Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12515 Greenwood N Ave Seattle, WA 98133
    Property profile & analytics

    12515 Greenwood N Ave, Seattle, WA 98133

    View on Map
    • Assisted living facilities
    • 179,340 SF
    • 6.27 lot acres
    Off-Market
    Property ID
    US90-1321335
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,270,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • David Marshall / Physician

    Property Details for 12515 Greenwood N Ave

    Year built
    1990
    Construction
    CONCRETE
    Lot size
    6.27 lot acres
    Zone code
    LR2 (M)
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    242603-9052
    APU
    2426039052

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 4, 2025 — Broadview Development Associates II — Deed · related $50M · The Northwestern Mutual Life Insurance C
    Sep 13, 1989 $2,950,000 Broadview Development Assoc Seattle Schoold Grant Deed $4.5M · Us Bank Of Washington
    — — Broadview Development Assoc — Deed Of Trust · related $31.6M · Northwestern Mutual Life Ins
    — — Broadview Dev Associates II — Deed Of Trust · related $14M · Northwestern Mutual Life Ins
    — — Broadview Development Assoc II — Deed Of Trust · related $5.2M · Commerce Bank Of Washington
    — — Broadview Dev Associates II — Deed Of Trust · related $47M · Northwestern Mutual Life Ins

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.357
    Latitude
    47.7205
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $410,692
    $21,855,200
    $24,706,500
    $46,561,700
    -
    $21,855,200
    $24,706,500
    $46,561,700

    Comparable in this City

    • Value Estimation
      $1,615,000
      160,891 SF

      13000 Linden N Ave

      HOMES (RETIRED, NURSING)
      13000 Linden N Ave, Seattle, WA 98133-7571
      View Details
    • Value Estimation
      $15,770,000
      125,202 SF

      13023 Greenwood N Ave

      HOMES (RETIRED, NURSING)
      13023 Greenwood N Ave, Seattle, WA 98133-7308
      View Details
    • Value Estimation
      $8,405,000
      26,280 SF

      16357 Aurora N Ave

      HOMES (RETIRED, NURSING)
      16357 Aurora N Ave, Shoreline, WA 98133-5651
      View Details
    • Value Estimation by Request
      1,200 SF

      104 130th St

      HOMES (RETIRED, NURSING)
      104 130th St, Seattle, WA 98133
      View Details
    • Value Estimation by Request
      990 SF

      104 130th St

      HOMES (RETIRED, NURSING)
      104 130th St, Seattle, WA 98133
      View Details
    • Value Estimation by Request
      6,262 SF

      202 110th St

      HOMES (RETIRED, NURSING)
      202 110th St, Seattle, WA 98133-8733
      View Details

    Similar Nearby for Sale

    • $999,000
      2,000 SF

      Professional/Medical Office in Shoreline

      Professional/medical office in a park-like setting with easy access.
      701 182Nd St, Shoreline, WA 98133
      View Details
    • $1,800,000

      Established Church Building For Sale

      Two-story, 15,240 sq ft church on a 18,695 sq ft lot.
      321 125Th St, Seattle, WA 98133
      View Details
    • Contact for pricing
      7,760 SF

      Warehouse with Modern Upgrades

      Updated warehouse featuring modern amenities and convenient access.
      13749 Midvale Ave N, Seattle, WA 98133
      View Details
    • Contact for pricing
      22,344 SF

      Aurora Avenue Land Opportunity

      Commercial land available on Aurora Ave N in Shoreline, WA.
      16610 Aurora Ave N, Shoreline, WA 98133
      View Details
    • $3,500,000
      11,825 SF

      Highland Terrace Apartments For Sale

      Value-add apartment opportunity near Seattle with below-market rents.
      14520 Phinney Ave N, Shoreline, WA 98133
      View Details
    • $2,950,000

      Seattle Multifamily Investment Opportunity

      16-unit multifamily property in Seattle with value-add potential.
      12536 Greenwood Ave, Seattle, WA 98133
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      600 SF

      North Seattle Office Space Available

      Office space in North Seattle with excellent access and visibility.
      2111 North Northgate Way, Seattle, WA 98133
      View Details
    • $10,236 /Mo
      6,604 SF

      Warehouse with Office Space

      Warehouse with office, roll-up door, and 16' clear height.
      938 127Th St, Seattle, WA 98133
      View Details
    • $7,117 /Mo
      3,050 SF

      Aurora Avenue Retail Space Available

      Retail space on Aurora Avenue with high traffic volume.
      10000 Aurora Ave N, Seattle, WA 98133
      View Details
    • $10,499 /Mo
      3,172 SF

      Mixed-Use Property on Aurora Avenue

      Mixed-use property with retail and office spaces for rent.
      12715 Aurora Ave N, Seattle, WA 98133
      View Details
    • $2,240 /Mo
      960 SF

      Retail Space with Facade Signage

      Retail space featuring facade signage and recent upgrades.
      928 160Th St, Shoreline, WA 98133
      View Details
    • $2,700 /Mo
      990 SF

      Retail Space in Shoreline Center

      Retail space with great visibility and ample parking.
      16300 Aurora Ave N, Shoreline, WA 98133
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12515 Greenwood N Ave
    Seattle, WA 98133
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12515 Greenwood N Ave, Seattle, WA, 98133
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!