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Property profile & analytics
OFF-MARKET
Office Spaces
1908 Republican St Seattle, WA 98112-4001
Entity Owned
12-yr Hold
Free & Clear
Property ID
US90-0808155
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1911
Construction
WOOD
Total area
2,192 SF
Lot
0.08 ac (3,640 SF)
Zoning code
NC1-55 (M)
APN
440020-0040
UPID
US90-0808155
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
-
Hypno Works Alternative Medicine Practice
-
Eric Hartmann 5 Element Acupuncture Medical Clinic Alternative Medicine Practice
-
Worsley Institute Medical Clinic Alternative Medicine Practice
-
Dorothy A. Barron, LMP Alternative Medicine Practice Spa & Massage Center
-
Sama Healing Arts, PLLC Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sbk Industries LLC · 12 yrs held
Sbk Industries LLC
since 2014
2 recorded transactions
Zoning & alternative use
NC1-55 (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 small shopping area that provides primarily convenience retail sales and services to the adjoining residential neighborhood. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
94.78 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$8,462
Tax year 2022
Assessed value
$1,014,500
Assessed 2022
Previous assessed
$1,014,500
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$855,400
Assessed improvement
$159,100
Land market value
$855,400
Improvement market value
$159,100
Total market value
$1,014,500
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1911
Construction
WOOD
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
2,192 SF
Lot
0.08 ac (3,640 SF)
Zoning code
NC1-55 (M)
APN
440020-0040
UPID
US90-0808155
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1-55 (M) · Seattle, WAZoning NC1-55 (M) · permitted uses
NC1-55 (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 small shopping area that provides primarily convenience retail sales and services to the adjoining residential neighborhood. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
94.78 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1911
Construction
WOOD
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Sbk Industries LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1908 E REPUBLICAN ST, SEATTLE, WA 98112-4001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2014
$605,500
Sbk Industries LLC
Clancy Family Trust
Warranty Deed
—
Jan 15, 2013
—
Clancy Family Trust
Clancy,timothy M & Gretchen G
Quit Claim Deed
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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