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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Specialty properties
1824 12th Ave Seattle, WA 98122-2438
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0084792
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1984
Construction
WOOD
Total area
3,486 SF
Lot
0.12 ac (5,265 SF)
Zoning code
NC3-75 (M1)
APN
600300-1420
UPID
US90-0084792
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
-
Broadway Veterinary Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.80M
Owner & transaction history
C At L LLC · 3 yrs held
C At L LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
NC3-75 (M1) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+36.4%
Auto repair, garage
$1.4M
+0.9%
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
$1,585,000
ML approach
$1,615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$1,420,000
Current use
COMMERCIAL (GENERAL)
$1,940,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,435,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$1,400,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$1,230,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$1,200,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±10% · vs last sale $1.95M (Aug 15 2022)
Last sale anchor
$1.95M
Aug 15 2022
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
$515 / 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
$35,889
Tax year 2022
Assessed value
$2,001,700
Assessed 2022
Previous assessed
$2,001,700
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$2,000,700
Assessed improvement
$1,000
Land market value
$2,000,700
Improvement market value
$1,000
Total market value
$2,001,700
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Total area
3,486 SF
Lot
0.12 ac (5,265 SF)
Zoning code
NC3-75 (M1)
APN
600300-1420
UPID
US90-0084792
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M1) · Seattle, WA
Zoning NC3-75 (M1) · permitted uses
NC3-75 (M1) · 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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
VETERINARY, ANIMAL HOSPITAL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1984
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
C At L LLC
Entity
Mailing address
4243 4TH AVE NE, SEATTLE, WA 98105-6513
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2022
$1,950,000
C At L LLC
Area 25 LLC
Warranty Deed
$1,000,000 · Hc Investment Fund INC
Mar 20, 2018
—
Area 25 LLC
—
Deed
related
$722,000 · Us Bk
Nov 17, 2017
—
Area 25 LLC
—
Deed
related
$722,000 · Us Bank NA
Dec 31, 2013
$840,000
Area 25 LLC
Coon,sandra A
Warranty Deed
$1,165,000 · Live Oak Banking Co
Feb 28, 2003
$609,150
Valdemar Lodholm
Lopez,rose M
Grant Deed
$562,000 · Us Bank NA
Apr 14, 1992
$5,000
Michael Desrosier
Beecher,michael
Quit Claim Deed
related
—
—
—
Valdemar Lodholm JR.
—
Deed Of Trust
related
$51,719 · Ironstone Bank
—
—
Valdemar Lodholm JR.
—
Deed Of Trust
related
$539,000 · Ironstone Bank
—
—
Area 25 LLC
—
Deed Of Trust
related
$744,000 · Bank Of America
—
—
Valdemar Lodholm JR.
—
Deed Of Trust
related
$430,500 · Umpqua Bank
—
—
Area 25 LLC
—
Loan Modification
related
$722,000 · Us Bk
—
—
Jack Lopez
—
Deed Of Trust
related
$269,000 · Seafirst 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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