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    Property profile & analytics

    2959 76th SE Ave Mercer Island, WA 98040-2737

    • Assisted living facilities
    • 17,750 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimation
    $5,580,000
    Last Sale
    Jun 03, 2024
    $5,500,000
    Location Intelligence
    Property ID
    US90-1292911
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vineyard Park of Mercer Island / Assisted Living Facility

    Property Details for 2959 76th SE Ave

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.05 lot acres
    Property size
    17,750 SF
    Zone code
    MF-2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    531510-0905
    APU
    5315100905

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,770,000
      6.5%
      $5,470,000
      7%
      $5,560,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,990,000
      Geo Method
      $6,245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,660,000
      Retail
      $5,500,000
      Mixed-Use
      $5,640,000
      Hospitality
      $6,170,000
      Educational
      $4,830,000
      Residential Income
      $5,830,000
      Energy
      $6,180,000
      Income-Based Land
      $5,540,000
      Food Service
      $5,460,000

    Location Insight

    • Map
    • Local Demand
    City
    Mercer Island
    County
    King
    State
    Washington
    Longitude
    -122.238
    Latitude
    47.5823
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $56,484
    $3,506,100
    $4,396,300
    $7,902,400
    -
    $3,506,100
    $4,396,300
    $7,902,400

    Comparable in this City

    • Value Estimation by Request
      50,955 SF

      7810 30th St

      HOMES (RETIRED, NURSING) • 50,955 SF
      7810 30th St, Mercer Island, WA 98040-6002
      View Details
    • Value Estimation
      $295,000
      0.09 Acres

      Mercer Island, WA 98040

      HOMES (RETIRED, NURSING) • 0.09 Acres
      Mercer Island, WA 98040
      View Details
    • Value Estimation by Request
      58,295 SF

      7445 24th St

      HOMES (RETIRED, NURSING) • 58,295 SF
      7445 24th St, Mercer Island, WA 98040-2344
      View Details
    • Value Estimation by Request
      146,160 SF

      2430 76th SE Ave

      HOMES (RETIRED, NURSING) • 146,160 SF
      2430 76th SE Ave, Mercer Island, WA 98040-2807
      View Details
    • Value Estimation by Request
      14,172 SF

      3236 78th SE Ave

      MEDICAL BUILDING • 14,172 SF
      3236 78th SE Ave, Mercer Island, WA 98040-3500
      View Details
    • Value Estimation by Request
      5,405 SF

      2825 80th SE Ave

      MEDICAL BUILDING • 5,405 SF
      2825 80th SE Ave, Mercer Island, WA 98040-2985
      View Details

    Similar Nearby for Sale

    • $1,649,995

      Desirable Lot with Lake Views

      Rare opportunity to build on a nearly half-acre lot.
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      Mercer Island Land Opportunity

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      Light-filled end-unit studio in the heart of Mercer Island.
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      View Details
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      Mercer Island Mixed-Use Development Site

      Prime 0.44-acre site near future light rail.
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    Similar Nearby for Lease

    • $32 SF/Yr
      5,028 SF

      Mercer Island Class A Office

      Class A office space in the heart of Mercer Island.
      2758 78Th Ave SE, Mercer Island, WA 98040
      View Details
    • $37 SF/Yr
      3,017 SF

      Mercer Island Retail Spaces Available

      Prime retail space, multiple units, excellent location.
      7633 27Th St, Mercer Island, WA 98040
      View Details
    • Contact for pricing
      1,286 SF

      Mercer Island Retail/Restaurant Space

      New mixed-use development with retail/restaurant space in Mercer Island.
      2750 77Th Ave SE, Mercer Island, WA 98040
      View Details
    • $39 SF/Yr
      770 SF

      Mercer Island Retail Space Available

      Retail space available in Mercer Island, Washington.
      2630 77Th Ave SE, Mercer Island, WA 98040
      View Details
    • $36 SF/Yr
      3,150 SF

      Mercer Island Office Space Available

      Corner office space with natural light and convenient access.
      7650 SE 27Th St, Mercer Island, WA 98040
      View Details
    • $35 SF/Yr
      1,793 SF

      Mercer Island Office Space Available

      Office space for rent in Mercer Island, Washington.
      7429-7435 SE 27Th St, Mercer Island, WA 98040
      View Details
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    2959 76th SE Ave
    Mercer Island, WA 98040-2737
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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