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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Office buildings
12058 Lk City NE Way, Seattle, WA 98125-5332
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1105765
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,555 SF
Lot
0.21 ac (9,120 SF)
Zoning code
NC3-75 (M)
APN
882290-0820
UPID
US90-1105765
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
-
Henry Joncas Co Electronics & Wireless Store
-
Modern Webspace Inc IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.71M
CAP Approach
CAP
$2.14M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.81M
Owner & transaction history
Providence Lcw2 LLC · 4 yrs held
Providence Lcw2 LLC
since 2021
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.7M
+0.4%
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
$1,570,000
ML approach
$1,705,000
CAP Approach
CAP Return
Estimation
6%
$2,310,000
6.5%
$2,135,000
7%
$1,980,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,670,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,680,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$2,600,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$2,230,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±10% · vs last sale $1.95M (Dec 14 2021)
Last sale anchor
$1.95M
Dec 14 2021
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
$240 / 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
$10,781
Tax year 2022
Assessed value
$1,114,100
Assessed 2022
Previous assessed
$1,114,100
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$848,100
Assessed improvement
$266,000
Land market value
$848,100
Improvement market value
$266,000
Total market value
$1,114,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
7,555 SF
Lot
0.21 ac (9,120 SF)
Zoning code
NC3-75 (M)
APN
882290-0820
UPID
US90-1105765
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Zoning NC3-75 (M) · permitted uses
NC3-75 (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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Providence Lcw2 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
14724 BOTHELL WAY NE, LAKE FOREST PARK, WA 98155-7608
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2022
—
Providence Lcw 2 LLC
—
Deed
related
$1,000,000 · Umpqua Bank
Dec 14, 2021
$1,950,000
Providence Lcw2 LLC
Lcs Properties LLC
Warranty Deed
—
Dec 28, 1999
$615,000
L C S Properties LLC
Joncas,henry & Marie D
Grant Deed
$492,000 · 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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