Back to Search
Property profile & analytics
OFF-MARKET
Investment properties
3627 Stone N Way Seattle, WA 98103-8093
Entity Owned
Free & Clear
Property ID
US90-1285077
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1948
Construction
WOOD FRAME
Total area
4,013 SF
Lot
0.19 ac (8,280 SF)
Zoning code
NC2-75 (M1)
APN
803370-0125
UPID
US90-1285077
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
-
Studio 45 Gym & Fitness Center
-
Pondeo Apartment Complex
-
Tavolàta Stone Way Restaurant
-
The Hayes on Stone Way Apartment Complex Apartment Building
-
Bishops Cuts/Color Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hayes On Stoneway Owner LLC
Hayes On Stoneway Owner LLC
since 2025
Last sale
$57.6M
5 recorded transactions
Zoning & alternative use
NC2-75 (M1) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including convenience and specialty goods, to the surrounding neighborhoods, and that accommodates other uses that are compatible with the retail cha…
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
69.44 ac
Source
Realmo
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
—
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
$28,467
Tax year 2022
Assessed value
$3,312,000
Assessed 2022
Previous assessed
$3,312,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$3,312,000
Land market value
$3,312,000
Total market value
$3,312,000
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
1948
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Total area
4,013 SF
Lot
0.19 ac (8,280 SF)
Zoning code
NC2-75 (M1)
APN
803370-0125
UPID
US90-1285077
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-75 (M1) · Seattle, WAZoning NC2-75 (M1) · permitted uses
NC2-75 (M1) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including convenience and specialty goods, to the surrounding neighborhoods, and that accommodates other uses that are compatible with the retail character of the area such as housing or offices. M1 is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
69.44 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1948
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Hayes On Stoneway Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
600 UNIVERSITY ST STE #2820, SEATTLE, WA 98101-1184
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
$57,608,106
Hayes On Stoneway Owner LLC
The Hayes Apartments LLC
Special Warranty Deed
—
Jan 9, 2020
—
Essex Velo Ray LP
—
Grant Deed
related
$85,500,000 · Regions Bk
Aug 30, 2017
—
Hayes Apartments LLC
3627 Stone Way LLC
Warranty Deed
related
$35,000,000 · Miscellaneous Ins Co
Jun 2, 2015
$7,110,000
3627 Stone Way LLC
Koon-boen INC
Grant Deed
$25,438,862 · 3627 Stone Lender LLC
Apr 9, 2015
—
Koon-boen INC|cummins-egge INC
B-e-c-k Constructors
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3627 Stone N Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
