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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Industrial properties
11710 15th NE Ave Seattle, WA 98125-5026
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1612011
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1925
Construction
WOOD FRAME
Total area
4,312 SF
Lot
0.2 ac (8,580 SF)
Zoning code
NC2-55 (M)
APN
679810-0780
UPID
US90-1612011
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$961k
Blend (final)
Blend
$1.54M
Owner & transaction history
Vistra INC · 3 yrs held
Vistra INC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including convenience and specialty goods, to the surrounding neighborhoods, and that accommodates other uses that are compatible with the retail cha…
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
341.92 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.2M
+79.1%
Auto repair, garage
$1.8M
+45.6%
Retail stores
$1.7M
+41.9%
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
$1,625,000
ML approach
$1,725,000
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,220,000
Current use
COMMERCIAL (GENERAL)
$2,180,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,775,000
Change: +46% · Conversion: Easy
RETAIL STORES
$1,730,000
Change: +42% · Conversion: Moderate
OFFICE BUILDING
$1,525,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$1,485,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,275,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $2.00M (Sep 2 2022)
Last sale anchor
$2.00M
Sep 2 2022
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
$357 / 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
$7,555
Tax year 2022
Assessed value
$729,300
Assessed 2022
Previous assessed
$729,300
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$729,300
Land market value
$729,300
Total market value
$729,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1925
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Total area
4,312 SF
Lot
0.2 ac (8,580 SF)
Zoning code
NC2-55 (M)
APN
679810-0780
UPID
US90-1612011
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WAZoning 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
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including convenience and specialty goods, to the surrounding neighborhoods, and that accommodates other uses that are compatible with the retail character of the area such as housing or offices. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
341.92 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Vistra INC
Entity
Mailing address
3803 NE 151ST ST, LAKE FOREST PARK, WA 98155-7715
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$2,000,000
Vistra INC
Pinehurst Apartments LLC
Warranty Deed
$6,655,000 · 1st Security Bank Of Washington
May 1, 2018
$646,000
Pinehurst Apartments LLC
Marshall,gregory E
Warranty Deed
—
Nov 16, 2016
—
Pinehurst Apartments LLC
Marshall,gregory E
Grant Deed
—
—
—
Gregory E Marshall
—
Deed Of Trust
related
$56,000 · Murphy Living Trust (lt)
—
—
Gregory E Marshall
—
Deed Of Trust
related
$50,000 · R H & Teresa A Murphy
—
—
Gregory E Marshall
—
Deed Of Trust
related
$16,000 · Elrod Dennis B
—
—
Gregory E Marshall
—
Deed Of Trust
related
$16,000 · Elrod Dennis B
—
—
Gregory E Marshall
—
Deed Of Trust
related
$50,000 · Cejka Trust
—
—
Gregory E Marshall
—
Deed Of Trust
related
$257,792 · Bank Of Washington
—
—
Gregory E Marshall
—
Deed Of Trust
related
$56,000 · Bradford & Martha Tait
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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