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Property profile & analytics
OFF-MARKET
Estimated value
$4,270,000
Assisted living facilities
12515 Greenwood N Ave Seattle, WA 98133
Entity Owned
36-yr Hold
~
Est. High Equity
Property ID
US90-1321335
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1990
Construction
CONCRETE
Total area
179,340 SF
Lot
6.27 ac (273,190 SF)
Zoning code
LR2 (M)
APN
242603-9052
UPID
US90-1321335
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
-
David Marshall Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.27M
Owner & transaction history
Broadview Development Assoc · 36 yrs held
Broadview Development Assoc
since 1989
6 recorded transactions
Zoning & alternative use
LR2 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multi family uses in a variety of multifamily housing types, in multifamily neighborhoods of low scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
1,438.75 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
$24 / 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
$410,692
Tax year 2022
Assessed value
$46,561,700
Assessed 2022
Previous assessed
$46,561,700
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$21,855,200
Assessed improvement
$24,706,500
Land market value
$21,855,200
Improvement market value
$24,706,500
Total market value
$46,561,700
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1990
Construction
CONCRETE
Heating
CENTRAL
Buildings
4
Stories
10
Units
245
Total area
179,340 SF
Lot
6.27 ac (273,190 SF)
Zoning code
LR2 (M)
APN
242603-9052
UPID
US90-1321335
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR2 (M) · Seattle, WAZoning LR2 (M) · permitted uses
LR2 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes multi family uses in a variety of multifamily housing types, in multifamily neighborhoods of low scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
1,438.75 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1990
Construction
CONCRETE
Heating
CENTRAL
Stories
10
Buildings
4
Units
245
Lot
6.27 ac
Current owner
From public records · entity-resolved
Broadview Development Assoc
Entity
Mailing address
400 UN ST, SEATTLE, WA 98101-2502
Ownership since
1989
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2025
—
Broadview Development Associates II
—
Deed
related
$50,000,000 · The Northwestern Mutual Life Insurance C
Sep 13, 1989
$2,950,000
Broadview Development Assoc
Seattle Schoold
Grant Deed
$4,513,500 · Us Bank Of Washington
—
—
Broadview Development Assoc
—
Deed Of Trust
related
$31,600,000 · Northwestern Mutual Life Ins
—
—
Broadview Dev Associates II
—
Deed Of Trust
related
$14,000,000 · Northwestern Mutual Life Ins
—
—
Broadview Development Assoc II
—
Deed Of Trust
related
$5,200,000 · Commerce Bank Of Washington
—
—
Broadview Dev Associates II
—
Deed Of Trust
related
$47,000,000 · Northwestern Mutual Life Ins
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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