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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Schools
3200 3rd W Ave Seattle, WA 98119-1903
Entity Owned
32-yr Hold
~
Est. High Equity
Property ID
US90-1359416
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,544 SF
Lot
0.09 ac (3,850 SF)
Zoning code
MIO-37-LR3 (M)
APN
197220-4845
UPID
US90-1359416
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
-
North Queen Anne Child Care Daycare Center
-
First Free Methodist Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Free Methodist Church Se First · 32 yrs held
Free Methodist Church Se First
since 1993
4 recorded transactions
Zoning & alternative use
MIO-37-LR3 (M) · 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
$36 / 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
$479
Tax year 2022
Assessed value
$3,847,300
Assessed 2022
Previous assessed
$3,847,300
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$616,000
Assessed improvement
$3,231,300
Land market value
$616,000
Improvement market value
$3,231,300
Total market value
$3,847,300
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Total area
20,544 SF
Lot
0.09 ac (3,850 SF)
Zoning code
MIO-37-LR3 (M)
APN
197220-4845
UPID
US90-1359416
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MIO-37-LR3 (M) · Seattle, WA
Zoning MIO-37-LR3 (M) · permitted uses
MIO-37-LR3 (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.
Building & site characteristics
From public records
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Free Methodist Church Se First
Entity
Mailing address
3200 3RD AVE W, SEATTLE, WA 98119-1903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 1993
—
Free Methodist Church Se First
First Free Metho
Quit Claim Deed
related
$1,800,000 · West One Bank Washington
—
—
First Methodist Ch Of North Ameri
—
Deed Of Trust
related
$675,121 · Free Methodist Foundation
—
—
First Free Methodist Ch Of Seattl
—
Deed Of Trust
related
$898,932 · Free Methodist Foundation
—
—
First Free Methodist Ch Of Seattl
—
Deed Of Trust
related
$295,000 · Free Methodist Foundation
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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