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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Medical Office Space
14 Boston St, Seattle, WA 98109-2319
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0966327
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,600 SF
Lot
0.04 ac (1,800 SF)
Zoning code
NC2-55 (M)
APN
179450-0050
UPID
US90-0966327
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
-
Smile Seattle Dental Clinic Dental Office
-
Queen Anne Family Dental Dental Office
-
Corinne Reschenthaler Dental Office
-
Dr. Grant Reschenthaler Dental Office
-
Dr. Michal Friedrich Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.98M
Owner & transaction history
Reschenthaler & Reschenthaler Prop · 2 yrs held
Reschenthaler & Reschenthaler Prop
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+47.2%
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
$2,980,000
ML approach
$2,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,820,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10% · vs last sale $2.98M (May 23 2024)
Last sale anchor
$2.98M
May 23 2024
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
$828 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,880
Tax year 2024
Assessed value
$771,400
Assessed 2023
Previous assessed
$771,400
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$450,000
Assessed improvement
$321,400
Land market value
$450,000
Improvement market value
$321,400
Total market value
$771,400
Applied tax rate
10.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
3,600 SF
Lot
0.04 ac (1,800 SF)
Zoning code
NC2-55 (M)
APN
179450-0050
UPID
US90-0966327
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Zoning NC2-55 (M) · permitted uses
NC2-55 (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
COMMERCIAL (GENERAL)
Est. value
$1.8M
COMMERCIAL (GENERAL)
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
1922
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Reschenthaler & Reschenthaler Prop
Individual
Mailing address
14 BOSTON ST, SEATTLE, WA 98109-2319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
$2,980,000
Reschenthaler & Reschenthaler Prop
14 Boston LLC
Warranty Deed
$2,980,000 · Gary Treinkman
Oct 24, 2019
—
14 Boston LLC
—
Deed
related
$1,125,000 · Columbia State Bank
Jul 24, 2009
—
14 Boston LLC
Friedrich,michal
Quit Claim Deed
related
—
May 15, 1998
$430,000
Michal Friedrich
Andrews,scott T & Lisa A
Grant Deed
$540,805 · Money Store Commercial Mtg
Jun 1, 1990
—
Andrews,scott T&lisa A
Defer The Tax 10
Grant Deed
related
—
—
—
Scott T Andrews
—
Deed Of Trust
related
$130,763 · Evergreenbank
—
—
14 Boston LLC
—
Deed Of Trust
related
$1,224,000 · Key Bank & Trust
—
—
Scott T Andrews
—
Deed Of Trust
related
$134,000 · Bates Richard E
—
—
14 Boston LLC
—
Deed Of Trust
related
$126,000 · Key Bank & Trust
—
—
14 Boston LLC
—
Deed Of Trust
related
$200,000 · Key Bank & Trust
—
—
14 Boston LLC
—
Deed Of Trust
related
$150,000 · Key Bank & Trust
—
—
Michal R Friedrich
—
Deed Of Trust
related
$474,000 · Charter Bank
—
—
Michael R Friedrich
—
Deed Of Trust
related
$960,000 · Charter 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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