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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Assisted living facilities
1334 Terry Ave Seattle, WA 98101-2747
Entity Owned
28-yr Hold
Free & Clear
Property ID
US90-1718928
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,243 SF
Lot
0.61 ac (26,400 SF)
Zoning code
HR (M)
APN
197820-0320
UPID
US90-1718928
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
-
Kindred Hospital Seattle - First Hill Hospital
-
Illinois Healthcare News Hospital
-
Dr. Ashley Thayer Physician
-
Dr. Beverly Leite 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
$2.14M
Owner & transaction history
Vencor INC · 28 yrs held
Vencor INC
since 1998
7 recorded transactions
Zoning & alternative use
HR (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multi family uses, an area that provides a concentration of high density multifamily housing in a pedestrian-oriented neighborhood with convenient access to regional transit stations, and where the mix of activity provides convenient access to a full range of residential services and amenities and employment centers. M is the mandatory…
Zone name
Highrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
95.82 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
$43 / 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
$189,642
Tax year 2022
Assessed value
$22,743,700
Assessed 2022
Previous assessed
$22,743,700
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$15,180,000
Assessed improvement
$7,563,700
Land market value
$15,180,000
Improvement market value
$7,563,700
Total market value
$22,743,700
Applied tax rate
13.0000
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
4
Total area
49,243 SF
Lot
0.61 ac (26,400 SF)
Zoning code
HR (M)
APN
197820-0320
UPID
US90-1718928
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HR (M) · Seattle, WAZoning HR (M) · permitted uses
HR (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, an area that provides a concentration of high density multifamily housing in a pedestrian-oriented neighborhood with convenient access to regional transit stations, and where the mix of activity provides convenient access to a full range of residential services and amenities and employment centers. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Highrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
95.82 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
4
Lot
0.61 ac
Current owner
From public records · entity-resolved
Vencor INC
Entity
Free & Clear · 28 yrs held
Mailing address
680 S 4TH ST, LOUISVILLE, KY 40202-2407
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2022
—
Thc Seattle LLC
—
Deed
related
—
Dec 4, 2018
—
Thc-seattle LLC
—
Deed
related
—
Apr 29, 2011
—
Kindred Nursing Centers W LLC
—
Deed Of Trust
related
$600,000,000 · J P Morgan Chase Bank
Apr 24, 2001
—
Vencor Nursing Centers West Lc
—
Deed Of Trust
related
$120,000,000 · Morgan Guaranty Trust Co Ny
May 7, 1998
—
Vencor INC
First Healthcare Corp
Grant Deed
related
—
Nov 12, 1992
$2,824,200
First Healthcare Corp #160
Nme Properties I
Grant Deed
related
—
—
—
Thc-seattle LLC
—
Deed Of Trust
related
—
—
—
Thc-seattle LLC
—
Deed Of Trust
related
—
—
—
Vencor Nursing Centers West Ll
—
Deed Of Trust
related
—
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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