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Property profile & analytics
OFF-MARKET
Estimated value
$11,635,000
Assisted living facilities
2611 Dearborn St Seattle, WA 98144-3013
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1615967
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1963
Construction
WOOD
Total area
66,330 SF
Lot
0.83 ac (36,000 SF)
Zoning code
LR2 (M)
APN
042404-9024
UPID
US90-1615967
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
-
Transitional Care Center of Seattle Nursing Home
-
Verie Bertoglio Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.64M
Owner & transaction history
Department Of Social & Health Svc · 6 yrs held
Department Of Social & Health Svc
since 2020
4 recorded transactions
Zoning & alternative use
LR2 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multi family uses in a variety of multifamily housing types, in multifamily neighborhoods of low scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
1,438.75 ac
Source
Realmo
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
$175 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,057
Tax year 2024
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
1963
Construction
WOOD
Heating
OTHER
Stories
3
Units
165
Total area
66,330 SF
Lot
0.83 ac (36,000 SF)
Zoning code
LR2 (M)
APN
042404-9024
UPID
US90-1615967
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR2 (M) · Seattle, WAZoning 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
Zoning description
This district promotes multi family uses in a variety of multifamily housing types, in multifamily neighborhoods of low scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
1,438.75 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
OTHER
Stories
3
Units
165
Lot
0.83 ac
Current owner
From public records · entity-resolved
Department Of Social & Health Svc
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 45848, OLYMPIA, WA 98504-5848
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2020
$13,000,000
Department Of Social & Health Svc
Mccallen & Sons INC
Quit Claim Deed
related
—
Sep 27, 2016
$8,000,000
Ljm Holdings LLC
Opportunities Industrializatio
Grant Deed
related
$9,300,000 · Greystone Svcg
Sep 3, 2003
—
Opportunities Industrializatio
King County (wa)
Grant Deed
$1,600,000 · Bank Of America
Jan 24, 1996
—
Branch Villa Health Care Prope
Branch,andrew L
Quit Claim Deed
related
—
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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