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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Life science properties
1900 9th Ave, Seattle, WA 98101-1304
Individually Owned
19-yr Hold
Free & Clear
Property ID
US90-0079993
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2004
Construction
STEEL FRAME
Total area
299,070 SF
Lot
0.31 ac (13,560 SF)
Zoning code
DMC 340/290-440
APN
066000-1215
UPID
US90-0079993
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
-
Jensen Michael C MD Pediatrician Children's Hospital
-
Benjamin Wilfond Pediatrician
-
Douglas Opel Pediatrician Medical Clinic
-
Dobyns William B MD Pediatrician
-
Okamura Daryl M MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$875k
Owner & transaction history
Childrens Hospital & Regional · 19 yrs held
Childrens Hospital & Regional
since 2006
6 recorded transactions
Zoning & alternative use
DMC 340/290-440 · Seattle, 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 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
by Request
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$3 / 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
$463,320
Tax year 2022
Assessed value
$56,750,100
Assessed 2022
Previous assessed
$56,750,100
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$4,114,800
Assessed improvement
$52,635,300
Land market value
$4,114,800
Improvement market value
$52,635,300
Total market value
$56,750,100
Applied tax rate
11.0000
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
CENTRAL
Stories
11
Total area
299,070 SF
Lot
0.31 ac (13,560 SF)
Zoning code
DMC 340/290-440
APN
066000-1215
UPID
US90-0079993
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC 340/290-440 · Seattle, WA
Zoning DMC 340/290-440 · permitted uses
DMC 340/290-440 · 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.
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
CENTRAL
Stories
11
Lot
0.31 ac
Current owner
From public records · entity-resolved
Childrens Hospital & Regional
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 5371, SEATTLE, WA 98145-5005
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2006
$108,853,967
Childrens Hospital & Regional
Touchstone 9th & Stewart LLC
Grant Deed
—
Nov 23, 2004
—
Touchstone 9th & Stewart LLC
Life Sciences Building LLC
Grant Deed
$26,000,000 · Principal Life Insurance Co
Jan 9, 2004
$2,793,360
Life Sciences Building LLC
Diamond Parking INC
Grant Deed
—
Mar 20, 2003
$4,032,000
Life Sciences Building LLC
Phillips,tr
Grant Deed
$55,874,727 · Pacific Life Insurance Co
Dec 12, 1997
—
Diamond Parking INC
—
Deed Of Trust
related
$2,100,000 · Us Bank
—
—
Seattle Childrens Research Ho
—
Loan Modification
related
$29,856,758 · Usbcde Sub-cde Xxv LLC
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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