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Property profile & analytics
OFF-MARKET
Estimated value
$9,115,000
Medical Office Space
4030 55th St, Seattle, WA 98105
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0697503
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,315 SF
Lot
0.36 ac (15,847 SF)
Zoning code
NC2P-40 (M)
APN
797470-0160
UPID
US90-0697503
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
-
Kenneth A. Hapke, PHD Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.77M
Blend (final)
Blend
$9.12M
Owner & transaction history
Springtree Professional LLC · 5 yrs held
Springtree Professional LLC
since 2021
Last sale
$9.2M
6 recorded transactions
Zoning & alternative use
NC2P-40 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.7M
+52.6%
Commercial (general)
$10.3M
+47.2%
Auto repair, garage
$8.4M
+19.7%
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
$9,125,000
ML approach
$9,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,985,000
Current use
RESTAURANT
$10,660,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,280,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,360,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$8,145,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,415,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$7,180,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$6,000,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$9.12M
Range $8.20M – $10.03M · ±10% · vs last sale $9.16M (Mar 12 2021)
Last sale anchor
$9.16M
Mar 12 2021
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
$449 / 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
$51,575
Tax year 2022
Assessed value
$5,982,700
Assessed 2022
Previous assessed
$5,982,700
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$4,120,200
Assessed improvement
$1,862,500
Land market value
$4,120,200
Improvement market value
$1,862,500
Total market value
$5,982,700
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
20,315 SF
Lot
0.36 ac (15,847 SF)
Zoning code
NC2P-40 (M)
APN
797470-0160
UPID
US90-0697503
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.0M
RESTAURANT
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$8.4M
RETAIL STORES
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$6.0M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Springtree Professional LLC
Entity
Mailing address
4540 SAND PT WAY NE STE #160, SEATTLE, WA 98105-3941
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2021
—
Springtree Professional LLC
—
Deed
related
$300,000 · First Citizens Bank & Trust Co
Mar 15, 2021
—
Springtree Professional LLC
—
Deed
related
$1,200,000 · Great Oaks Bank
Mar 12, 2021
$9,160,000
Springtree Professional LLC
Hawthorne Hills Professional Center
Warranty Deed
$7,947,500 · First Citizens Bank & Trust Co
Aug 29, 2019
—
Hawthorne Hills Professional Center
—
Deed
related
$3,200,000 · Mufg Union Bank NA
Jun 17, 2015
$5,184,000
Hawthorne Hills Professional Center
Hawthorne Hills Professional Center
Warranty Deed
related
$3,000,000 · Opus Bank
Jan 6, 1999
—
Hawthorne Hills Professional
Gode,richard O & Nancy K
Grant Deed
$1,450,000 · Cascade 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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