Individually Owned Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,453 SF
Lot
0.19 ac (8,071 SF)
Zoning code
DMC 240/290-440
APN
066000-2245
UPID
US90-0186189
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Food Bank Charitable Organization
-
Charitable Organization Social Service Agency
-
Food Bank Charitable Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.04M
Owner & transaction history
since 2017
7 recorded transactions
Zoning & alternative use
DMC 240/290-440 · Seattle, WA
Top alternative use upside
Apartment house (5+ units)
$3.4M
+0.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.04M
Value range
$1.83M – $2.24M
±10% around blend
Estimated value / SF
$215 / SF
Confidence
High
13 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$1.83M
blend $2.04M
$2.24M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,453 SF
Lot area
0.19 ac
Year built
1929
Stories
1
APN
066000-2245
Zoning
DMC 240/290-440
Assessed value
$6,356,900
Annual tax
$53,149
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.73M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.95M
@ 6.5% CAP return
$2.73M
@ 7% CAP return
$2.53M
4
Sales comparison
Partial preview
Sales approach indication
$3.86M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.0 mi away · 9,048 SF
4.1 mi away · 8,580 SF
7.3 mi away · 12,180 SF
10.6 mi away · 8,027 SF
10.9 mi away · 11,530 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.04M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 337 sales
$353
-39%
County 676 sales
$377
-43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $215/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+0%
vs current-use indication
Office Building · current use
Medical Building
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.36M
Move the market yield to see immediate price impact.
Value / SF
$672
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$400k
$8.01M
$5.72M
$4.45M
$445k
$8.90M
$6.36M
$4.94M
$489k
$9.79M
$6.99M
$5.44M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$3.50M
2.0 mi · Jan 2026 · $308/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$53,149
Tax year 2022
Assessed value
$6,356,900
Assessed 2022
Previous assessed
$6,356,900
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$6,355,900
Assessed improvement
$1,000
Land market value
$6,355,900
Improvement market value
$1,000
Total market value
$6,356,900
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
9,453 SF
Lot
0.19 ac (8,071 SF)
Zoning code
DMC 240/290-440
APN
066000-2245
UPID
US90-0186189
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC 240/290-440 · Seattle, WAZoning DMC 240/290-440 · permitted uses
DMC 240/290-440 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.19 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DMC 240/290-440
Jurisdiction
Seattle, WA
Recorded code
DMC 240/290-440
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DMC 240/290-440 in Seattle, WA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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