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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Assisted living facilities
3204 Morgan St Seattle, WA 98126-3361
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1769605
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
98,592 SF
Lot
3.78 ac (164,492 SF)
Zoning code
LR3 (M)
APN
327860-3190
UPID
US90-1769605
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
-
CHI Franciscan Medical Clinic
-
GBGH Photography Marketing & Advertising Advertising Agency
-
Holiday Bridge Park Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.58M
Owner & transaction history
Snr 24 Bridge Park Owner LLC · 11 yrs held
Snr 24 Bridge Park Owner LLC
since 2015
7 recorded transactions
Zoning & alternative use
LR3 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multi family uses, in a variety of multifamily housing types in multifamily neighborhoods of moderate scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
2,042.31 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$26 / 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
$249,818
Tax year 2022
Assessed value
$27,569,400
Assessed 2022
Previous assessed
$27,569,400
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$13,981,800
Assessed improvement
$13,587,600
Land market value
$13,981,800
Improvement market value
$13,587,600
Total market value
$27,569,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
3
Units
156
Total area
98,592 SF
Lot
3.78 ac (164,492 SF)
Zoning code
LR3 (M)
APN
327860-3190
UPID
US90-1769605
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR3 (M) · Seattle, WAZoning LR3 (M) · permitted uses
LR3 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes multi family uses, in a variety of multifamily housing types in multifamily neighborhoods of moderate scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
2,042.31 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
3
Units
156
Lot
3.78 ac
Current owner
From public records · entity-resolved
Snr 24 Bridge Park Owner LLC
Entity
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2020
—
Snr 24 Bridge Park Owner LLC
—
Deed
related
$12,703,000 · Keybank USA
Feb 11, 2020
—
Snr 24 Bridge Park Owner LLC
—
Deed
related
$12,703,000 · Keybank USA
Apr 1, 2015
$31,837,226
Snr 24 Bridge Park Owner LLC
West Seattle Retirement Reside
Grant Deed
$15,890,000 · Walker & Dunlop
Dec 28, 2012
—
Seattle Retirement Reside West
—
Deed Of Trust
related
$13,350,000 · Prudential Insurance Co Americ
Apr 17, 2006
—
Seattle Retirement Resid West
Seattle Hsng Auth
Quit Claim Deed
—
—
—
Seattle Retirement Reside West
—
Deed Of Trust
related
$13,350,000 · Prudential Insurance Co Americ
—
—
Snr 24 Bridge Park Owner LLC
—
Deed Of Trust
related
$12,703,000 · Keybank USA
—
—
Snr 24 Bridge Park Owner LLC
—
Deed Of Trust
related
$12,703,000 · Keybank USA
—
—
West Seattle Retirement
—
Deed Of Trust
related
$41,915 · Leased Facilities Pool LLC
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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