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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Office buildings
101 Elliott W Ave, Seattle, WA 98119-4236
Entity Owned
~
Est. High Equity
Property ID
US90-1740705
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
208,210 SF
Lot
1.06 ac (46,209 SF)
Zoning code
IC-65 (M)
APN
766620-2220
UPID
US90-1740705
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
-
Ronay Pagan Physician Medical Clinic
-
Mindful Therapy Group - Elliott Bay Crisis Center Medical Clinic
-
Cherwell Software (Bike/Boat/Book/etc) Store Corporate Office
-
Dr. Ashley Crawford Physician Medical Clinic
-
Rachaud Smith Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Scotland Financial LLC
Scotland Financial LLC
since 2025
7 recorded transactions
Zoning & alternative use
IC-65 (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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$11 / 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
$321,985
Tax year 2022
Assessed value
$38,585,000
Assessed 2022
Previous assessed
$38,585,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$9,241,800
Assessed improvement
$29,343,200
Land market value
$9,241,800
Improvement market value
$29,343,200
Total market value
$38,585,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
5
Total area
208,210 SF
Lot
1.06 ac (46,209 SF)
Zoning code
IC-65 (M)
APN
766620-2220
UPID
US90-1740705
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IC-65 (M) · Seattle, WA
Zoning IC-65 (M) · permitted uses
IC-65 (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
1986
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
5
Lot
1.06 ac
Current owner
From public records · entity-resolved
Scotland Financial LLC
Entity
Mailing address
200 W MERCER ST WE106, SEATTLE, WA 98119-3995
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Scotland Financial LLC
Edward R Scott JR
Warranty Deed
—
Mar 27, 2024
—
Housing Authority Of The City Of Se
Elliott Seattle Real Estate Holding
Intrafamily Transfer
related
—
Feb 10, 2016
$40,395,000
Elliott Seattle R & E Holding In
Legacy Ptrs II Seattle Pi LLC
Grant Deed
—
May 31, 2013
—
Legacy Ptrs II Seattle Pi LLC
—
Deed Of Trust
related
$105,000,000 · General Electric Capital Corp
Aug 15, 2007
—
Legacy Ptrs II Seattle Pi LLC
—
Deed Of Trust
related
$500,000,000 · Societe Generale
Jun 13, 2007
$40,012,400
Legacy Ptrs II Seattle Pi LLC
Elliott Park LLC
Deed Of Trust
$31,000,000 · Societe Generale
Nov 24, 1997
—
Elliott Park LLC
Sabey Properties LLC
Deed Of Trust
related
$25,000,000 · Prudential Insurance Of Americ
—
—
Partners Pi Legacy II
—
Deed Of Trust
related
$2,310,000 · Mesa West R/e Income Fund
—
—
Elliott Seattle R & E Holding In
—
Deed Of Trust
related
$22,000,000 · Miscellaneous Ins Co
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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