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Property profile & analytics
FOR SALE
Apartment buildings
10500 51St Ave S, Seattle, WA 98178
Entity Owned
Property ID
US90-1287879
No photos on file
For Sale
$4,350,000
10500 51St Ave S, Seattle, WA 98178
View Listing →
Property summary
AI-generated overview
Property is available for sale individually, or as a portfolio with 8630 Rainier Ave S and/or 8340 Rainier Ave S. All financials are market figures.Well located in South Seattle approximately a half mile east of Interstate 5, Crestwood Place is just steps from a stop for King County Metro bus route 107 offering daily service to Beacon Hill, Georgetown, Lakeridge, the Renton Transit Center with its 10+ bus routes, and Rainier Beach Station, where residents can board the Link light rail to Seattle Tacoma International Airport, Downtown Seattle, and Lynnwood. The property is catercorner across the street from a neighborhood grocer/convenience store and is within a mile of several recreational spaces – Duwamish Park, Fletcher Place, Lakeridge Park, Hutchinson Playground, and the Green Line. K
Property profile
Verified
Property type
Apartment buildings
Year built
1979
Total area
19,200 SF
UPID
US90-1287879
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
-
Crestwood Place Apartment Building Housing Authority
-
Partners In Grime Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
10500 51st Ave S LLC
10500 51st Ave S LLC
since 2025
2 recorded transactions
Zoning & alternative use
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
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
Apartment buildings
Status
For Sale
Year built
1979
Total area
19,200 SF
UPID
US90-1287879
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Current owner
From public records · entity-resolved
10500 51st Ave S LLC
Entity
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2025
$3,125,636
10500 51st Ave S LLC
Crestwood Place LLC
Warranty Deed
$2,973,349 · Seattle Metropolitan Cu
Nov 1, 2019
—
Crestwood Place Lic
—
Deed
related
$1,250,000 · First Financial Northwest Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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