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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Investment properties
2300 1st Ave Seattle, WA 98121-1617
Entity Owned
10-yr Hold
Free & Clear
Property ID
US90-0503303
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,015 SF
Lot
0.15 ac (6,660 SF)
Zoning code
DMR/C 95/65
APN
065500-0005
UPID
US90-0503303
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
-
Primo Ceramica (Bike/Boat/Book/etc) Store
-
Art on The Table (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Archdiocesan Housing Authority · 10 yrs held
Archdiocesan Housing Authority
since 2015
6 recorded transactions
Zoning & alternative use
DMR/C 95/65 · Seattle, WA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$115 / 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
$5,234
Tax year 2022
Assessed value
$488,000
Assessed 2022
Previous assessed
$488,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$446,000
Assessed improvement
$42,000
Land market value
$446,000
Improvement market value
$42,000
Total market value
$488,000
Applied tax rate
11.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
3
Total area
23,015 SF
Lot
0.15 ac (6,660 SF)
Zoning code
DMR/C 95/65
APN
065500-0005
UPID
US90-0503303
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMR/C 95/65 · Seattle, WAZoning DMR/C 95/65 · permitted uses
DMR/C 95/65 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Archdiocesan Housing Authority
Entity
Free & Clear · 10 yrs held
Mailing address
106 BELL ST, SEATTLE, WA 98121-1785
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2015
—
Archdiocesan Housing Authority
Womens Westlake LP
Grant Deed
—
Dec 29, 2000
—
Visitation Valley Family Housi
—
Grant Deed
related
$7,480,167 · Allied Irish Banks
Oct 29, 1998
$287,040
Womens Weslake LP
Womens Weslake LP
Grant Deed
related
—
Dec 4, 1997
$1,000,000
Womens Weslake Ltd Partnership
Samis Land Co
Trustees Deed
—
—
—
Womens Weslake Ltd Partnership
—
Deed Of Trust
related
$8,000 · Washington State Dept Communit
—
—
Womens Westlake LP
—
Deed Of Trust
related
$625,036 · Seattle City (wa)
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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