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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Medical Office Space
3830 Ferdinand St, Seattle, WA 98118-1738
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1033956
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1909
Construction
WOOD
Total area
2,187 SF
Lot
0.08 ac (3,300 SF)
Zoning code
NC2P-55 (M)
APN
170290-1035
UPID
US90-1033956
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
-
Seattle Home Maternity Service & Childbirth Center Midwife Birth Center
-
Samy Pediatrics Physician
-
Brooks Siegal Midwife
-
Heather Chorley Midwife Practitioner Service Location
-
Katherine Sauerlender Midwife
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$486k
Blend (final)
Blend
$650k
Owner & transaction history
3830 S Ferdinand LLC · 4 yrs held
3830 S Ferdinand LLC
since 2022
Last sale
$800,000
2 recorded transactions
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$900,000
+19.7%
Retail stores
$875,000
+16.6%
Office building
$775,000
+2.8%
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
$650,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$560,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$750,000
Current use
AUTO REPAIR, GARAGE
$900,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: +3% · Conversion: Easy
COMMERCIAL (GENERAL)
$680,000
Change: -10% · Conversion: Easy
WAREHOUSE, STORAGE
$645,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $800k (May 23 2022)
Last sale anchor
$800k
May 23 2022
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
$297 / 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
$3,904
Tax year 2022
Assessed value
$430,000
Assessed 2022
Previous assessed
$430,000
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$429,000
Assessed improvement
$1,000
Land market value
$429,000
Improvement market value
$1,000
Total market value
$430,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1909
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
2,187 SF
Lot
0.08 ac (3,300 SF)
Zoning code
NC2P-55 (M)
APN
170290-1035
UPID
US90-1033956
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Zoning NC2P-55 (M) · permitted uses
NC2P-55 (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
MEDICAL BUILDING Current
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$900,000
RETAIL STORES
Est. value
$875,000
OFFICE BUILDING
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$680,000
WAREHOUSE, STORAGE
Est. value
$645,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE 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
1909
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
3830 S Ferdinand LLC
Entity
Free & Clear · 4 yrs held
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2022
—
3830 S Ferdinand LLC
Jennifer C Hansen Das
Quit Claim Deed
related
—
Feb 26, 2021
$800,000
Jennifer C Hansen
Margaret Mansfield
Warranty Deed
$600,000 · Columbia State Bank
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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