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Property profile & analytics
OFF-MARKET
Estimated value
$13,295,000
Assisted living facilities
1601 Yesler Way Seattle, WA 98122-5640
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1835678
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
CONCRETE
Total area
62,250 SF
Lot
1.41 ac (61,448 SF)
Zoning code
NC1-55 (M)
APN
982670-0565
UPID
US90-1835678
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
-
Benu Community Home (Africatown Community Land Trust) Housing Society
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.71M
Blend (final)
Blend
$13.30M
Owner & transaction history
1601 Yesler LLC · 4 yrs held
1601 Yesler LLC
since 2021
Last sale
$13.8M
7 recorded transactions
Zoning & alternative use
NC1-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$22.1M
+15.7%
Office building
$22.0M
+15.2%
Medical building
$21.4M
+12.1%
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
$13,790,000
ML approach
$9,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$19,090,000
Current use
APARTMENT HOUSE (5+ UNITS)
$22,080,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$22,000,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$21,405,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$13.30M
Range $11.97M – $14.62M · ±10% · vs last sale $13.84M (Oct 5 2021)
Last sale anchor
$13.84M
Oct 5 2021
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
$214 / 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
$97,033
Tax year 2022
Assessed value
$10,754,400
Assessed 2022
Previous assessed
$10,754,400
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$10,753,400
Assessed improvement
$1,000
Land market value
$10,753,400
Improvement market value
$1,000
Total market value
$10,754,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
OTHER
Buildings
2
Stories
2
Units
150
Total area
62,250 SF
Lot
1.41 ac (61,448 SF)
Zoning code
NC1-55 (M)
APN
982670-0565
UPID
US90-1835678
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1-55 (M) · Seattle, WA
Zoning NC1-55 (M) · permitted uses
NC1-55 (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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$19.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.1M
OFFICE BUILDING
Est. value
$22.0M
MEDICAL BUILDING
Est. value
$21.4M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1987
Construction
CONCRETE
Heating
OTHER
Stories
2
Buildings
2
Units
150
Lot
1.41 ac
Current owner
From public records · entity-resolved
1601 Yesler LLC
Entity
Mailing address
1437 S JACKSON ST #100, SEATTLE, WA 98144-2101
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2021
$13,840,000
1601 Yesler LLC
Yesler Qozb LLC
Bargain And Sale Deed
$5,800,000 · The City Of Seattle
Oct 5, 2021
—
1601 Yesler LLC
—
Deed
related
$3,880,000 · Washington State Department Of Commerce
Nov 21, 2019
$11,000,000
Yesler Qozb LLC
Keiro Northwest
Warranty Deed
—
Sep 17, 2012
—
Nikkei Concerns
—
Deed Of Trust
related
$6,373,288 · Us Bank NA
—
—
Nikkei Concerns
—
Loan Modification
related
$6,373,288 · Us Bank NA
—
—
Nikkei Concerns
—
Deed Of Trust
related
$1,000,000 · Us Bank Of Washington
—
—
Nikkei Concerns
—
Deed Of Trust
related
$1,000,000 · Us Bank Of Washington
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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