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Property profile & analytics
OFF-MARKET
Estimated value
$18,785,000
Investment properties
1701 Dexter N Ave Seattle, WA 98109-3286
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2633132
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1966
Lot
0.25 ac (10,821 SF)
Zoning code
NC3P-55 (M)
APN
880790-0270
UPID
US90-2633132
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
-
Fusion Fitness Gym & Fitness Center
-
Dexter Ave Barbers Barber Shop
-
Dexter Hayes Apartments Apartment Building Apartment Complex
-
PNW Marketing Advertising Agency Marketing & Advertising
-
John Lipe Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$18.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.79M
Owner & transaction history
Dexter Hayes Spe LLC · 2 yrs held
Dexter Hayes Spe LLC
since 2024
Last sale
$18.8M
7 recorded transactions
Zoning & alternative use
NC3P-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business supp…
Zone name
Neighborhood Commercial Pedestrian Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
87.21 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
$18,785,000
ML approach
$18,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.79M
Range $16.91M – $20.66M · ±10% · vs last sale $18.79M (Jul 9 2024)
Last sale anchor
$18.79M
Jul 9 2024
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
—
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
$21,494
Tax year 2022
Assessed value
$2,434,700
Assessed 2022
Previous assessed
$2,434,700
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$2,434,700
Land market value
$2,434,700
Total market value
$2,434,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1966
Heating
NONE
Lot
0.25 ac (10,821 SF)
Zoning code
NC3P-55 (M)
APN
880790-0270
UPID
US90-2633132
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-55 (M) · Seattle, WAZoning NC3P-55 (M) · permitted uses
NC3P-55 (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 district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business support services, and residences that are compatible with the retail character of the area. The Pedestrian designation is to preserve or encourage an intensely retail and pedestrian-oriented shopping district where non-auto modes of transportation to and within the district are strongly favored. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Pedestrian Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
87.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Dexter Hayes Spe LLC
Entity
Mailing address
1101 N NORTHLAKE WAY STE #106, SEATTLE, WA 98103-8901
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2024
$18,785,000
Dexter Hayes Spe LLC
1701 Dexter LLC
Bargain And Sale Deed
—
Mar 7, 2013
$2,000,000
1701 Dexter LLC
Inhabit Dexter LLC
Grant Deed
—
Sep 19, 2008
$2,596,960
Inhabit Dexter LLC
Aronson,phillip C
Warranty Deed
—
Feb 14, 2007
—
Paul A Aronson
Pa-pa Ptshp
Quit Claim Deed
related
—
Nov 16, 2005
—
Pa-pa Ptshp
Pa-pa Ptshp
Quit Claim Deed
related
$862,500 · First Mutual Bank
Nov 17, 1989
$405,500
Pa-pa Partnership
Aronson,conrad C
Grant Deed
$397,400 · Seller
—
—
1701 Dexter LLC
—
Deed Of Trust
related
$650,000 · Paul L Wyckoff
—
—
Philip C Aronson
—
Deed Of Trust
related
$1,599,900 · Columbia State Bank
—
—
1701 Dexter LLC
—
Deed Of Trust
related
$18,654,000 · Capital One Multifamily Fin
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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