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Property profile & analytics
OFF-MARKET
Estimated value
$5,770,000
Banks
404 85th St Seattle, WA 98103-3702
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0084069
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,328 SF
Lot
0.61 ac (26,606 SF)
Zoning code
NC2P-65 (M1)
APN
643150-0310
UPID
US90-0084069
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
-
Bank of America ATM Atm
-
Bank of America Financial Center Bank Loan Service
-
Bronson Chimney Sweep & Dryer Vent Cleaning General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.74M
Blend (final)
Blend
$5.77M
Owner & transaction history
S Properties LLC · 3 yrs held
S Properties LLC
since 2022
Last sale
$6.4M
5 recorded transactions
Zoning & alternative use
NC2P-65 (M1) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.0M
+8.1%
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
$5,160,000
ML approach
$5,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$6,475,000
Current use
RESTAURANT
$6,995,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,485,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$5,275,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.77M
Range $5.19M – $6.35M · ±10% · vs last sale $6.35M (Dec 15 2022)
Last sale anchor
$6.35M
Dec 15 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
$433 / 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
$55,798
Tax year 2022
Assessed value
$6,253,400
Assessed 2022
Previous assessed
$6,253,400
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$6,252,400
Assessed improvement
$1,000
Land market value
$6,252,400
Improvement market value
$1,000
Total market value
$6,253,400
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Total area
13,328 SF
Lot
0.61 ac (26,606 SF)
Zoning code
NC2P-65 (M1)
APN
643150-0310
UPID
US90-0084069
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-65 (M1) · Seattle, WA
Zoning NC2P-65 (M1) · permitted uses
NC2P-65 (M1) · 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
FINANCIAL BUILDING Current
Est. value
$6.5M
RESTAURANT
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.3M
FINANCIAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
S Properties LLC
Entity
Mailing address
101 SW GRADY WAY, RENTON, WA 98057-3122
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
$6,353,400
S Properties LLC
Dl 85 LLC
Warranty Deed
—
Dec 19, 2018
—
Dl 85 LLC
—
Deed
related
$1,000,000 · Tsai Frank & Fannie F/tr (rt)
Feb 7, 2017
$735,000
Dl 85 LLC
First States Invtrs 5200 LLC
Grant Deed
—
Oct 20, 2004
$563,192
First States Investors 5200 Ll
Bank Of America NA
Grant Deed
related
—
—
—
Dl 85 LLC
—
Deed Of Trust
related
$1,000,000 · Tsai Frank & Fannie F/tr (rt)
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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