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Property profile & analytics
OFF-MARKET
Estimated value
$2,570,000
Office buildings
2901 3rd Ave, Seattle, WA 98121-1042
Individually Owned
Free & Clear
Property ID
US90-0419137
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
STEEL FRAME
Total area
396,626 SF
Lot
1.46 ac (63,710 SF)
Zoning code
DMC-95
APN
069500-0335
UPID
US90-0419137
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
-
Avant Physical Therapy Medical Clinic
-
Laura Bannister Physician
-
GIOVANNA FLORENCIA PADILLA Physician
-
KATHERINE AMSDEN Physician
-
ADRIENNE SNIDER 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
$2.57M
Owner & transaction history
State Of Washington
State Of Washington
since 2025
7 recorded transactions
Zoning & alternative use
DMC-95 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$6 / 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
$712,226
Tax year 2022
Assessed value
$86,245,000
Assessed 2022
Previous assessed
$86,245,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$35,040,500
Assessed improvement
$51,204,500
Land market value
$35,040,500
Improvement market value
$51,204,500
Total market value
$86,245,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
OTHER
Cooling
OTHER
Stories
6
Total area
396,626 SF
Lot
1.46 ac (63,710 SF)
Zoning code
DMC-95
APN
069500-0335
UPID
US90-0419137
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC-95 · Seattle, WA
Zoning DMC-95 · permitted uses
DMC-95 · 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.
Building & site characteristics
From public records
Year built
1982
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
6
Lot
1.46 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Free & Clear · 0 yrs held
Mailing address
1000 2ND AVE STE #1800, SEATTLE, WA 98104-3619
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
—
State Of Washington
Selig Holdings Company LLC
Deed
—
Dec 29, 2020
—
Selig Holdings Co LLC
—
Deed
related
$379,100,000 · Deutsche Bk Tr 2015-gc29 (ce)
Dec 5, 2005
—
Selig Holdings Co LLC
Selig R/e Holdings Thirteen Ll
Quit Claim Deed
related
—
Dec 5, 2001
—
Selig Real Estates Holdings El
—
Deed Of Trust
related
$7,200,000 · Centrum Financial Services INC
Apr 28, 1999
—
Selig Real Estate Holdings 13
Selig Real Estate Holdings 12
Quit Claim Deed
related
$25,500,000 · Credit Suisse First Boston Mtg
—
—
Selig Holdings Co LLC
—
Loan Modification
related
$242,000,000 · Us Bank NA #2005-ldp5 (ce)
—
—
Selig Holdings Co LLC
—
Loan Modification
related
$379,100,000 · Deutsche Bk Tr 2015-gc29 (ce)
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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