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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Medical Office Space
3941 Wallingford N Ave, Seattle, WA 98103-8247
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1591604
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1927
Construction
WOOD
Total area
2,928 SF
Lot
0.07 ac (3,052 SF)
Zoning code
NC1-40 (M)
APN
408330-2398
UPID
US90-1591604
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
-
Dr. Imahn Moin Dental Office
-
Wallingford Dental Care Dental Office
-
Miller Susan S DDS Dental Office
-
Dr. Diane R. Ruyle, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.23M
Owner & transaction history
Mre Holdings LLC · 5 yrs held
Mre Holdings LLC
since 2020
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
NC1-40 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+19.7%
Office building
$1.2M
+15.1%
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
$1,215,000
ML approach
$1,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,005,000
Current use
AUTO REPAIR, GARAGE
$1,205,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$1,160,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$865,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.25M (Nov 13 2020)
Last sale anchor
$1.25M
Nov 13 2020
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
$418 / 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
$9,095
Tax year 2022
Assessed value
$1,047,200
Assessed 2022
Previous assessed
$1,047,200
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$793,500
Assessed improvement
$253,700
Land market value
$793,500
Improvement market value
$253,700
Total market value
$1,047,200
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
DENTAL BUILDING
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,928 SF
Lot
0.07 ac (3,052 SF)
Zoning code
NC1-40 (M)
APN
408330-2398
UPID
US90-1591604
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1-40 (M) · Seattle, WA
Zoning NC1-40 (M) · permitted uses
NC1-40 (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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$865,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1927
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Mre Holdings LLC
Entity
Mailing address
3941 WALLINGFORD AVE N, SEATTLE, WA 98103-8247
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2020
$1,250,000
Mre Holdings LLC
Diane R Mcintyre
Warranty Deed
$1,190,000 · Live Oak Banking Company
Nov 4, 1988
—
Diane Mcintyre
Mcintyre,howard
Quit Claim Deed
related
—
—
—
Diane R Mc Intyre
—
Deed Of Trust
related
$250,000 · Bank Of The Pacific
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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