Property profile

219 Cedar S Ave North Bend, WA 98045

OFF-MARKET
Assisted living facilities
Property ID
US90-0605512
25,500 SF 0.58 ac lot Built 1959
Entity Owned ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Rehabilitation Center Nursing Home
  • Occupational Health Service

Location

219 Cedar S Ave North Bend, WA 98045-8262
North Bend metro Census 32704 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.33M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.27M

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2021
$2.1M
2019
Price N/A
2012
$1.0M
2004
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

DC · North Bend, WA
Zoning description

Downtown Commercial (DC) Interchange Commercial (IC) Interchange Mixed Use (IMU) Business Park (BP) Employment Park (EP) Parks, Open Space and Public Facilities (POSPF) (Ord. 1824 § 5 (App. B), 2024; Ord. 1576 § 1, 2016:…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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