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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Assisted living facilities
17623 1st S Ave, Normandy Park, WA 98148-1786
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0598360
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,130 SF
Lot
3.4 ac (148,241 SF)
Zoning code
RM-2400
APN
312304-9001
UPID
US90-0598360
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.40M
Owner & transaction history
Winterfell Fernwood Wa Owner LLC · 11 yrs held
Winterfell Fernwood Wa Owner LLC
since 2015
7 recorded transactions
Zoning & alternative use
RM-2400 · Normandy Park, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Normandy Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Normandy Park 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
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$23 / 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
$150,631
Tax year 2022
Assessed value
$12,240,100
Assessed 2022
Previous assessed
$12,240,100
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,778,800
Assessed improvement
$10,461,300
Land market value
$1,778,800
Improvement market value
$10,461,300
Total market value
$12,240,100
Applied tax rate
1,898.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
109
Total area
62,130 SF
Lot
3.4 ac (148,241 SF)
Zoning code
RM-2400
APN
312304-9001
UPID
US90-0598360
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-2400 · Normandy Park, WA
Zoning RM-2400 · permitted uses
RM-2400 · Normandy Park, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Normandy Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Units
109
Lot
3.4 ac
Current owner
From public records · entity-resolved
Winterfell Fernwood Wa Owner LLC
Entity
Mailing address
4650 E COTTON CTR BLVD STE #140, PHOENIX, AZ 85040-4802
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Winterfell Fernwood Wa Owner LLC
—
Deed
related
$5,534,000 · Berkadia Commercial Mortgage LLC
May 27, 2015
$21,731,600
Winterfell Fernwood Wa Owner LLC
Harvest Fernwood At The Park Retire
Warranty Deed
$16,628,000 · Berkadia Commercial Mortgage LLC
Apr 7, 2010
—
Harvest Fernwood Of Park Retireme
—
Deed Of Trust
related
$1,914,168,662 · Federal National Mortgage Assn
Mar 21, 2007
—
Harvest Fernwood At The Park Retire
Harvest Fernwood At The Park Retire
Bargain And Sale Deed
$184,209,435 · Citigroup Global Markets Realty Cor
Jul 14, 2000
$8,750,000
Vista Ancillary Properties LP
Normandy Park Retirement Resid
Grant Deed
—
May 1, 1995
$648,000
Park Retirement Resid Normandy
Lingwood,james L
Grant Deed
—
Apr 27, 1995
—
May H Pendegrass
Lingwood,james L
Quit Claim Deed
related
—
Aug 5, 1992
—
Lingwood J L
Lingwood,lewis G
Quit Claim Deed
related
—
—
—
Normandy Park Retirement Resdn
—
Deed Of Trust
related
$6,860,000 · Teachers Insurance & Annuity
—
—
Vista Ancillary Properties LP
—
Deed Of Trust
related
—
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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