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Property profile & analytics
OFF-MARKET
Investment properties
117 85th St Seattle, WA 98117-3047
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2895350
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
WOOD FRAME
Total area
1,488 SF
Lot
0.1 ac (4,167 SF)
Zoning code
NC2-55 (M)
APN
291920-0055
UPID
US90-2895350
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
-
City Cycle Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sp Greenwood LLC · 12 yrs held
Sp Greenwood LLC
since 2013
7 recorded transactions
Zoning & alternative use
NC2-55 (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
—
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
$8,037
Tax year 2022
Assessed value
$958,400
Assessed 2022
Previous assessed
$958,400
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$958,400
Land market value
$958,400
Total market value
$958,400
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
WOOD FRAME
Heating
FORCED AIR WITH AIR CONDITIONING
Stories
2
Total area
1,488 SF
Lot
0.1 ac (4,167 SF)
Zoning code
NC2-55 (M)
APN
291920-0055
UPID
US90-2895350
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Zoning NC2-55 (M) · permitted uses
NC2-55 (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
1920
Construction
WOOD FRAME
Heating
FORCED AIR WITH AIR CONDITIONING
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Sp Greenwood LLC
Entity
Mailing address
701 5TH AVE STE #5700, SEATTLE, WA 98104-7014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jan 30, 2020
—
Sp Greenwood LLC
—
Deed
related
$28,140,000 · Cbre Cap Markets
Oct 31, 2017
—
Sp Greenwood LLC
—
Deed
related
$25,200,000 · Mufg Union Bank NA
Dec 23, 2014
—
Sp Greenwood LLC
—
Grant Deed
related
$19,600,000 · Homestreet Bk
Aug 28, 2013
$2,100,000
Sp Greenwood LLC
Bishop,roy E
Grant Deed
—
Jun 30, 2011
$350,000
Roy E Bishop
Sterling Svgs Bk
Grant Deed
—
Jan 31, 2011
—
Sterling Svgs Bk
Bishop,roy E
Deed In Lieu Of Foreclosure
related
—
Sep 24, 2009
—
Roy E Bishop
—
Deed Of Trust
related
$2,544,700 · Sterling Savings Bank
Aug 15, 2002
$470,000
Roy E Bishop
Sisley,drake H & Anthoinette L
Grant Deed
$370,000 · Drake H & Anthoinette L Sisley
Jun 19, 1996
$80,000
Drake H Sisley
Alexander Konopla Estate
Grant Deed
$60,000 · Seller
—
—
Sp Greenwood LLC
—
Deed Of Trust
related
$28,140,000 · Cbre Cap Markets
—
—
Roy E Bishop
—
Deed Of Trust
related
$780,000 · Sp Multi-family II LLC
—
—
Roy E Bishop
—
Deed Of Trust
related
$925,000 · Golf 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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