760 SF

      1700 Madison St

      OFFICE/RESIDENTIAL (MIXED USE) • 59,760 SF
      1700 Madison St, Seattle, WA 98122-2798
      View Details
    • Value Estimation
      $285,000
      2,300 SF

      803 Denny Way, Unit 811

      OFFICE/RESIDENTIAL (MIXED USE) • 2,300 SF
      803 Denny Way, Seattle, WA 98122-2228
      View Details
    • Value Estimation
      $230,000
      3,771 SF

      1123 34th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,771 SF
      1123 34th Ave, Seattle, WA 98122-5138
      View Details
    • Value Estimation
      $280,000
      7,320 SF

      2002 Un St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,320 SF
      2002 Un St, Seattle, WA 98122-2836
      View Details

    Similar Nearby for Sale

    • $3,750,000
      12,236 SF

      Mixed-Use Property in Thriving Seattle

      Versatile mixed-use property in a dynamic, walkable Seattle location.
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    • $2,550,000
      2,310 SF

      Seattle Corner Lot Restaurant Site

      Corner lot in Seattle's Central District with mixed-use potential.
      2605-2609 E Cherry St, Seattle, WA 98122
      View Details
    • $2,195,000
      5,835 SF

      Central District 6-Unit Investment Opportunity

      Well-located 6-unit in Seattle with redevelopment potential and solid income.
      711 21St Ave, Seattle, WA 98122
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    • $388,000
      548 SF

      Capitol Hill Hybrid Condo

      Stylish condo with flexible layout, ideal for urban living.
      1420 E Pine St, Seattle, WA 98122
      View Details
    • $1,975,000
      3,828 SF

      Broadway State Building For Sale

      Fully occupied retail and office building in desirable Seattle location.
      824 Pike St, Seattle, WA 98122
      View Details
    • $3,500,000
      20,778 SF

      Remodeled Office Building with Parking

      Four-story office building with parking and views for sale.
      4241 21St Ave W, Seattle, WA 98122
      View Details

    Similar Nearby for Lease

    • $39 SF/Yr
      800 SF

      Seattle Creative Office Space

      800 sq ft, vibrant Capitol Hill location
      1400 20Th Ave, Seattle, WA 98122
      View Details
    • $38 SF/Yr
      1,374 SF

      Prime Seattle Retail Space

      Broadway Retail - Two Spaces Available
      508 Broadway, Seattle, WA 98122
      View Details
    • Contact for pricing
      3,550 SF

      Prime Seattle Retail Space

      High-traffic, 3,550 SF Retail/Restaurant
      1401 14Th Ave, Seattle, WA 98122
      View Details
    • $2,100 /Mo
      470 SF

      Charming Updated Apartment in Madrona

      Updated 1-bedroom apartment in a prime Madrona location.
      3109 E Marion St, Seattle, WA 98122
      View Details
    • $32 SF/Yr
      1,710 SF

      Retail Space Former Fitness Studio

      Retail space formerly a fitness studio with high ceilings.
      4535-4550 12Th Ave NE, Seattle, WA 98122
      View Details
    • $14,000 /Mo
      7,000 SF

      Capitol Hill Historic Building Office

      7000 SF office space in lively Capitol Hill.
      517 E Pike St, Seattle, WA 98122
      View Details
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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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