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Property profile & analytics
OFF-MARKET
Estimated value
$9,405,000
Office buildings
2815 Elliott Ave, Seattle, WA 98121-2990
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0480535
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Construction
STEEL FRAME
Total area
52,080 SF
Lot
0.62 ac (26,880 SF)
Zoning code
DH2/75
APN
766620-2305
UPID
US90-0480535
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
-
Viking Appliance Repair Pros Home Appliance Store
-
Take Care Yoga Gym & Fitness Center
-
Mezzanine Business Services LLC Accounting Firm Tax Preparation
-
Anthony Rodriguez, eXp Realty Real Estate Agency
-
Doina Zubatii, Mosaic Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.41M
Owner & transaction history
Waterfront Partners LLC · 1 yrs held
Waterfront Partners LLC
since 2024
7 recorded transactions
Zoning & alternative use
DH2/75 · Seattle, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,385,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$9.41M
Range $8.46M – $10.35M · ±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
$181 / 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
$284,003
Tax year 2024
Assessed value
$26,932,062
Assessed 2023
Previous assessed
$26,932,062
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$12,768,000
Assessed improvement
$14,164,062
Land market value
$12,768,000
Improvement market value
$22,783,600
Total market value
$35,551,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
2
Stories
6
Units
62
Total area
52,080 SF
Lot
0.62 ac (26,880 SF)
Zoning code
DH2/75
APN
766620-2305
UPID
US90-0480535
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DH2/75 · Seattle, WA
Zoning DH2/75 · permitted uses
DH2/75 · 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
WAREHOUSE, STORAGE
Est. value
$15.4M
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
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
6
Buildings
2
Units
62
Lot
0.62 ac
Current owner
From public records · entity-resolved
Waterfront Partners LLC
Entity
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
Waterfront Partners LLC
A&d Partners LLC
Bargain And Sale Deed
$40,000,000 · The Bank Of New York Mellon
Sep 6, 2023
—
The Bank Of New York Mellon Corpora
—
Deed
related
—
Sep 7, 2022
—
Hudson 1000 Olive Way LLC
Washington St Convention Ctr Public
Re-recorded Document
related
—
Mar 19, 2021
$13,371
Washington St Convention Ctr Public
A&d Partners LLC
Special Warranty Deed
—
Nov 5, 2020
$250,700
Hfh Seattle Two LLC
A & D Partners LLC
Grant Deed
—
Jun 15, 2020
$248,929
Arzco I Investment Corp
A & D Partners LLC
Grant Deed
—
Mar 2, 2020
—
A & D Partners LLC
—
Deed
related
$40,000,000 · Miscellaneous Ins Co
Nov 6, 2019
$503,010
Onni 7th Ave LLC
A & D Partners LLC
Grant Deed
—
Oct 1, 2019
$227,792
Vbob LLC
A & D Partners LLC
Grant Deed
—
Sep 27, 2017
—
A&d Partners LLC
—
Deed
related
$3,350,000 · Umpqua Bank
Sep 1, 2017
—
A & D Partners LLC
Mwp 2815 Investors LLC
Grant Deed
—
Aug 31, 2017
—
Mwp 2815 Investors LLC
2815 Elliott Partners LLC
Quit Claim Deed
related
—
May 4, 2017
—
2815 Elliott Partners LLC
—
Deed
related
$6,427,750 · Washington Tr Bk
Jul 13, 2015
$9,000,000
2815 Elliott Partners LLC
Dussin Family Holdings LLC
Warranty Deed
$6,300,000 · Washington Trust Bank
Dec 18, 2000
—
Dussin Family Holdings LLC
Dussin,guss & Sally
Quit Claim Deed
related
—
May 31, 1991
$2,200,000
Osf International INC
Seattle-first NA
Grant Deed
—
—
—
2815 Elliott Partners LLC
—
Loan Modification
related
$6,427,750 · Washington Tr Bk
—
—
A & D Partners LLC
—
Deed Of Trust
related
$40,000,000 · Miscellaneous 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.
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