New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Office buildings
2856 80th SE Ave, Mercer Island, WA 98040-2914
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-0655238
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2022
Construction
CONCRETE
Total area
12,080 SF
Lot
0.15 ac (6,588 SF)
Zoning code
TC
APN
545230-0540
UPID
US90-0655238
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
-
Peer Consulting Llc Physician
-
East Seattle Partners Corporate Office
-
NW Home Designers Interior Design Home Decor 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
$2.08M
Owner & transaction history
Frazier Ml Office LLC · 9 yrs held
Frazier Ml Office LLC
since 2016
7 recorded transactions
Zoning & alternative use
TC · Mercer Island, 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 Mercer Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mercer Island 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
$172 / 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
$20,037
Tax year 2022
Assessed value
$3,266,100
Assessed 2022
Previous assessed
$3,266,100
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$1,185,800
Assessed improvement
$2,080,300
Land market value
$1,185,800
Improvement market value
$2,080,300
Total market value
$3,266,100
Applied tax rate
1,031.0000
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
2022
Construction
CONCRETE
Heating
CENTRAL
Stories
2
Total area
12,080 SF
Lot
0.15 ac (6,588 SF)
Zoning code
TC
APN
545230-0540
UPID
US90-0655238
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TC · Mercer Island, WA
Zoning TC · permitted uses
TC · Mercer Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mercer Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Construction
CONCRETE
Heating
CENTRAL
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Frazier Ml Office LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2856 80TH AVE SE, MERCER ISLAND, WA 98040-2914
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2020
—
Frazier Mi Office LLC
—
Deed
related
$4,700,000 · Heritage Bank
Aug 1, 2016
$1,590,000
Frazier Ml Office LLC
Mercer Island R/e Venture LLC
Warranty Deed
—
Jan 13, 2016
—
Frazier Family Holdings II LLC
Mercer Island R/e Venture LLC
Grant Deed
—
Dec 19, 2013
$1,100,000
Mercer Island R & E Venture LLC
Quartet Investment Group LLC
Warranty Deed
—
Feb 23, 2010
—
Quartet Investment Group LLC
Peer Consulting LLC
Warranty Deed
—
Sep 8, 2008
$750,000
Peer Consulting LLC
Skelton Family Trust
Warranty Deed
$600,000 · Bank Of America
Mar 23, 2006
—
Skelton Family Trust
Skelton,margaret F
Quit Claim Deed
—
—
—
Mercer Island R & E Venture LLC
—
Deed Of Trust
related
$1,750,000 · Rrb Real Estate Ventures LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2856 80th SE Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
