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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Assisted living facilities
11301 3rd NE Ave Seattle, WA 98125-6088
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0772621
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,454 SF
Lot
1.61 ac (69,927 SF)
Zoning code
MR (M)
APN
292604-9051
UPID
US90-0772621
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
-
Row on Third Apartment Building Apartment Complex
-
Quill and Calibur Production Facility
-
Western Carpentry Inc (WCI) General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$890k
Owner & transaction history
Gre Foundation House LLC · 8 yrs held
Gre Foundation House LLC
since 2017
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$11 / 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
$13,756
Tax year 2022
Assessed value
$70,700
Assessed 2022
Previous assessed
$70,700
+0.0% YoY
Effective rate
19.46%
On assessed value
Assessed land
$30,800
Assessed improvement
$39,900
Land market value
$30,800
Improvement market value
$39,900
Total market value
$70,700
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
2
Stories
5
Units
106
Total area
80,454 SF
Lot
1.61 ac (69,927 SF)
Zoning code
MR (M)
APN
292604-9051
UPID
US90-0772621
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
5
Buildings
2
Units
106
Lot
1.61 ac
Current owner
From public records · entity-resolved
Gre Foundation House LLC
Entity
Mailing address
2801 ALASKAN WAY, SEATTLE, WA 98121-1134
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2017
$24,500,000
Gre Foundation House LLC
Nhp Ms Northgate LLC
Grant Deed
$17,400,000 · Bank Of America
Jun 27, 2007
$16,500,000
Nhp Ms Northgage LLC
Eastrich Careage LLC
Grant Deed
—
Jun 27, 2007
—
Eastrich Careage LLC
Aew Of Careage-northgate LLC
Grant Deed
—
May 28, 2004
—
Aew/careage-northgate LLC
Aew/careage LLC
Quit Claim Deed
related
$9,300,000 · Guaranty Bank
Oct 13, 1998
$4,675,000
Aew/careage INC
Sc Northgate INC
Grant Deed
—
Oct 13, 1998
$1,238,875
Aew/careage LLC
Lynn,jeffrey S
Trustees Deed
—
Oct 13, 1998
$3,389,375
Aew/careage LLC
Lynn,gene E
Trustees Deed
—
Oct 13, 1998
—
Lynn,jeffrey S
Lr 1 LLC
Trustees Deed
related
—
Oct 13, 1998
$46,750
Aew/careage LLC
Careage Healthcare Wa INC
Trustees Deed
related
$7,680,000 · Gmac Commercial Mortgage Corp
Jun 27, 1996
—
Northgate Lynn Joint Ventur Sc
Lri LLC
Grant Deed
$8,100,000 · Safecare Co INC
Feb 20, 1996
$1,606,126
Lr I LLC
National Investment Corp
Grant Deed
—
Mar 7, 1995
$800,000
National Investment Corp
Northgate Court Apartments INC
Grant Deed
$200,000 · Seller
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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