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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Medical Office Space
3051 Beacon S Ave Seattle, WA 98144-5853
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-1460378
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1938
Construction
WOOD
Total area
3,480 SF
Lot
0.12 ac (5,286 SF)
Zoning code
NC1P-40 (M)
APN
059700-0690
UPID
US90-1460378
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
-
Dr. Fred C. Quarnstrom, DDS Dental Office
-
Suh Young DDS Dental Office
-
Beacon Hill Dental Associates Dental Office
-
Sunhee Bang Pastor Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$770k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
Sbp Properties LLC · 18 yrs held
Sbp Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
NC1P-40 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a small shopping area that provides primarily convenience retail sales and services to the adjoining residential neighborhood. The Pedestrian designation is to preserve or encourage an intensely retail and pedestrian-oriented shopping district where non-auto…
Zone name
Neighborhood Commercial Pedestrian Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
5.52 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$177 / 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
$9,262
Tax year 2022
Assessed value
$1,015,900
Assessed 2022
Previous assessed
$1,015,900
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$660,700
Assessed improvement
$355,200
Land market value
$660,700
Improvement market value
$355,200
Total market value
$1,015,900
Applied tax rate
13.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
3,480 SF
Lot
0.12 ac (5,286 SF)
Zoning code
NC1P-40 (M)
APN
059700-0690
UPID
US90-1460378
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1P-40 (M) · Seattle, WAZoning NC1P-40 (M) · permitted uses
NC1P-40 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a small shopping area that provides primarily convenience retail sales and services to the adjoining residential neighborhood. The Pedestrian designation is to preserve or encourage an intensely retail and pedestrian-oriented shopping district where non-auto modes of transportation to and within the district are strongly favored. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Pedestrian Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
5.52 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1938
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Sbp Properties LLC
Entity
Mailing address
3051 BEACON AVE S, SEATTLE, WA 98144-5853
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Sep 15, 2017
—
Sbp Properties LLC
—
Deed
related
—
Aug 15, 2007
$950,000
Sbp Properties LLC
Quarnstrom Investments LLC
Warranty Deed
$760,000 · Us Bank NA
Jan 4, 2002
—
Fred C Quarnstrom
Quarnstrom,fred C & Mariana R
Quit Claim Deed
related
—
Mar 3, 1994
$120,000
Fred Quarnstrom
Great Faith Miss
Grant Deed
—
Dec 2, 1988
$25,913
Faith Missionary Greater
Houston,robert&c
Grant Deed
$50,000 · Individual
—
—
Fred C Quarnstrom
—
Deed Of Trust
related
$250,000 · Towne Bank
—
—
Sbp Properties LLC
—
Loan Modification
related
—
—
—
Fred Quarnstrom
—
Deed Of Trust
related
$270,000 · Seafirst Bank
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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