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Property profile & analytics
FOR LEASE
Medical Office Space
10564 5Th Ave NE, Seattle, WA 98125
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-0827921
For Lease
$24 SF/Yr
10564 5Th Ave NE, Seattle, WA 98125
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
WOOD
Total area
28,841 SF
Lot
0.76 ac (32,925 SF)
Zoning code
NC3-75 (M)
APN
292604-9266
UPID
US90-0827921
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
-
Fifth Avenue Family Dentistry Dental Office
-
USA Vein Clinics Medical Clinic
-
Advanced Foot & Ankle Clinic Physician
-
USA Vascular Centers Physician
-
Aven Medical Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.85M
Owner & transaction history
5th Ave Medical Associates LLC · 21 yrs held
5th Ave Medical Associates LLC
since 2004
7 recorded transactions
Zoning & alternative use
NC3-75 (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
$168 / 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
$76,524
Tax year 2022
Assessed value
$8,659,700
Assessed 2022
Previous assessed
$8,659,700
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$4,609,500
Assessed improvement
$4,050,200
Land market value
$4,609,500
Improvement market value
$4,050,200
Total market value
$8,659,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1988
Construction
WOOD
Heating
OTHER
Cooling
OTHER
Stories
3
Total area
28,841 SF
Lot
0.76 ac (32,925 SF)
Zoning code
NC3-75 (M)
APN
292604-9266
UPID
US90-0827921
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Zoning NC3-75 (M) · permitted uses
NC3-75 (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
1988
Construction
WOOD
Heating
OTHER
Cooling
Yes
Stories
3
Lot
0.76 ac
Current owner
From public records · entity-resolved
5th Ave Medical Associates LLC
Entity
Mailing address
7203 79TH AVE SE, MERCER ISLAND, WA 98040-5564
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2020
—
5th Ave Medical Associates LLC
—
Deed
related
$5,660,000 · Banner Bank
Sep 3, 2004
$4,100,000
5th Ave Medical Associates LLC
Iwasaki International INC
Warranty Deed
$3,000,000 · Bank Of America
Jan 5, 2004
—
Iwasaki International INC
Katsura Enterprise INC
Grant Deed
$2,000,000 · Washington First Int'l Bank
Nov 20, 1989
$3,350,000
Kaneko Co
Fifth
Grant Deed
—
—
—
5th Ave Medical Associates LLC
—
Deed Of Trust
related
$3,500,000 · Bank Of America
—
—
Katsura Enterprise INC
—
Deed Of Trust
related
$2,000,000 · Seattle Funding Group Ltd
—
—
Iwasaki International INC
—
Deed Of Trust
related
$500,000 · Washington First Int'l 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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