Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,820,000
Medical Office Space
1530 115th St Seattle, WA 98133-8421
Individually Owned
6-yr Hold
Free & Clear
Property ID
US90-1771207
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Construction
CONCRETE
Total area
41,757 SF
Lot
1.33 ac (57,934 SF)
Zoning code
MIO-105-LR2 (M)
APN
302604-9123
UPID
US90-1771207
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
-
Julia Vander Vegt Physician
-
Solan William J MD Physician
-
Healthy Beginnings Lactation Consultant
-
Coghlan James C MD Pediatrician Physician
-
Kent A. Questad, PhD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.82M
Owner & transaction history
Board Of Regents & The Unvi & Washing · 6 yrs held
Board Of Regents & The Unvi & Washing
since 2020
6 recorded transactions
Zoning & alternative use
MIO-105-LR2 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this overlay is to regulate major educational and medical institutions. The LR2 district promotes multi family uses in a variety of multifamily housing types, in multifamily neighborhoods of low scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Major Institution Overlay Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
28.42 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
$115 / 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
$16,451
Tax year 2023
Assessed value
$4,681,900
Assessed 2023
Previous assessed
$4,681,900
+0.0% YoY
Effective rate
0.35%
On assessed value
Assessed land
$2,050,900
Assessed improvement
$2,631,000
Land market value
$2,050,900
Improvement market value
$2,631,000
Total market value
$4,681,900
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
1974
Construction
CONCRETE
Heating
GAS
Cooling
AC.PACKAGE
Stories
3
Total area
41,757 SF
Lot
1.33 ac (57,934 SF)
Zoning code
MIO-105-LR2 (M)
APN
302604-9123
UPID
US90-1771207
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MIO-105-LR2 (M) · Seattle, WAZoning MIO-105-LR2 (M) · permitted uses
MIO-105-LR2 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this overlay is to regulate major educational and medical institutions. The LR2 district promotes multi family uses in a variety of multifamily housing types, in multifamily neighborhoods of low scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Major Institution Overlay Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
28.42 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
GAS
Cooling
Yes
Stories
3
Lot
1.33 ac
Current owner
From public records · entity-resolved
Board Of Regents & The Unvi & Washing
Individual
Free & Clear · 6 yrs held
Mailing address
CAMPUS #352210, SEATTLE, WA 98195-0001
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
Board Of Regents & The Unvi & Washing
Uw Medicine Of Northwest
Quit Claim Deed
related
—
—
—
Uw Medicine Of Northwest
—
Deed Of Trust
related
$4,700,000 · Us Bank NA
—
—
Uw Medicine Of Northwest
—
Deed Of Trust
related
—
—
—
Uw Medicine Of Northwest
—
Deed Of Trust
related
—
—
—
Community Memorial Hospital
—
Deed Of Trust
related
$3,600,000 · Pacific Northwest Bank
—
—
John C Radovich LLC
—
Deed Of Trust
related
$12,500 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1530 115th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
