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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Retail space
12320 Lk City NE Way, Seattle, WA 98125-5402
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1570819
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
FRAME
Total area
5,212 SF
Lot
0.25 ac (10,770 SF)
Zoning code
NC3P-75 (M)
APN
882290-0750
UPID
US90-1570819
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
-
The Fish Store Pet Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Nazareth Market LLC · 2 yrs held
Nazareth Market LLC
since 2024
7 recorded transactions
Zoning & alternative use
NC3P-75 (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
$177 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,734
Tax year 2024
Assessed value
$1,002,600
Assessed 2023
Previous assessed
$1,002,600
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,001,600
Assessed improvement
$1,000
Land market value
$1,001,600
Improvement market value
$1,000
Total market value
$1,002,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Stories
1
Total area
5,212 SF
Lot
0.25 ac (10,770 SF)
Zoning code
NC3P-75 (M)
APN
882290-0750
UPID
US90-1570819
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Zoning NC3P-75 (M) · permitted uses
NC3P-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.
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
FORCED AIR
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Nazareth Market LLC
Entity
Mailing address
9019 E APPLEWAY BLVD #200, SPOKANE VALLEY, WA 99212-2943
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
—
Nazareth Market LLC
Cl Real Estate Holding LLC
Lease
—
Mar 22, 2024
$2,070,000
Cl Real Estate Holding LLC
Pj Property LLC
Warranty Deed
$955,000 · Jpmorgan Chase Bank NA
Nov 3, 2014
—
Pj Property LLC
Stearn,daniel
Quit Claim Deed
related
—
Oct 9, 2013
$660,000
Daniel Stearn
Langer Richard
Warranty Deed
$457,900 · Seacoast Commerce Bank
May 31, 1996
$209,096
Richard L Langer
Langer,arnold K
Quit Claim Deed
related
$296,138 · City Bank
Jan 27, 1988
$275,000
Arnold K&richard Langer
Picot,robert N&r
Grant Deed
$310,700 · City Bank
—
—
Pj Property LLC
—
Loan Modification
related
—
—
—
Pj Property LLC
—
Loan Modification
related
$216,300 · Seacoast Cmrc Bk
—
—
Sylvia Scott
—
Deed Of Trust
related
$62,000 · Richard L (es) Langer
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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