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Property profile & analytics
OFF-MARKET
Estimated value
$4,645,000
Office buildings
1131 14th Ave, Seattle, WA 98122
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0744538
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1932
Construction
CONCRETE
Total area
259,271 SF
Lot
6.76 ac (294,642 SF)
Zoning code
C1-55 (M)
APN
282960-0110
UPID
US90-0744538
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
-
Republic Parking Parking Lot & Garage
-
Former U.S. Marine Hospital Building Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.65M
Owner & transaction history
State Of Washington · 3 yrs held
State Of Washington
since 2022
7 recorded transactions
Zoning & alternative use
C1-55 (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
$18 / 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
$35,216
Tax year 2022
Assessed value
$69,810,000
Assessed 2022
Previous assessed
$69,810,000
+0.0% YoY
Effective rate
0.05%
On assessed value
Assessed land
$30,937,400
Assessed improvement
$38,872,600
Land market value
$30,937,400
Improvement market value
$38,872,600
Total market value
$69,810,000
Applied tax rate
13.0000
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
1932
Construction
CONCRETE
Heating
GAS
Cooling
AC.PACKAGE
Buildings
3
Stories
14
Total area
259,271 SF
Lot
6.76 ac (294,642 SF)
Zoning code
C1-55 (M)
APN
282960-0110
UPID
US90-0744538
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-55 (M) · Seattle, WA
Zoning C1-55 (M) · permitted uses
C1-55 (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
1932
Construction
CONCRETE
Heating
GAS
Cooling
Yes
Stories
14
Buildings
3
Lot
6.76 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
—
Lot On The Hill Lllp
—
Deed
related
$800,000 · Department Of Commerce
Mar 1, 2023
—
Lot On The Hill Lllp
—
Deed
related
$800,000 · Department Of Commerce
Oct 3, 2022
—
State Of Washington
Pacific Tower Qalicb LLC
Quit Claim Deed
related
—
Dec 16, 2019
—
Pacific Hosp Preservation & De
—
Deed
related
$3,000,000 · Miscellaneous Govt Agcy
Dec 14, 2016
—
Pacific Hosp Preservation & De
—
Deed
related
$4,700,000 · Department/cmnty & Human Svcs
Nov 10, 1998
—
Wrc Com Development LLC
—
Grant Deed
related
$25,350,000 · Key Bank NA
—
—
Pacific Tower Qalicb LLC
—
Deed Of Trust
related
$6,157,175 · Craft3 Future Energy Fund
—
—
Pacific Tower Qalicb LLC
—
Deed Of Trust
related
—
—
—
Pacific Hosp Preservation & De
—
Loan Modification
related
$3,000,000 · Miscellaneous Govt Agcy
—
—
Wrc Com Tower LLC
—
Deed Of Trust
related
$23,000,000 · Credit Suisse First Boston Mtg
—
—
Pacific Hosp Preservation & De
—
Deed Of Trust
related
$4,700,000 · Department/cmnty & Human Svcs
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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