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Property profile & analytics
OFF-MARKET
Estimated value
$6,385,000
Investment properties
3424 Fremont N Ave Seattle, WA 98103-8812
Entity Owned
~
Est. High Equity
Property ID
US90-0649175
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1909
Construction
WOOD
Total area
5,430 SF
Lot
0.39 ac (17,086 SF)
Zoning code
NC2P-75 (M1)
APN
197220-2755
UPID
US90-0649175
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
-
Palmi Korean Cuisine & Teriyaki Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.64M
Blend (final)
Blend
$6.39M
Owner & transaction history
Tpa Vi LLC
Tpa Vi LLC
since 2025
7 recorded transactions
Zoning & alternative use
NC2P-75 (M1) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.1M
+0.6%
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
$8,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,090,000
Current use
RETAIL STORES
$4,110,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$6.39M
Range $5.75M – $7.02M · ±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
$1,176 / 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
$91,950
Tax year 2022
Assessed value
$10,927,000
Assessed 2022
Previous assessed
$10,927,000
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$5,125,800
Assessed improvement
$5,801,200
Land market value
$5,125,800
Improvement market value
$5,801,200
Total market value
$10,927,000
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
Off-Market
Year built
1909
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
5
Stories
2
Total area
5,430 SF
Lot
0.39 ac (17,086 SF)
Zoning code
NC2P-75 (M1)
APN
197220-2755
UPID
US90-0649175
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-75 (M1) · Seattle, WA
Zoning NC2P-75 (M1) · permitted uses
NC2P-75 (M1) · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.1M
RETAIL STORES
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1909
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Buildings
5
Lot
0.39 ac
Current owner
From public records · entity-resolved
Tpa Vi LLC
Entity
Mailing address
4147 CALIFORNIA AVE SW, SEATTLE, WA 98116-4191
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2025
—
Tpa Vi LLC
Blueprint 3414 LLC
Deed
—
May 15, 2025
—
Blueprint 3414 LLC
—
Deed
related
$9,600,000 · Global FCU
Jul 26, 2022
$17,415,000
Blueprint 3414 LLC
Fremont Court LLC
Warranty Deed
$11,000,000 · Symetra National Life Insurance Com
May 4, 2020
—
Fremont Court LLC
—
Deed
related
$11,000,000 · Symetra Life Insurance Co
Aug 31, 2016
—
Fremont Court LLC
—
Deed
related
$10,875,000 · Washington Federal
Aug 30, 2005
—
Fremont Court LLC
Regan,brian J
Quit Claim Deed
related
—
Mar 20, 2003
—
Brian J Regan
Regan,gina S
Quit Claim Deed
related
—
Aug 31, 1999
—
Brian J Regan
—
Grant Deed
related
$8,250,000 · Wells Fargo Bank
Jul 15, 1998
$2,400,000
Brian J Regan
Simon,stuart & Susan
Grant Deed
$2,322,000 · First Mutual Savings Bank
—
—
Brian J Regan
—
Deed Of Trust
related
$5,275,000 · Wells Fargo Home Mortgage INC
—
—
Stuart K Simon
—
Deed Of Trust
related
$150,000 · Bank Of America
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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