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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Assisted living facilities
219 Cedar S Ave, North Bend, WA 98045-8262
Entity Owned
~
Est. High Equity
Property ID
US90-0605512
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,500 SF
Lot
0.58 ac (25,380 SF)
Zoning code
DC
APN
803620-0055
UPID
US90-0605512
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
-
Kewn Johnson Physician
-
Tracy A. Oban Bear, PTA Physician
-
Cheryl Grant, OTR Physician
-
North Bend Post Acute Rehabilitation Center Nursing Home
-
Lori Hughes Roshau Occupational Health Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.17M
Owner & transaction history
219 Cedar LLC
219 Cedar LLC
since 2025
7 recorded transactions
Zoning & alternative use
DC · North Bend, 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 North Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Bend 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
$2,265,000
ML approach
$2,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±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
$85 / 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
$41,189
Tax year 2022
Assessed value
$2,349,700
Assessed 2022
Previous assessed
$2,349,700
+0.0% YoY
Effective rate
1.75%
On assessed value
Assessed land
$583,700
Assessed improvement
$1,766,000
Land market value
$583,700
Improvement market value
$1,766,000
Total market value
$2,349,700
Applied tax rate
1,925.0000
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Units
100
Total area
25,500 SF
Lot
0.58 ac (25,380 SF)
Zoning code
DC
APN
803620-0055
UPID
US90-0605512
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · North Bend, WA
Zoning DC · permitted uses
DC · North Bend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Bend. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Units
100
Lot
0.58 ac
Current owner
From public records · entity-resolved
219 Cedar LLC
Entity
Mailing address
1520 N EL CAMINO REAL 6TH STE #6, SAN CLEMENTE, CA 92672-5957
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
—
219 Cedar LLC
Wa3west LLC
Bargain & Sale Deed
$26,350,000 · Oxford Finance LLC
May 11, 2021
$2,100,000
Wa3west LLC
Ga Hc Reit II North Bend Wa Snf LLC
Bargain And Sale Deed
$1,610,000 · Old Second National Bank
Jun 17, 2019
—
Ga Hc Reit II North Bend Wa Snf LLC
—
Deed
related
—
Aug 31, 2012
$1,000,000
Hc Reit Bnd Wa Snf Ga II
Regency Mt Si LLC
Warranty Deed
—
Mar 11, 2004
—
Regency Mt Si LLC
—
Deed Of Trust
related
$9,160,000 · Red Mortgage Capital INC
Jan 21, 2004
—
Regency Mt St LLC
Regency Pacific INC
Quit Claim Deed
related
—
—
—
Regency Pacific INC
—
Deed Of Trust
related
$1,450,000 · Sterling Savings Bank
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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