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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Office buildings
12535 15th NE Ave, Seattle, WA 98125-4095
Entity Owned
19-yr Hold
Free & Clear
Property ID
US90-1394395
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
WOOD
Total area
8,420 SF
Lot
0.79 ac (34,323 SF)
Zoning code
NC3P-55 (M)
APN
641410-0355
UPID
US90-1394395
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
-
Novick Brown Natalie J PHD Physician Medical Clinic
-
McCafferty & Steinmark, PLLC Law Firm
-
Stelmakh & Associates Business Immigration Law Firm Law Firm
-
FASD Experts Medical Clinic
-
North Star Industries Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.38M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.95M
Owner & transaction history
Jackson Park Profs Ctr LLC · 19 yrs held
Jackson Park Profs Ctr LLC
since 2006
7 recorded transactions
Zoning & alternative use
NC3P-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.0M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,575,000
6.5%
$2,380,000
7%
$2,210,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,975,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,985,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$2,895,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$2,485,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±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
$232 / 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
$31,567
Tax year 2022
Assessed value
$3,090,000
Assessed 2022
Previous assessed
$3,090,000
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$3,089,000
Assessed improvement
$1,000
Land market value
$3,089,000
Improvement market value
$1,000
Total market value
$3,090,000
Applied tax rate
25.0000
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
1985
Construction
WOOD
Heating
OTHER
Buildings
2
Stories
2
Total area
8,420 SF
Lot
0.79 ac (34,323 SF)
Zoning code
NC3P-55 (M)
APN
641410-0355
UPID
US90-1394395
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-55 (M) · Seattle, WA
Zoning NC3P-55 (M) · permitted uses
NC3P-55 (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
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.5M
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
1985
Construction
WOOD
Heating
OTHER
Stories
2
Buildings
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
Jackson Park Profs Ctr LLC
Entity
Free & Clear · 19 yrs held
Mailing address
12537 15TH AVE NE STE #204, SEATTLE, WA 98125-3979
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
—
Jackson Professional Center LLC
—
Deed
related
$510,000 · Banner Bank
Mar 24, 2017
—
Jackson Professional Center LLC
—
Deed
related
$2,501,730 · Banner Bank
Dec 11, 2006
—
Jackson Park Profs Ctr LLC
Fenpro
Quit Claim Deed
related
—
Jan 31, 2006
$2,113,750
Fenpro
Cats,ronald H
Warranty Deed
$1,585,000 · Cascade Bank
—
—
Park Professional Cent Jackson
—
Deed Of Trust
related
$2,400,000 · Viking Bank
—
—
Stephen M Gwinn
—
Deed Of Trust
related
$500,000 · Bank Of America
—
—
Park Professional Cent Jackson
—
Deed Of Trust
related
$815,000 · Viking Bank
—
—
Ronald H Cats
—
Deed Of Trust
related
$1,300,000 · Western Bank
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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