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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Assisted living facilities
15750 15th St Bellevue, WA 98008-2703
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0847624
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,325 SF
Lot
2.3 ac (100,188 SF)
Zoning code
R-30
APN
262505-9224
UPID
US90-0847624
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
-
Sagebrook Senior Living at Bellevue Nursing Home Retirement Community
-
Crossroads Garden Apartments Apartment Building
-
Demetrius Freeman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$945k
Owner & transaction history
Crossroads Apartments LLC · 2 yrs held
Crossroads Apartments LLC
since 2023
7 recorded transactions
Zoning & alternative use
R-30 · Bellevue, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$25 / 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
$87,949
Tax year 2022
Assessed value
$12,437,100
Assessed 2022
Previous assessed
$12,437,100
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$6,011,200
Assessed improvement
$6,425,900
Land market value
$6,011,200
Improvement market value
$6,425,900
Total market value
$12,437,100
Applied tax rate
330.0000
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
3
Units
105
Total area
38,325 SF
Lot
2.3 ac (100,188 SF)
Zoning code
R-30
APN
262505-9224
UPID
US90-0847624
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-30 · Bellevue, WA
Zoning R-30 · permitted uses
R-30 · Bellevue, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellevue. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Buildings
2
Units
105
Lot
2.3 ac
Current owner
From public records · entity-resolved
Crossroads Apartments LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
—
Crossroads Apartments LLC
—
Deed
related
$3,000,000 · Aof Pacific Affordable Housing Corp
Dec 21, 2023
—
Crossroads Apartments LLC
Bellevue Wa Senior Property LLC
Bargain And Sale Deed
$13,300,000 · Stearns Bank NA
Oct 22, 2018
$500
Santa Rosa Inv
Acp Sh I LLC
Grant Deed
—
Oct 22, 2018
$24,420,000
Bellevue Wa Senior Property LLC
Acp Sh I LLC
Bargain And Sale Deed
$16,278,000 · Bmo Harris Bank NA
Oct 14, 2014
$8,025,000
Acp Sh I LLC
Sil Crossroads LLC
Bargain And Sale Deed
$8,000,000 · Western Alliance Bank
Jul 9, 2014
—
Sil Crossroads LLC
Underwood Chavers LLC
Grant Deed
—
Feb 25, 2008
—
Underwood Chavers LLC
—
Deed Of Trust
related
$10,170,000 · Genworth Life Insurance Co
May 23, 2007
—
City Of Bellevue
Underwood Chavers LLC
Warranty Deed
related
—
Feb 10, 2005
—
Kathy Chavers-erickson
Chavers,h C & Ruth B
Quit Claim Deed
related
—
Jan 11, 1999
—
Underwood Chavers LLC
Underwood,john W & Mary A
Quit Claim Deed
related
—
—
—
John W Underwood
—
Deed Of Trust
related
—
—
—
John W Underwood
—
Deed Of Trust
related
$4,925,000 · National Realty Funding LLC
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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