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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Assisted living facilities
13200 10th SE Dr, Mill Creek, WA 98012-5588
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-0847276
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Construction
WOOD
Total area
12,852 SF
Lot
1.09 ac (47,480 SF)
Zoning code
HDR
APN
28053100103600
UPID
US90-0847276
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$622k
Blend (final)
Blend
$665k
Owner & transaction history
Crk Cmnty Ll Mill Special · 18 yrs held
Crk Cmnty Ll Mill Special
since 2007
7 recorded transactions
Zoning & alternative use
HDR · Mill Creek, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$920,000
+152.7%
Medical building
$815,000
+124.4%
Retail stores
$625,000
+71.7%
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 Mill Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mill Creek 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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$920,000
Change: +153% · Conversion: Difficult
MEDICAL BUILDING
$815,000
Change: +124% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$52 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$41,157
Tax year 2023
Assessed value
$4,800,000
Assessed 2023
Previous assessed
$4,160,000
+15.4% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,237,000
Assessed improvement
$3,563,000
Land market value
$1,237,000
Improvement market value
$3,563,000
Total market value
$4,800,000
Applied tax rate
526.0000
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
1998
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Units
32
Rooms
32
Total area
12,852 SF
Lot
1.09 ac (47,480 SF)
Zoning code
HDR
APN
28053100103600
UPID
US90-0847276
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HDR · Mill Creek, WA
Zoning HDR · permitted uses
HDR · Mill Creek, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mill Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$920,000
MEDICAL BUILDING
Est. value
$815,000
RETAIL STORES
Est. value
$625,000
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
32
Rooms
32
Lot
1.09 ac
Current owner
From public records · entity-resolved
Crk Cmnty Ll Mill Special
Individual
Mailing address
7900 SE 28TH ST STE #416, MERCER ISLAND, WA 98040-2970
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
Jul 2, 2025
—
Mill Creek Special Care Community L
—
Deed
related
$2,607,000 · Heritage Bank
Aug 16, 2017
—
Mill Creek Special Care Community L
—
Deed
related
$3,650,000 · Heritage Bank
Oct 17, 2007
$1,792,000
Crk Cmnty Ll Mill Special
Tsrc Properties Ltd
Warranty Deed
$2,080,750 · Viking Bank
Mar 25, 2002
$1,280,000
Tsrc Properties Ltd
Madison Park
Grant Deed
—
Mar 16, 2001
$1,840,470
Madison Park
Gardens,ashley
Trustees Deed
—
Jul 28, 1997
$247,828
Ashley Gardens Mill Creek LLC
Haggard,russell & Alice
Grant Deed
—
—
—
Creek Commun Mill Special
—
Deed Of Trust
related
$1,672,172 · Seattle Savings Bank
—
—
Creek Commun Mill Special
—
Deed Of Trust
related
$1,723,000 · Ameritrust Cdc
—
—
Creek Commun Mill Special
—
Deed Of Trust
related
$1,672,172 · Seattle Savings Bank
—
—
Crk Cmnty Ll Mill Special
—
Deed Of Trust
related
$100,000 · Viking Bank
—
—
Ashley Gardens At Mill Creek
—
Deed Of Trust
related
$1,678,000 · Seafirst 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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