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Property profile & analytics
FOR LEASE
Day care centers
1715 E Olive Way, Seattle, WA 98102
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3329919
For Lease
$12 SF/Yr
1715 E Olive Way, Seattle, WA 98102
View Listing →
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,300 SF
Lot
0.2 ac (8,856 SF)
Zoning code
NC3P-75 (M)
APN
181780-0110
UPID
US90-3329919
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
-
Green Sprout Foods Big Box & Wholesale Store
-
International Montessori Academy High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.22M
Blend (final)
Blend
$4.71M
Owner & transaction history
Vip Investment LLC · 5 yrs held
Vip Investment LLC
since 2020
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.7M
+35.7%
Auto repair, garage
$6.3M
+10.4%
Retail stores
$6.1M
+7.6%
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
$4,665,000
ML approach
$4,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$5,705,000
Current use
COMMERCIAL (GENERAL)
$7,740,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,295,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$6,135,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,425,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$5,405,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$5,260,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.71M
Range $4.24M – $5.18M · ±10% · vs last sale $4.80M (Jul 8 2020)
Last sale anchor
$4.80M
Jul 8 2020
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
$308 / 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
$48,787
Tax year 2022
Assessed value
$5,801,400
Assessed 2022
Previous assessed
$5,801,400
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$4,649,400
Assessed improvement
$1,152,000
Land market value
$4,649,400
Improvement market value
$1,152,000
Total market value
$5,801,400
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
For Lease
Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Total area
15,300 SF
Lot
0.2 ac (8,856 SF)
Zoning code
NC3P-75 (M)
APN
181780-0110
UPID
US90-3329919
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Zoning NC3P-75 (M) · permitted uses
NC3P-75 (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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.3M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Vip Investment LLC
Entity
Mailing address
1715 E OLIVE WAY, SEATTLE, WA 98102-5614
Ownership since
2020
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
Dec 7, 2022
—
V I P Investment LLC
—
Deed
related
$4,500,000 · Unibank
Jul 8, 2020
—
Vip Investment LLC
Wang & Chen LLC
Quit Claim Deed
related
$4,500,000 · Unibank
Aug 16, 2017
$4,800,000
Wang & Chen LLC
Jen Jen LLC
Warranty Deed
$3,840,000 · Jen Jen LLC
Jul 26, 2013
$3,335,526
Jen Jen LLC
Solara LLC
Warranty Deed
—
Dec 28, 2005
$1,880,000
Solara LLC
Fukuda,morio
Warranty Deed
$1,020,000 · Washington Trust Bank
Sep 5, 2003
—
Mono Fukuda
Fukuda,yoshiko
Quit Claim Deed
related
$810,000 · Washington First Int'l Bank
May 23, 1996
$725,000
Morio Fukuda
Imanura,lawrence J & Marcia
Grant Deed
$500,000 · 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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