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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Life science properties
1920 Terry Ave, Seattle, WA 98101-1425
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0032639
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2019
Construction
STEEL FRAME
Total area
512,883 SF
Lot
0.33 ac (14,160 SF)
Zoning code
DMC 340/290-440
APN
066000-1525
UPID
US90-0032639
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
-
Seattle Children's Research Institute: B. Wayne Hughes Building Medical Laboratory
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Childrens Hospital & Regional · 19 yrs held
Childrens Hospital & Regional
since 2007
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$4 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,096,364
Tax year 2023
Assessed value
$168,317,900
Assessed 2023
Previous assessed
$168,317,900
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$7,582,700
Assessed improvement
$160,735,200
Land market value
$7,582,700
Improvement market value
$160,735,200
Total market value
$168,317,900
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
12
Total area
512,883 SF
Lot
0.33 ac (14,160 SF)
Zoning code
DMC 340/290-440
APN
066000-1525
UPID
US90-0032639
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
12
Lot
0.33 ac
Current owner
From public records · entity-resolved
Childrens Hospital & Regional
Individual
Mailing address
PO BOX 5371, SEATTLE, WA 98145-5005
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2016
—
Seattle Childrens Hospital
—
Deed
related
$6,950,000 · Miscellaneous Govt Agcy
May 16, 2007
$16,790,000
Childrens Hospital & Regional
Touchstone Stewart Pl II LLC
Grant Deed
—
Jan 30, 2003
$1,600,000
Stewart Place Touchstone II
Mulvanny,douglas I & Linda M
Grant Deed
$2,000,000 · Washington First Int'l Bank
—
—
Touchstone Stewart Pl II LLC
—
Deed Of Trust
related
$1,000,000 · Washington First Int'l Bank
—
—
Seattle Childrens Hospital
—
Deed Of Trust
related
$6,950,000 · Miscellaneous Govt Agcy
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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