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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Investment properties
400 43rd St Seattle, WA 98103-7106
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-1301211
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1912
Construction
WOOD
Total area
3,008 SF
Lot
0.06 ac (2,500 SF)
Zoning code
LR1 (M)
APN
812970-0541
UPID
US90-1301211
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
-
Valley Medical Center: Snyder Sean M MD Physician
-
Birth Center & Neonatal Icu At Medical Clinic
-
Erica Brandling-Bennett, PhD, Neuro-psychologist Physician Medical Clinic
-
Adult Neurology Clinic - Neuroscience Institute - Valley Medical Center Medical Clinic
-
Lactation Services - 2nd Floor Birthing Center - Valley Medical Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
Forty Three Phinney LLC · 14 yrs held
Forty Three Phinney LLC
since 2012
5 recorded transactions
Zoning & alternative use
LR1 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes low density multi family uses, primarily rowhouse and townhouse developments, through infill development that is compatible with single family dwelling units, or through the conversion of existing single family dwelling units to duplexes or triplexes. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
2,332.19 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$256 / 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
$8,195
Tax year 2022
Assessed value
$970,300
Assessed 2022
Previous assessed
$970,300
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$512,500
Assessed improvement
$457,800
Land market value
$512,500
Improvement market value
$457,800
Total market value
$970,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1912
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
3,008 SF
Lot
0.06 ac (2,500 SF)
Zoning code
LR1 (M)
APN
812970-0541
UPID
US90-1301211
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR1 (M) · Seattle, WAZoning LR1 (M) · permitted uses
LR1 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes low density multi family uses, primarily rowhouse and townhouse developments, through infill development that is compatible with single family dwelling units, or through the conversion of existing single family dwelling units to duplexes or triplexes. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
2,332.19 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1912
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Forty Three Phinney LLC
Entity
Mailing address
400 N 43RD ST, SEATTLE, WA 98103-7106
Ownership since
2012
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 6, 2019
—
Forty Three Phinney LLC
—
Deed
related
$480,000 · Us Bank NA
Jun 13, 2012
$850,000
Forty Three Phinney LLC
Fortunoff,saul L
Warranty Deed
$450,000 · Saul Fortunoff
Apr 21, 1989
$70,000
Saul L Fortunoff
Phinney St Coop
Grant Deed
$55,300 · Company Misc
—
—
Saul L Fortunoff
—
Deed Of Trust
related
$82,000 · Phinney Street Corp INC
—
—
Saul Fortunoff
—
Deed Of Trust
related
$80,000 · Fremont Nbrhd Fund
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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