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Property profile & analytics
OFF-MARKET
Estimated value
$7,825,000
Office buildings
3400 Stone N Way, Seattle, WA 98103-8983
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1507877
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2013
Construction
CONCRETE
Total area
213,682 SF
Lot
0.4 ac (17,424 SF)
Zoning code
IC-65 (M)
APN
182504-9072
UPID
US90-1507877
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
-
Bachman Timothy A DDS Dental Office
-
Fiasco Restaurant
-
Mervin Manufacturing Inc Industrial Manufacturer Production Facility
-
Republic Parking Parking Lot & Garage
-
Stone 34 Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.83M
Owner & transaction history
Upg Stone 34 Prop Owner LLC · 7 yrs held
Upg Stone 34 Prop Owner LLC
since 2018
7 recorded transactions
Zoning & alternative use
IC-65 (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
$37 / 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
$560,450
Tax year 2022
Assessed value
$68,624,000
Assessed 2022
Previous assessed
$68,624,000
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$5,227,200
Assessed improvement
$63,396,800
Land market value
$5,227,200
Improvement market value
$63,396,800
Total market value
$68,624,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
CENTRAL
Stories
5
Total area
213,682 SF
Lot
0.4 ac (17,424 SF)
Zoning code
IC-65 (M)
APN
182504-9072
UPID
US90-1507877
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IC-65 (M) · Seattle, WA
Zoning IC-65 (M) · permitted uses
IC-65 (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
2013
Construction
CONCRETE
Heating
CENTRAL
Stories
5
Lot
0.4 ac
Current owner
From public records · entity-resolved
Upg Stone 34 Prop Owner LLC
Entity
Mailing address
1215 4TH AVE STE #600, SEATTLE, WA 98161-1084
Ownership since
2018
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
Mar 8, 2023
—
Fremont Dock Co
—
Deed
related
$4,000,000 · State Farm Life Insurance Co
Oct 29, 2018
$79,250,000
Upg Stone 34 Prop Owner LLC
Stone & 34th LLC
Trustees Deed
$43,555,000 · Comm 2015-lc19 Mtg Trust (ct)
Dec 19, 2014
$70,077,827
Stone & 34th LLC
3400 Stone LLC
Trustees Deed
$43,555,000 · German Am Cap
Oct 4, 2001
—
Fremont Dock Co
Fremont Land Co LLC
Quit Claim Deed
related
—
Apr 23, 2001
—
Fremont Land Co LLC
—
Deed Of Trust
related
$1,775,000 · Western Fsb
Jan 22, 1999
—
Fremont Land Company LLC
Burke,suzanne M
Grant Deed
related
—
—
—
Fremont Land Co LLC
—
Deed Of Trust
related
$265,000 · Burke Trust
—
—
Fremont Dock Co
—
Deed Of Trust
related
$4,000,000 · Miscellaneous Ins Co
—
—
Fremont Land Co LLC
—
Deed Of Trust
related
$320,000 · Burke Trust
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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