New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Day care centers
1275 Mercer St, Seattle, WA 98109-5514
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3277494
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,201 SF
Lot
0.71 ac (30,720 SF)
Zoning code
SM-SLU/R 65/95
APN
292504-9094
UPID
US90-3277494
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
-
Bright Horizons at South Lake Union Daycare Center
-
PlayDate SEA Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
Yale Campus LLC · 19 yrs held
Yale Campus LLC
since 2007
7 recorded transactions
Zoning & alternative use
SM-SLU/R 65/95 · 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
$56 / 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
$130,516
Tax year 2022
Assessed value
$15,361,000
Assessed 2022
Previous assessed
$15,361,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$15,360,000
Assessed improvement
$1,000
Land market value
$15,360,000
Improvement market value
$1,000
Total market value
$15,361,000
Applied tax rate
11.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
44,201 SF
Lot
0.71 ac (30,720 SF)
Zoning code
SM-SLU/R 65/95
APN
292504-9094
UPID
US90-3277494
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-SLU/R 65/95 · Seattle, WA
Zoning SM-SLU/R 65/95 · permitted uses
SM-SLU/R 65/95 · 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
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Yale Campus LLC
Entity
Mailing address
617 EASTLAKE AVE E STE #340, SEATTLE, WA 98109-5682
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
—
Yale Campus LLC
—
Deed
related
$8,384,000 · Washington Trust Bank
Mar 11, 2020
—
Yale Campus LLC
—
Deed
related
$1,509,093 · Washington Tr Bk
Oct 21, 2019
—
Yale Campus LLC
—
Deed
related
$1,467,000 · Washington Trust Bank
Jan 25, 2017
—
Yale Campus LLC
—
Deed
related
$9,421,705 · Washington Tr Bk
Mar 7, 2013
—
Yale Campus LLC
—
Deed Of Trust
related
$19,745,000 · Washington Trust Bank
Dec 28, 2012
—
Yale Campus LLC
—
Deed Of Trust
related
$11,086,709 · Seattle Savings Bank
May 10, 2007
$22,000,000
Yale Campus LLC
Cascade Housing Group LLC
Special Warranty Deed
$14,300,000 · Washington Trust Bank
Feb 15, 2006
$9,559,305
Cascade Housing Group LLC
Byron Ellingtson Family
Warranty Deed
—
—
—
Yale Campus LLC
—
Loan Modification
related
$1,509,093 · Washington Tr Bk
—
—
Yale Campus LLC
—
Loan Modification
related
$9,421,705 · Washington Tr Bk
—
—
Byron Ellingson Family LP
—
Deed Of Trust
related
$505,819 · Key Bank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1275 Mercer St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
