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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Assisted living facilities
11045 8th NE Ave Seattle, WA 98125-6163
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-1337332
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1972
Construction
CONCRETE
Total area
106,128 SF
Lot
1.24 ac (53,812 SF)
Zoning code
MR (M)
APN
292604-9469
UPID
US90-1337332
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
-
Olympic View Community Church Church
-
Northaven Retirement Apartments Retirement Community Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Northaven Dev · 5 yrs held
Northaven Dev
since 2020
4 recorded transactions
Zoning & alternative use
MR (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
$16 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,048
Tax year 2024
Assessed value
$19,066,600
Assessed 2023
Effective rate
0.05%
On assessed value
Assessed land
$5,919,300
Assessed improvement
$13,147,300
Land market value
$5,919,300
Improvement market value
$13,147,300
Total market value
$19,066,600
Applied tax rate
25.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
8
Units
198
Total area
106,128 SF
Lot
1.24 ac (53,812 SF)
Zoning code
MR (M)
APN
292604-9469
UPID
US90-1337332
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR (M) · Seattle, WA
Zoning MR (M) · permitted uses
MR (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
1972
Construction
CONCRETE
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
8
Units
198
Lot
1.24 ac
Current owner
From public records · entity-resolved
Northaven Dev
Individual
Free & Clear · 5 yrs held
Mailing address
11045 8TH AVE NE, SEATTLE, WA 98125-6163
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Nov 19, 2020
—
Northaven INC
—
Deed
related
$4,793,000 · Department Of Commerce
Nov 3, 2020
—
Northaven Three Northgate LP
—
Deed
related
$1,555,000 · Humangood Affordable Housing
Oct 22, 2020
$260,000
Northaven Dev
Northaven INC
Grant Deed
—
—
—
Northaven Three Northgate LP
—
Deed Of Trust
related
$1,555,000 · Humangood Affordable Housing
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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