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Property profile & analytics
OFF-MARKET
Estimated value
$46,080,000
Medical Office Space
1660 Columbian Way Seattle, WA 98108-1532
Entity Owned
Free & Clear
Property ID
US90-1351919
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1949
Construction
CONCRETE
Total area
218,805 SF
Lot
51.21 ac (2,230,707 SF)
Zoning code
MIO-105-LR3 (M)
APN
162404-9193
UPID
US90-1351919
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
-
Va Medical Center-Seattle: Kolendich Kevin M MD Physician
-
Va Medical Center-Seattle: Loge Anna S MD Physician
-
Bradley Katharine MD Physician
-
Puget Sound Department Veterans: Mock Charles PHD Physician
-
George N. Ioannou M.D., M.S. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$46.08M
Owner & transaction history
UNITED STATES
UNITED STATES
Zoning & alternative use
MIO-105-LR3 (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 LR3 promotes multi family uses, in a variety of multifamily housing types in multifamily neighborhoods of moderate 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
62.85 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$75,235,000
Current use
WAREHOUSE, STORAGE
$66,670,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$46.08M
Range $41.47M – $50.69M · ±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
$211 / 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
$1,802,646
Tax year 2022
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1949
Construction
CONCRETE
Heating
HOT WATER
Buildings
15
Stories
9
Total area
218,805 SF
Lot
51.21 ac (2,230,707 SF)
Zoning code
MIO-105-LR3 (M)
APN
162404-9193
UPID
US90-1351919
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MIO-105-LR3 (M) · Seattle, WAZoning MIO-105-LR3 (M) · permitted uses
MIO-105-LR3 (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 LR3 promotes multi family uses, in a variety of multifamily housing types in multifamily neighborhoods of moderate 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
62.85 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$75.2M
WAREHOUSE, STORAGE
Est. value
$66.7M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
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
1949
Construction
CONCRETE
Heating
HOT WATER
Stories
9
Buildings
15
Lot
51.21 ac
Current owner
From public records · entity-resolved
UNITED STATES
Individual
Free & Clear · 0 yrs held
Mailing address
1660 S COLUMBIAN WAY, SEATTLE, WA 98108-1532
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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