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Property profile & analytics
FOR SALE
Office buildings
8712 12Th Ave, Seattle, WA 98117
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1126893
For Sale
1 / 9
$499,950
8712 12Th Ave, Seattle, WA 98117
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1906
Construction
WOOD
Total area
504 SF
Lot
9.83 ac (428,187 SF)
Zoning code
NR3
APN
362603-9370
UPID
US90-1126893
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
Current use
Occupant on record · Public records
-
Crown Hill Cemetery Cemetery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Anchorage Partners LLC · 4 yrs held
Anchorage Partners LLC
since 2021
Last sale
$925,000
4 recorded transactions
Zoning & alternative use
NR3 · 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
$745,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $925k (Oct 20 2021)
Last sale anchor
$925k
Oct 20 2021
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
$1,696 / SF
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
$105,003
Tax year 2022
Assessed value
$596,100
Assessed 2022
Previous assessed
$596,100
+0.0% YoY
Effective rate
17.61%
On assessed value
Assessed land
$578,000
Assessed improvement
$18,100
Land market value
$578,000
Improvement market value
$18,100
Total market value
$596,100
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1906
Construction
WOOD
Heating
SPACE
Buildings
2
Stories
1
Total area
504 SF
Lot
9.83 ac (428,187 SF)
Zoning code
NR3
APN
362603-9370
UPID
US90-1126893
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NR3 · Seattle, WA
Zoning NR3 · permitted uses
NR3 · 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
1906
Construction
WOOD
Heating
SPACE
Stories
1
Buildings
2
Lot
9.83 ac
Current owner
From public records · entity-resolved
Anchorage Partners LLC
Entity
Mailing address
20126 BALLINGER WAY NE, SHORELINE, WA 98155-1117
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
$925,000
Anchorage Partners LLC
Damon M Bee
Warranty Deed
$2,932,000 · 1st Security Bank Of Washington
Aug 7, 2019
—
Kastle Ents LLC
—
Deed
related
$820,000 · Dane R Deforest
Mar 13, 2019
$270,000
Crown Hill Cemetery Assn
Crown Hill Cemetery Assn
Quit Claim Deed
related
$510,000 · Shelmar Psp Trust (ct)
—
—
Kastle Ents LLC
—
Deed Of Trust
related
$820,000 · Dane R Deforest
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.
Try Rey
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