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Property profile & analytics
FOR LEASE
Office buildings
10700 Meridian Ave N, Seattle, WA 98133
Entity Owned
22-yr Hold
Free & Clear
Property ID
US90-1518957
For Lease
1 / 10
$36 SF/Yr
10700 Meridian Ave N, Seattle, WA 98133
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
CONCRETE
Total area
86,483 SF
Lot
2.73 ac (119,134 SF)
Zoning code
NC3-95 (M)
APN
292604-9490
UPID
US90-1518957
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
-
Armando Partovi, Real Estate Broker Real Estate Agency
-
Peter Vanek Elevate Northwest Properties Real Estate Agency
-
Sound Medical Clinic
-
The Polyclinic Physical Therapy Northgate Annex Medical Clinic
-
Pearson Professionals Center Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.90M
Blend (final)
Blend
$12.38M
Owner & transaction history
Northway West LLC · 22 yrs held
Northway West LLC
since 2004
4 recorded transactions
Zoning & alternative use
NC3-95 (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
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
Blend value · Realmo final
$12.38M
Range $11.14M – $13.62M · ±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
$143 / 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
$163,589
Tax year 2022
Assessed value
$17,384,500
Assessed 2022
Previous assessed
$17,384,500
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$15,487,400
Assessed improvement
$1,897,100
Land market value
$15,487,400
Improvement market value
$1,897,100
Total market value
$17,384,500
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 Lease
Year built
1981
Construction
CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
6
Total area
86,483 SF
Lot
2.73 ac (119,134 SF)
Zoning code
NC3-95 (M)
APN
292604-9490
UPID
US90-1518957
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-95 (M) · Seattle, WA
Zoning NC3-95 (M) · permitted uses
NC3-95 (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
1981
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
6
Lot
2.73 ac
Current owner
From public records · entity-resolved
Northway West LLC
Entity
Free & Clear · 22 yrs held
Mailing address
923 POWELL AVE SW STE #101, RENTON, WA 98057-2943
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2004
$12,209,550
Northway West LLC
Northway Square Two
Grant Deed
related
—
—
—
Brady Lagervall
—
Deed Of Trust
related
$50,000 · Key Bank Of Washington
—
—
Diane Soriano
—
Deed Of Trust
related
$57,371 · Transamer Ind Loan
—
—
Mullally Family Partnership
—
Deed Of Trust
related
$1,700,000 · World Savings 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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