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Property profile & analytics
OFF-MARKET
Estimated value
$3,835,000
Office buildings
1216 Pne St Seattle, WA 98101-1944
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-1767559
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
CONCRETE
Total area
19,000 SF
Lot
0.25 ac (10,980 SF)
Zoning code
NC3P-95 (M)
APN
066000-2555
UPID
US90-1767559
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
-
Ingersoll Gender Center Support Group Community Health Centre
-
Dr. Deidre Mchugh Physician
-
Christopher Skaggs Marriage Or Relationship Counselor
-
La Cocina Oaxaqueña Restaurant
-
Charles P. Hoy-Ellis, MSW Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
1216 Pine LLC · 12 yrs held
1216 Pine LLC
since 2013
7 recorded transactions
Zoning & alternative use
NC3P-95 (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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,615,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.84M
Range $3.45M – $4.22M · ±10%
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
$202 / 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
$73,410
Tax year 2022
Assessed value
$8,785,000
Assessed 2022
Previous assessed
$8,785,000
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$8,784,000
Assessed improvement
$1,000
Land market value
$8,784,000
Improvement market value
$1,000
Total market value
$8,785,000
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
1967
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
19,000 SF
Lot
0.25 ac (10,980 SF)
Zoning code
NC3P-95 (M)
APN
066000-2555
UPID
US90-1767559
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-95 (M) · Seattle, WA
Zoning NC3P-95 (M) · permitted uses
NC3P-95 (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
WAREHOUSE, STORAGE
Est. value
$5.6M
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
1967
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
1216 Pine LLC
Entity
Mailing address
PO BOX 9263, SEATTLE, WA 98109-0263
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2019
—
1216 Pine LLC
—
Deed
related
$5,500,000 · Miscellaneous Ins Co
Oct 12, 2018
—
1216 Pine LLC
—
Deed
related
—
Oct 16, 2013
—
1216 Pine LLC
Ron E Amundson
Special Warranty Deed
$31,000 · Us Bank NA
Jul 31, 1998
$1,735,000
Ron E Amundson
Kaioh International Inv Co
Grant Deed
$1,144,000 · Seafirst Bank
Jun 3, 1991
$1,322,500
International Investm Kaioh
1216 Pine Associ
Grant Deed
—
—
—
1216 Pine LLC
—
Deed Of Trust
related
$5,500,000 · Miscellaneous Ins Co
—
—
1216 Pine LLC
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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