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    Dan Swanson

    License ID: 13533

    Service Locations

    Contact details

    Phone:
    (206) 296-9610
    Office Address:
    120 MARKET SQ, Cambridge, MD 21613

    Performance

    Listings
    14

    Listings

    For Sale (14)

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    • $2,200,000
      9,200 SF

      North Everett Investment Opportunity

      Investment property in North Everett with cash flow potential.
      3323 Oakes Ave, Everett, WA 98201
      View Details
    • $5,000,000
      19,556 SF

      Seattle Retail Property For Sale

      High-visibility corner lot in West Seattle Junction neighborhood.
      4800 40Th Ave SW, Seattle, WA 98116
      View Details
    • $4,375,000
      16,480 SF

      Rainier Beach Multifamily Investment Opportunity

      Multifamily property in walkable Rainier Beach neighborhood, Seattle.
      8630 Rainier Ave S, Seattle, WA 98118
      View Details
    • $4,850,000
      20,250 SF

      Rainier Beach Multifamily Investment Opportunity

      Multifamily property in walkable Rainier Beach location near amenities.
      8340 Rainier Ave, Seattle, WA 98118
      View Details
    • $4,350,000
      19,200 SF

      Seattle Multifamily Investment Opportunity

      Multifamily property in South Seattle, near transit and amenities.
      10500 51St Ave S, Seattle, WA 98178
      View Details
    • $1,790,000
      4,609 SF

      Whitman Apartments: Turnkey Investment Property

      Turnkey apartment building with income upside in a walkable location.
      4456 Whitman Ave N, Seattle, WA 98103
      View Details
    • $3,750,000
      7,408 SF

      Seattle Multifamily Property For Sale

      Eight-unit apartment building in Seattle's Fremont neighborhood with upside potential.
      4217 Greenwood Ave N, Seattle, WA 98103
      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
    • $2,998,000
      5,600 SF

      Seattle Multifamily Investment Opportunity

      16 furnished units near Seattle Pacific University. Short-term rental potential.
      7 Dravus St, Seattle, WA 98109
      View Details
    • $1,599,000

      Renovated Multifamily Asset Near Light Rail

      Turnkey multifamily property in Tacoma's urban core, near light rail.
      707 I St, Tacoma, WA 98405
      View Details
    • $2,998,000
      9,828 SF

      Capitol Hill Multifamily Investment

      Well-maintained 9-unit apartment building in desirable Seattle location.
      403 Thomas St, Seattle, WA 98102
      View Details
    • $850,000
      5,584 SF

      Grand Terrace Fourplex Opportunity

      Fourplex with in-unit laundry, garages, and upside potential.
      5205 Orchard St, Tacoma, WA 98467
      View Details
    • $2,975,000
      6,510 SF

      Seattle Office Building For Sale

      6,510 SF office building in Seattle, WA for sale.
      614 Boylston Ave E, Seattle, WA 98102
      View Details
    • $2,700,000
      4,960 SF

      Seattle Multifamily Investment Opportunity

      Two buildings totaling 4,960 SF in Seattle, WA.
      109 30Th Ave, 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.

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