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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Assisted living facilities
1701 18th S Ave Seattle, WA 98144-4317
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0861664
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,332 SF
Lot
0.92 ac (40,000 SF)
Zoning code
LR2 (M)
APN
754830-0545
UPID
US90-0861664
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
-
Valley Cities Behavioral Health Care: Recovery Place Seattle Medical Clinic
-
Douglas Mailman Physician
-
Janine Gundel Physician
-
Valley Cities Behavioral Health Care Medical Clinic
-
Christina Petty 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
$880k
Owner & transaction history
Valley Cities Counseling & Con · 10 yrs held
Valley Cities Counseling & Con
since 2016
7 recorded transactions
Zoning & alternative use
LR2 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This 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
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
1,438.75 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
$26 / 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
$4,792
Tax year 2022
Assessed value
$8,319,700
Assessed 2022
Previous assessed
$8,319,700
+0.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$4,800,000
Assessed improvement
$3,519,700
Land market value
$4,800,000
Improvement market value
$3,519,700
Total market value
$8,319,700
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Total area
33,332 SF
Lot
0.92 ac (40,000 SF)
Zoning code
LR2 (M)
APN
754830-0545
UPID
US90-0861664
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR2 (M) · Seattle, WAZoning LR2 (M) · permitted uses
LR2 (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 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
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
1,438.75 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Valley Cities Counseling & Con
Individual
Mailing address
325 W GOWE ST, KENT, WA 98032-5892
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2019
—
Valley Cities Counseling & Con
—
Deed
related
—
Jul 12, 2018
—
Valley Cities Counseling & Con
—
Deed
related
$1,950,000 · Miscellaneous Govt Agcy
Oct 6, 2017
—
Valley Cities Counseling & Con
—
Deed
related
$1,000,000 · Washington Housing Fin Comn
Apr 21, 2017
—
Valley Cities Counseling & Con
—
Deed
related
$5,600,000 · Bank Of America
May 31, 2016
—
Valley Cities Counseling & Consulta
—
Deed
related
$3,003,000 · Washington State Housing Fin Commission
Jan 15, 2016
—
Valley Cities Counseling & Con
Recovery Centers Of King Cnty
Trustees Deed
$3,000,000 · Bank Of America
Nov 29, 2006
$5,000,000
Recovery Centers Of King County
Trf Cascade LLC
Warranty Deed
$6,585,000 · Washington Health Care Facilit
Jun 29, 1999
$1,900,000
Trf Cascade LLC
Gayton,philip H
Grant Deed
$2,200,000 · Continental Savings Bank
Jul 17, 1992
—
Philip H Gayton
Gayton,philip H
Quit Claim Deed
related
—
—
—
Trf Cascade LLC
—
Deed Of Trust
related
$3,030,000 · Homestreet Bank
—
—
Valley Cities Counseling & Con
—
Deed Of Trust
related
—
—
—
Valley Cities Counseling & Con
—
Deed Of Trust
related
$1,000,000 · Miscellaneous Govt Agcy
—
—
Valley Cities Counseling & Con
—
Deed Of Trust
related
$5,600,000 · Bank Of America
—
—
Valley Cities Counseling & Con
—
Deed Of Trust
related
$1,000,000 · Washington Housing Fin Comn
—
—
Valley Cities Counseling & Con
—
Deed Of Trust
related
$1,950,000 · Miscellaneous Govt Agcy
—
—
Philip H Gayton
—
Deed Of Trust
related
$250,000 · Washington First Int'l 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.
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