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Property profile & analytics
OFF-MARKET
Estimated value
$8,945,000
Office buildings
4045 Delridge SW Way, Seattle, WA 98106-1278
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1314138
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
CONCRETE
Total area
55,593 SF
Lot
1.89 ac (82,403 SF)
Zoning code
C1-75 (M)
APN
244460-0005
UPID
US90-1314138
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
-
West Seattle Family Connection Center Government Office
-
DCFS-OICW Government Office
-
Indian Child Welfare Office Government Office
-
Community Services Office Community Center
-
A&K Garage Doors Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.00M
Blend (final)
Blend
$8.95M
Owner & transaction history
Daniel J Jenkins · 20 yrs held
Daniel J Jenkins
since 2005
7 recorded transactions
Zoning & alternative use
C1-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.95M
Range $8.05M – $9.84M · ±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
$161 / 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
$105,686
Tax year 2022
Assessed value
$11,412,800
Assessed 2022
Previous assessed
$11,412,800
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$9,064,300
Assessed improvement
$2,348,500
Land market value
$9,064,300
Improvement market value
$2,348,500
Total market value
$11,412,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
GAS
Cooling
AC.PACKAGE
Stories
3
Total area
55,593 SF
Lot
1.89 ac (82,403 SF)
Zoning code
C1-75 (M)
APN
244460-0005
UPID
US90-1314138
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-75 (M) · Seattle, WA
Zoning C1-75 (M) · permitted uses
C1-75 (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.
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE
Heating
GAS
Cooling
Yes
Stories
3
Lot
1.89 ac
Current owner
From public records · entity-resolved
Daniel J Jenkins
Individual
Mailing address
3023 80TH AVE SE STE #201, MERCER ISLAND, WA 98040-6014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
—
Weiss-jenkins II LLC
—
Deed
related
$7,200,000 · Boeing Emps Cu
Dec 6, 2016
—
Weiss Jenkins II LLC
—
Deed
related
$5,350,000 · Boeing Employees Cu
Jul 7, 2009
—
Weiss-jenkins II LLC
—
Deed Of Trust
related
$1,250,000 · Commerce Bank Of Washington
Dec 15, 2005
—
Daniel J Jenkins
Weiss-jenkins II LLC
Quit Claim Deed
related
—
Dec 31, 2002
—
Weiss-jenkins II LLC
Jenkins,daniel J & Kelly A
Quit Claim Deed
related
—
Jun 1, 2000
$8,178,000
F S W Corp
Moon & Hart Partnership
Grant Deed
$4,630,000 · Homestreet Bank
—
—
Weiss-jenkins II LLC
—
Deed Of Trust
related
$1,190,000 · Commerce Bank Of Washington
—
—
Weiss-jenkins II LLC
—
Deed Of Trust
related
$3,650,000 · Commerce Bank Of Washington
—
—
Weiss-jenkins II LLC
—
Loan Modification
related
$7,200,000 · Boeing Emps Cu
—
—
Weiss-jenkins II LLC
—
Deed Of Trust
related
$1,550,000 · Washington Trust Bank
—
—
Weiss-jenkins II LLC
—
Deed Of Trust
related
$244,524 · Homestreet Bank
—
—
Weiss-jenkins II LLC
—
Deed Of Trust
related
$150,000 · Commerce Bk/wa
—
—
Moon
—
Deed Of Trust
related
$4,237,500 · Us Bank Of Washington
—
—
Weiss-jenkins II LLC
—
Deed Of Trust
related
—
—
—
Weiss-jenkins II LLC
—
Deed Of Trust
related
$800,000 · Commerce Bank Of Washington
—
—
Weiss-jenkins II LLC
—
Deed Of Trust
related
$5,200,000 · Homestreet 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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