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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Office buildings
11065 5th NE Ave, Seattle, WA 98125-6100
Entity Owned
25-yr Hold
Free & Clear
Property ID
US90-1713697
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
WOOD
Total area
8,918 SF
Lot
0.34 ac (15,000 SF)
Zoning code
LR3 (M)
APN
292604-9458
UPID
US90-1713697
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
-
Galiny Chiropractic & Massage Alternative Medicine Practice
-
Parenting Press, Inc. Publishing House Printing Service
-
Seattle Youth Symphony Orchestra Theater & Performing Art Venue Music Venue
-
Sagen Group Property Management Property Management Company Real Estate Rental Agency
-
Elita Living Real Estate LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
Sheff Enterprises LLC · 25 yrs held
Sheff Enterprises LLC
since 2000
4 recorded transactions
Zoning & alternative use
LR3 (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
$153 / 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
$15,175
Tax year 2022
Assessed value
$1,575,200
Assessed 2022
Previous assessed
$1,575,200
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$1,575,000
Assessed improvement
$200
Land market value
$1,575,000
Improvement market value
$200
Total market value
$1,575,200
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
1967
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
8,918 SF
Lot
0.34 ac (15,000 SF)
Zoning code
LR3 (M)
APN
292604-9458
UPID
US90-1713697
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR3 (M) · Seattle, WA
Zoning LR3 (M) · permitted uses
LR3 (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
1967
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Sheff Enterprises LLC
Entity
Free & Clear · 25 yrs held
Mailing address
11065 5TH AVE NE STE E, SEATTLE, WA 98125-6100
Ownership since
2000
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
Dec 29, 2000
—
Sheff Enterprises LLC
Sheff Enterprises Ltd
Quit Claim Deed
related
—
Jul 8, 1988
—
Sheff Enterprises Ltd
Sammons,maureen
Quit Claim Deed
related
—
—
—
Sheff Enterprises Ltd
—
Deed Of Trust
related
$120,000 · Pacific Northwest Bank
—
—
Sheff Enterprises Ltd
—
Deed Of Trust
related
$60,000 · Pacific 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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