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Property profile & analytics
OFF-MARKET
Estimated value
$29,675,000
Schools
1000 Lenora St, Seattle, WA 98121-2951
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US90-0200736
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1928
Construction
CONCRETE
Total area
126,593 SF
Lot
0.71 ac (31,050 SF)
Zoning code
DMC 240/290-440
APN
066000-1420
UPID
US90-0200736
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
-
Cornish College of the Arts College Art School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.68M
Owner & transaction history
Cornish College Of The Arts · 23 yrs held
Cornish College Of The Arts
since 2002
7 recorded transactions
Zoning & alternative use
DMC 240/290-440 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$47,195,000
Current use
APARTMENT HOUSE (5+ UNITS)
$44,895,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$44,735,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$43,530,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$29.68M
Range $26.71M – $32.64M · ±10%
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
$234 / 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
$5,857
Tax year 2022
Applied tax rate
11.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1928
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
7
Total area
126,593 SF
Lot
0.71 ac (31,050 SF)
Zoning code
DMC 240/290-440
APN
066000-1420
UPID
US90-0200736
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC 240/290-440 · Seattle, WA
Zoning DMC 240/290-440 · permitted uses
DMC 240/290-440 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$47.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$44.9M
OFFICE BUILDING
Est. value
$44.7M
MEDICAL BUILDING
Est. value
$43.5M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1928
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
7
Lot
0.71 ac
Current owner
From public records · entity-resolved
Cornish College Of The Arts
Individual
Mailing address
1000 LENORA ST, SEATTLE, WA 98121-2951
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
—
Cornish College Of The Arts
—
Deed
related
$339,500 · Washington State Department Of Commerce
Feb 12, 2018
—
Cornish College Of The Arts
—
Deed
related
—
Dec 1, 2010
—
Cornish College Of The Arts
—
Deed Of Trust
related
$8,292,000 · Key Bank NA
Jul 16, 2010
—
Cornish College Of The Arts
—
Deed Of Trust
related
$2,000,000 · Bank Of America
Dec 3, 2009
—
Cornish College Of The Arts
—
Deed Of Trust
related
$2,000,000 · Bank Of America
Dec 8, 2003
—
Cornish College Of The Arts
—
Deed Of Trust
related
$20,785,000 · Bank Of America
Sep 6, 2002
$18,000,000
Cornish College Of The Arts
350 LLC
Grant Deed
$27,000,000 · Bank Of America
Dec 28, 2001
—
Msi Lenora LLC
Lenora Square LLC
Quit Claim Deed
related
—
Oct 8, 2001
—
Lenora Square LLC
Msi Lenora LLC
Quit Claim Deed
related
—
Oct 15, 1998
$7,394,142
Lowe Northwest Investor Proper
1000 Investment Associates
Trustees Deed
—
Oct 15, 1998
$3,105,858
Lowe Northwest Investor Proper
Karl Family LP
Trustees Deed
—
Oct 9, 1998
—
Malcolm L Steen
1000 Investment Associates
Quit Claim Deed
related
—
Jan 30, 1989
$55,000
David E Jarrell
Hauck,charles O
Grant Deed
$47,500 · Hauck Charles O
—
—
Cornish College Of The Arts
—
Loan Modification
related
—
—
—
350 LLC
—
Deed Of Trust
related
$20,000,000 · Us Bank NA
—
—
Cornish College Of The Arts
—
Deed Of Trust
related
$3,500,000 · Bank Of America
—
—
David E Jarrell
—
Deed Of Trust
related
$50,000 · Mashek Dennis
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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