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Property profile & analytics
OFF-MARKET
Estimated value
$3,210,000
Office buildings
320 97th St Seattle, WA 98115-2042
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-0459568
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,168 SF
Lot
0.46 ac (20,137 SF)
Zoning code
NC3-75 (M)
APN
243490-0075
UPID
US90-0459568
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
-
Teresa Anderson Physician
-
AAA Washington Insurance Agency - North Seattle Insurance Agency
-
Spirit of the Depths Department Store
-
Dr. Ashley Crawford Physician Medical Clinic
-
Rachaud Smith Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.35M
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$3.21M
Owner & transaction history
Kraken Rink Link LLC · 4 yrs held
Kraken Rink Link LLC
since 2021
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+48.5%
Commercial (general)
$3.6M
+43.2%
Auto repair, garage
$3.0M
+16.4%
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
$3,210,000
ML approach
$3,350,000
CAP Approach
CAP Return
Estimation
6%
$2,685,000
6.5%
$2,480,000
7%
$2,305,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,535,000
Current use
RESTAURANT
$3,760,000
Change: +49% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,625,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,950,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$2,900,000
Change: +15% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,540,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$2,465,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$2,115,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±10% · vs last sale $3.99M (Oct 1 2021)
Last sale anchor
$3.99M
Oct 1 2021
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
$448 / 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
$26,093
Tax year 2022
Assessed value
$2,820,100
Assessed 2022
Previous assessed
$2,820,100
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$2,819,100
Assessed improvement
$1,000
Land market value
$2,819,100
Improvement market value
$1,000
Total market value
$2,820,100
Applied tax rate
10.0000
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
7,168 SF
Lot
0.46 ac (20,137 SF)
Zoning code
NC3-75 (M)
APN
243490-0075
UPID
US90-0459568
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Zoning NC3-75 (M) · permitted uses
NC3-75 (M) · 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
OFFICE BUILDING Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.1M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Kraken Rink Link LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7918 GRN LK DR N, SEATTLE, WA 98103-4864
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$3,989,000
Kraken Rink Link LLC
Trismegistus Investments LLC
Warranty Deed
—
Jan 3, 2018
—
Trismegistus Investments LLC
Ramage,michael D
Quit Claim Deed
related
—
May 10, 2010
—
Michael D Ramage
Ramage,andrea C
Quit Claim Deed
related
—
May 10, 2010
$1,700,000
Michael D Ramage
Scott,donald R
Warranty Deed
—
Jan 15, 2010
—
Donald Scott
Northgate Terrace Partners LLC
Quit Claim Deed
related
—
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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