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Property profile & analytics
OFF-MARKET
Estimated value
$4,645,000
Assisted living facilities
1200 University St Seattle, WA 98101-2896
Individually Owned
14-yr Hold
Free & Clear
Property ID
US90-0779844
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Construction
STEEL FRAME
Total area
115,500 SF
Lot
0.33 ac (14,400 SF)
Zoning code
MIO-160-HR (M)
APN
197820-0865
UPID
US90-0779844
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
-
Capitol Hill Minyan Synagogue
-
Mary Schwartz Summit Retirement Community
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
Kline Galland Center · 14 yrs held
Kline Galland Center
since 2011
2 recorded transactions
Zoning & alternative use
MIO-160-HR (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this overlay is to regulate major educational and medical institutions. The HR district promotes multi family uses, an area that provides a concentration of high density multifamily housing in a pedestrian-oriented neighborhood with convenient access to regional transit stations, and where the mix of activity provides convenient access to a ful…
Zone name
Major Institution Overlay Highrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
2.26 ac
Source
Realmo
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
$40 / 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
$2,723
Tax year 2022
Assessed value
$55,364,800
Assessed 2022
Previous assessed
$55,364,800
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$8,280,000
Assessed improvement
$47,084,800
Land market value
$8,280,000
Improvement market value
$47,084,800
Total market value
$55,364,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
CENTRAL
Stories
13
Units
150
Total area
115,500 SF
Lot
0.33 ac (14,400 SF)
Zoning code
MIO-160-HR (M)
APN
197820-0865
UPID
US90-0779844
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MIO-160-HR (M) · Seattle, WAZoning MIO-160-HR (M) · permitted uses
MIO-160-HR (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 overlay is to regulate major educational and medical institutions. The HR district promotes multi family uses, an area that provides a concentration of high density multifamily housing in a pedestrian-oriented neighborhood with convenient access to regional transit stations, and where the mix of activity provides convenient access to a full range of residential services and amenities and employment centers. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Major Institution Overlay Highrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
2.26 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
CENTRAL
Stories
13
Units
150
Lot
0.33 ac
Current owner
From public records · entity-resolved
Kline Galland Center
Individual
Free & Clear · 14 yrs held
Mailing address
7500 SEWARD PARK AVE S, SEATTLE, WA 98118-4247
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2011
—
Kline Galland Center
Collins,priscilla
Grant Deed
related
—
—
—
Kline Galland Center
—
Deed Of Trust
related
$27,500 · Us Bank Trustee
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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