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Property profile & analytics
FOR LEASE
Office buildings
2150 North 107Th St, Seattle, WA 98133
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-3156291
For Lease
1 / 5
$20,050,000
2150 North 107Th St, Seattle, WA 98133
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
CONCRETE
Total area
86,400 SF
Lot
2.31 ac (100,624 SF)
Zoning code
NC3-95 (M)
APN
292604-9277
UPID
US90-3156291
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
-
Mortgages by Alexandria NMLS 1249633 Loan Service Bank
-
TMS Washington Physician
-
Add/Adhd Diagnosis & Treatment Physician
-
Psychiatry Northwest, LLC Physician
-
Ati Agency Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.05M
Owner & transaction history
Hr Acquisition I Corp · 7 yrs held
Hr Acquisition I Corp
since 2019
7 recorded transactions
Zoning & alternative use
NC3-95 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$30.6M
+0.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$22,435,000
6.5%
$20,710,000
7%
$19,230,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$30,530,000
Current use
APARTMENT HOUSE (5+ UNITS)
$30,645,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$29,710,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$25,525,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$20.05M
Range $18.05M – $22.06M · ±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
$232 / 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
$241,155
Tax year 2023
Assessed value
$24,411,200
Assessed 2023
Effective rate
0.99%
On assessed value
Assessed land
$11,671,000
Assessed improvement
$12,740,200
Land market value
$11,671,000
Improvement market value
$12,740,200
Total market value
$24,411,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1974
Construction
CONCRETE
Heating
OTHER
Stories
5
Total area
86,400 SF
Lot
2.31 ac (100,624 SF)
Zoning code
NC3-95 (M)
APN
292604-9277
UPID
US90-3156291
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-95 (M) · Seattle, WA
Zoning NC3-95 (M) · permitted uses
NC3-95 (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
OFFICE BUILDING Current
Est. value
$30.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.6M
MEDICAL BUILDING
Est. value
$29.7M
WAREHOUSE, STORAGE
Est. value
$25.5M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1974
Construction
CONCRETE
Heating
OTHER
Stories
5
Lot
2.31 ac
Current owner
From public records · entity-resolved
Hr Acquisition I Corp
Entity
Mailing address
800 5TH AVE #3930, SEATTLE, WA 98104-3176
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2019
$30,490,000
Hr Acquisition I Corp
Alpine Ridge Group LLP
Grant Deed
—
Nov 17, 2017
—
Alpine Ridge Group LLP
—
Deed
related
$9,100,000 · Boeing Emps Cu
Sep 16, 2008
$19,590,000
Alpine Ridge Group LLP
Shelby Co LLC
Grant Deed
—
Sep 16, 2008
—
Northgate Ventures LLC
—
Deed Of Trust
related
$9,650,000 · Washington Mutual Fsb
Dec 9, 1998
$8,900,000
Shelby Co LLC
Wcm 125-302 LLC
Grant Deed
$6,000,000 · Westmark Commercial Mtg Fund
Oct 1, 1998
—
Jwcm 125-302 LLC
Seafirst Bank
Grant Deed
related
—
—
—
Shelby Co LLC
—
Deed Of Trust
related
$450,000 · Commerce Bank Of Washington
—
—
Shelby Co LLC
—
Deed Of Trust
related
$500,000 · Commerce Bank Of Washington
—
—
Shelby Co LLC
—
Deed Of Trust
related
$6,200,000 · Zions First National Bank
—
—
Alpine Ridge Group LLP
—
Deed Of Trust
related
$9,100,000 · Boeing Emps Cu
—
—
Shelby Co LLC
—
Deed Of Trust
related
$250,000 · Commerce Bank Of Washington
—
—
Shelby Co LLC
—
Deed Of Trust
related
$15,000,000 · Jackson National Life Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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