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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Retail space
3517 Stone N Way Seattle, WA 98103-8923
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0657492
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
WOOD
Total area
4,949 SF
Lot
0.11 ac (4,656 SF)
Zoning code
IC-65 (M)
APN
182504-9087
UPID
US90-0657492
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
-
Radiant Pilates northwest Gym & Fitness Center
-
Yellow Crystal Sun - Massage Therapy and Reiki Alternative Medicine Practice
-
Seattle School of Chen Taijiquan Sports School
-
Seattle Ortho Arts Physical Therapy Medical Clinic
-
danceDaigre Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Blue Stone Property 1 LLC · 19 yrs held
Blue Stone Property 1 LLC
since 2006
5 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
$235 / 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
$12,244
Tax year 2022
Assessed value
$1,397,800
Assessed 2022
Previous assessed
$1,397,800
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,396,800
Assessed improvement
$1,000
Land market value
$1,396,800
Improvement market value
$1,000
Total market value
$1,397,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Total area
4,949 SF
Lot
0.11 ac (4,656 SF)
Zoning code
IC-65 (M)
APN
182504-9087
UPID
US90-0657492
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
1961
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Blue Stone Property 1 LLC
Entity
Mailing address
516 NE 77TH ST, SEATTLE, WA 98115-4147
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2018
—
Blue Stone Property 1 LLC
—
Deed
related
$500,000 · Unitus Community Cu
Sep 1, 2006
$1,056,000
Blue Stone Property 1 LLC
Cyphers Seven LLC
Warranty Deed
$906,000 · Cyphers Seven LLC
Apr 21, 2006
—
Cyphers Seven LLC
Cyphers,harold V & Vivian L
Quit Claim Deed
related
—
Apr 20, 2006
—
Harold V Cyphers
Cyphers,harold V
Quit Claim Deed
related
—
—
—
Blue Stone Property 1 LLC
—
Deed Of Trust
related
$750,000 · Key Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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