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Property profile & analytics
FOR SALE
Investment properties
3232 15Th Ave W Seattle, WA 98119
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0215920
For Sale
1 / 8
$4,300,000
3232 15Th Ave W, Seattle, WA 98119
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,704 SF
Lot
0.13 ac (5,550 SF)
Zoning code
NC3-55 (M)
APN
277060-3575
UPID
US90-0215920
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
-
A Deeper Look Therapy Physician Medical Clinic
-
CenturyLink Telecommunications Service Data Center
-
East Bay Apartments Apartment Building
-
Jenny Green, MS, LMFT Family Counselor Counselor
-
Eastbay Professional Center Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.48M
Owner & transaction history
Alfonso Properties LLC · 9 yrs held
Alfonso Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
NC3-55 (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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$138 / 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
$43,030
Tax year 2022
Assessed value
$5,169,000
Assessed 2022
Previous assessed
$5,169,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$832,500
Assessed improvement
$4,336,500
Land market value
$832,500
Improvement market value
$4,336,500
Total market value
$5,169,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
6
Units
12
Bathrooms
1
Total area
10,704 SF
Lot
0.13 ac (5,550 SF)
Zoning code
NC3-55 (M)
APN
277060-3575
UPID
US90-0215920
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-55 (M) · Seattle, WA
Zoning NC3-55 (M) · permitted uses
NC3-55 (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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
6
Units
12
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Alfonso Properties LLC
Entity
Mailing address
3060 W LK SAMMAMISH PKWY NE, REDMOND, WA 98052-5900
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2020
—
Alfonso Properties LLC
—
Deed
related
$2,250,000 · Umpqua Bank
Oct 19, 2016
$4,495,000
Alfonso Properties LLC
S H O Case LLC
Warranty Deed
$2,270,000 · Umpqua Bank
Aug 17, 2009
$250,000
Sho Case LLC
Frontier Bank
Grant Deed
—
Aug 10, 2009
$500,000
Frontier Bk
Riley,david R
Trustees Deed
related
—
Oct 11, 2007
—
Paul Guzman
—
Trustees Deed
related
$60,000 · Chrysalis Group
Nov 3, 2004
—
3232 15th Avenue West LLC
—
Trustees Deed
related
$1,595,000 · Frontier Bank
Oct 28, 2004
$112,750
3232 15th Avenue West LLC
Toro Construction LLC
Quit Claim Deed
related
—
Sep 27, 2004
—
City Of Seattle
Toro Construction LLC
Grant Deed
related
—
Jul 9, 2004
$285,000
Toro Construction LLC
Ascend 3 LLC
Grant Deed
$225,500 · Ascend 3 LLC
Oct 30, 2000
$225,000
Ascend 3 LLC
Benvenuti,peter & Judy E
Grant Deed
$225,000 · Bay Bank
—
—
3232 15th Avenue West LLC
—
Deed Of Trust
related
$2,126,822 · Frontier Bank
—
—
3232 15th Avenue West LLC
—
Deed Of Trust
related
$223,000 · Frontier Bank
—
—
3232 15th Ave West LLC
—
Deed Of Trust
related
$200,000 · Steven P Cooley
—
—
Ascend 3 LLC
—
Deed Of Trust
related
$225,538 · Viking Bank
—
—
3232 15th Avenue West LLC
—
Deed Of Trust
related
$458,500 · Frontier Bank
—
—
Sho Case LLC
—
Deed Of Trust
related
$1,200,000 · Jones Island Securities 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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