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Property profile & analytics
OFF-MARKET
Estimated value
$7,600,000
Individual retail properties
3803 45th St Seattle, WA 98105-5132
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1508774
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,099 SF
Lot
0.38 ac (16,486 SF)
Zoning code
NC2P-40 (M)
APN
152504-9008
UPID
US90-1508774
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
-
Hunter Rental Investments Real Estate Agency
-
Summit Capital Partners LLC Construction Company General Contractor
-
Laurelhurst Haunted House Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.60M
Owner & transaction history
PC Investments LLC · 1 yrs held
PC Investments LLC
since 2024
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
NC2P-40 (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
Method
Estimation
Statistic approach
$7,600,000
ML approach
$7,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.60M
Range $6.84M – $8.36M · ±10% · vs last sale $7.60M (Aug 28 2024)
Last sale anchor
$7.60M
Aug 28 2024
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
$628 / 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
$151,367
Tax year 2022
Assessed value
$4,287,300
Assessed 2022
Previous assessed
$4,287,300
+0.0% YoY
Effective rate
3.53%
On assessed value
Assessed land
$4,286,300
Assessed improvement
$1,000
Land market value
$4,286,300
Improvement market value
$1,000
Total market value
$4,287,300
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
12,099 SF
Lot
0.38 ac (16,486 SF)
Zoning code
NC2P-40 (M)
APN
152504-9008
UPID
US90-1508774
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-40 (M) · Seattle, WA
Zoning NC2P-40 (M) · permitted uses
NC2P-40 (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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
PC Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
215 1ST AVE W STE #200, SEATTLE, WA 98119-4257
Ownership since
2024
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 28, 2024
$6,782,707
PC Investments LLC
Northlake Capital Hq LLC
Trustees Deed
related
—
Dec 9, 2020
—
Northlake Capital Hq LLC
—
Deed
related
$400,000 · Michelle Zhong
Nov 4, 2019
—
Northlake Capital Hq LLC
—
Deed
related
$1,550,000 · Qi Zhang
Oct 30, 2019
$7,600,000
Northlake Capital Hq LLC
Aerobics Building LLC
Warranty Deed
$6,100,000 · PC Investments LLC
May 10, 2004
$3,100,000
Aerobics Building LLC
Pro-robics INC
Grant Deed
—
Jul 7, 1989
$850,000
Pro-robics INC
Astral Investmen
Grant Deed
—
Apr 6, 1989
$648,700
Astral Investments INC
Madsen
Grant Deed
$499,500 · Seller
—
—
Pro-robics INC
—
Deed Of Trust
related
$937,500 · Fremont First National Bank
—
—
Northlake Capital Hq LLC
—
Deed Of Trust
related
$1,550,000 · Qi Zhang
—
—
Pro-robics INC
—
Deed Of Trust
related
$1,350,000 · Northwest International Bank
—
—
Northlake Capital Hq LLC
—
Deed Of Trust
related
$400,000 · Michelle Zhong
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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