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Property profile & analytics
OFF-MARKET
Estimated value
$7,290,000
Assisted living facilities
204 94th St Seattle, WA 98115-2752
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1372769
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Construction
WOOD
Total area
16,640 SF
Lot
0.72 ac (31,478 SF)
Zoning code
LR2 (M)
APN
199620-0070
UPID
US90-1372769
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
-
Cascade Hall Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.65M
Blend (final)
Blend
$7.29M
Owner & transaction history
King County · 3 yrs held
King County
since 2022
Last sale
$8.1M
3 recorded transactions
Zoning & alternative use
LR2 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.7M
+71.1%
Commercial (general)
$8.4M
+65.0%
Auto repair, garage
$6.8M
+34.2%
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
$6,610,000
ML approach
$6,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$5,105,000
Current use
RESTAURANT
$8,730,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,420,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,845,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$6,735,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,900,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$5,880,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$5,720,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$7.29M
Range $6.56M – $8.02M · ±10% · vs last sale $8.14M (Sep 19 2022)
Last sale anchor
$8.14M
Sep 19 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
$438 / 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
$4,988
Tax year 2022
Assessed value
$6,109,300
Assessed 2022
Previous assessed
$6,109,300
+0.0% YoY
Effective rate
0.08%
On assessed value
Assessed land
$5,351,200
Assessed improvement
$758,100
Land market value
$5,351,200
Improvement market value
$758,100
Total market value
$6,109,300
Applied tax rate
10.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Total area
16,640 SF
Lot
0.72 ac (31,478 SF)
Zoning code
LR2 (M)
APN
199620-0070
UPID
US90-1372769
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR2 (M) · Seattle, WA
Zoning LR2 (M) · permitted uses
LR2 (M) · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$5.1M
RESTAURANT
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$6.8M
RETAIL STORES
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.7M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1985
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
King County
Entity
Free & Clear · 3 yrs held
Mailing address
500 4TH AVE RM #830, SEATTLE, WA 98104-2371
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2022
$8,137,865
King County
Sound
Warranty Deed
—
Dec 23, 2019
—
Sound
Community Psychiatric Clinic
Warranty Deed
—
Feb 15, 1990
$1,350,000
Health North Mental
G&j Partnership
Grant Deed
$121,500 · American Residential Mortgage
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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