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Property profile & analytics
OFF-MARKET
Investment properties
1287 Westlake N Ave Seattle, WA 98109-4866
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1914843
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
0.02 ac (1,050 SF)
Zoning code
SM-SLU 100/65-145
APN
302504-9007
UPID
US90-1914843
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
-
One Lakefront Apartment Complex
-
Metropolitan Deli and Cafe Cafe & Coffee Shop
-
Reside Worldwide · Luxury apt in Seattle's hottest neighborhood Hotel & Motel
-
Da Bomb Cleaning Company Hardware & Home Improvement
-
social hosts Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bpp Holland One Lakefront LLC · 8 yrs held
Bpp Holland One Lakefront LLC
since 2017
5 recorded transactions
Zoning & alternative use
SM-SLU 100/65-145 · 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
—
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
$4,767
Tax year 2022
Assessed value
$577,500
Assessed 2022
Previous assessed
$577,500
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$577,500
Land market value
$577,500
Total market value
$577,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Lot
0.02 ac (1,050 SF)
Zoning code
SM-SLU 100/65-145
APN
302504-9007
UPID
US90-1914843
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-SLU 100/65-145 · Seattle, WA
Zoning SM-SLU 100/65-145 · permitted uses
SM-SLU 100/65-145 · 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
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
Bpp Holland One Lakefront LLC
Entity
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Bpp Holland One Lakefront LLC
—
Deed
related
$74,556,000 · Jpmorgan Chase Bank NA
Dec 18, 2017
$154,661,000
Bpp Holland One Lakefront LLC
Nash-holland Ws Multifamily No
Trustees Deed
$93,000,000 · Holliday Fenoglio Fowler
Nov 22, 2017
$24,750,000
Nash-holland Ws Multifamily No
Carramerica Dexter Avenue LLC
Grant Deed
—
Dec 18, 2013
$24,750,000
Nash-holland Ws Multifamily No
Carramerica Dexter Avenue LLC
Grant Deed
$210,000,000 · Nash Financing LLC
Mar 27, 2006
$82,500
Carramerica Dexter Avenue LLC
Swanson,j E JR
Warranty Deed
—
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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