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Property profile & analytics
OFF-MARKET
Estimated value
$8,810,000
Office buildings
3600 Graham St, Seattle, WA 98118-3175
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1164516
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
41,262 SF
Lot
1.94 ac (84,554 SF)
Zoning code
NC2-75 (M)
APN
222404-9035
UPID
US90-1164516
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
-
DSHS Social Service Agency Charitable Organization
-
State of Wa Department of Social State Government Office
-
Community Service Office Social Service Agency Charitable Organization
-
Work First State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.81M
Owner & transaction history
State Of Washington · 1 yrs held
State Of Washington
since 2025
7 recorded transactions
Zoning & alternative use
NC2-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$14.6M
+0.4%
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%
$13,305,000
6.5%
$12,280,000
7%
$11,400,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,580,000
Current use
APARTMENT HOUSE (5+ UNITS)
$14,635,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$14,190,000
Change: -3% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,785,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$12,190,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$8.81M
Range $7.93M – $9.69M · ±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
$214 / 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
$132,646
Tax year 2022
Assessed value
$14,375,100
Assessed 2022
Previous assessed
$14,375,100
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$14,374,100
Assessed improvement
$1,000
Land market value
$14,374,100
Improvement market value
$1,000
Total market value
$14,375,100
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
41,262 SF
Lot
1.94 ac (84,554 SF)
Zoning code
NC2-75 (M)
APN
222404-9035
UPID
US90-1164516
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-75 (M) · Seattle, WA
Zoning NC2-75 (M) · permitted uses
NC2-75 (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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.6M
MEDICAL BUILDING
Est. value
$14.2M
COMMERCIAL (GENERAL)
Est. value
$12.8M
WAREHOUSE, STORAGE
Est. value
$12.2M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
4105 223RD PL SE, BOTHELL, WA 98021-8977
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2025
—
North America Chang Jiang 8 LLP
—
Deed
related
$1,000,000 · Shintex Global Holdings Corporation
Mar 4, 2025
—
State Of Washington
North American Chang Jiang 8 LLP
Deed
—
Nov 3, 2023
—
North America Chang Jiang 8 LLP
—
Deed
related
$2,000,000 · Pure West Property Investments Ltd
Feb 24, 2017
—
North America Chang Jiang 8 LLP
—
Deed
related
$1,000,000 · East West Bank
Jul 29, 2015
$8,200,000
North American Chang Jiang 8 LLP
Western Properties INC
Warranty Deed
$5,200,000 · East West Bank
Jun 18, 2004
—
36th & Graham Associates
—
Deed Of Trust
related
$3,200,000 · Ameritas Life Insurance Corp
Feb 12, 1998
—
36th And Graham Associates
—
Deed Of Trust
related
$3,340,000 · Ameritas Life Insurance Corp
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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