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Property profile & analytics
OFF-MARKET
Estimated value
$2,175,000
Assisted living facilities
1421 Minor Ave Seattle, WA 98101-1970
Entity Owned
~
Est. High Equity
Property ID
US90-0377002
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1969
Construction
CONCRETE
Total area
37,521 SF
Lot
0.69 ac (30,000 SF)
Zoning code
MR (M)
APN
872560-0380
UPID
US90-0377002
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
-
Truewood by Merrill, First Hill Nursing Home
-
TuneTale | Musician Management Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.18M
Owner & transaction history
Union Grand Alc LLC
Union Grand Alc LLC
since 2026
7 recorded transactions
Zoning & alternative use
MR (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multi family uses in mid rise or high rise providing concentrations of housing in desirable, pedestrian oriented urban neighborhoods having convenient access to regional transit stations, where the mix of activity provides convenient access to a full range of residential services and amenities. M is the mandatory housing affordability…
Zone name
Midrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
314.86 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
$58 / 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
$190,214
Tax year 2022
Assessed value
$22,730,700
Assessed 2022
Previous assessed
$22,730,700
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$12,000,000
Assessed improvement
$10,730,700
Land market value
$12,000,000
Improvement market value
$10,730,700
Total market value
$22,730,700
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
1969
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
6
Units
99
Total area
37,521 SF
Lot
0.69 ac (30,000 SF)
Zoning code
MR (M)
APN
872560-0380
UPID
US90-0377002
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR (M) · Seattle, WAZoning MR (M) · permitted uses
MR (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 in mid rise or high rise providing concentrations of housing in desirable, pedestrian oriented urban neighborhoods having convenient access to regional transit stations, where the mix of activity provides convenient access to a full range of residential services and amenities. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Midrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
314.86 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1969
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
6
Units
99
Lot
0.69 ac
Current owner
From public records · entity-resolved
Union Grand Alc LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
$10,600,000
Union Grand Alc LLC
Shi-iii First Hill LLC
Bargain & Sale Deed
$11,572,997 · Old Second National Bank
Jan 23, 2024
—
Shi III First Hill LLC
—
Deed
related
$15,361,381 · Capital Funding
Sep 6, 2016
$23,780,000
Shi-iii First Hill LLC
Ft Owner LLC
Grant Deed
$15,300,000 · Miscellaneous Ins Co
Dec 15, 2010
$15,551,179
Ft Owner LLC
Faerland Terrace LLC
Warranty Deed
—
Sep 24, 1999
—
Fairmont Terrace LLC
King County (wa)
Grant Deed
$10,400,000 · West Coast Bank
Sep 10, 1991
$4,688,000
King County
First Healthcare
Grant Deed
related
—
Jul 9, 1991
$4,135,000
First Healthcare Corp
Hillhaven
Grant Deed
related
—
—
—
Ft Owner LLC
—
Deed Of Trust
related
$14,800,000 · Bank Of America
—
—
Fairmont Terrace
—
Deed Of Trust
related
$2,000,000 · Elling & Barbara Halvorson
—
—
Faerland Terrace LLC
—
Deed Of Trust
related
$12,225,000 · Telesis Community Cu
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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