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Property profile & analytics
OFF-MARKET
Estimated value
$2,305,000
Office buildings
4138 California SW Ave, Seattle, WA 98116-4928
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1063860
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
WOOD
Total area
4,896 SF
Lot
0.13 ac (5,750 SF)
Zoning code
NC1-65 (M1)
APN
095200-2260
UPID
US90-1063860
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
-
Katie Stallman, LICSW, CGE Counselor
-
Greene Information Systems Tech Support Center IT Consulting Firm
-
Your Adoptive Family Family Counselor Physical Therapy Clinic
-
Launch Industries Business Management Consultant
-
Spring Hecht Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.26M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$2.31M
Owner & transaction history
Greene Information Systems INC · 3 yrs held
Greene Information Systems INC
since 2023
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
NC1-65 (M1) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+43.2%
Auto repair, garage
$2.0M
+16.4%
Retail stores
$2.0M
+13.5%
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
$2,270,000
ML approach
$2,255,000
CAP Approach
CAP Return
Estimation
6%
$1,530,000
6.5%
$1,410,000
7%
$1,310,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,730,000
Current use
COMMERCIAL (GENERAL)
$2,475,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,015,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,965,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$1,685,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,445,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.07M – $2.54M · ±10% · vs last sale $2.35M (Oct 31 2022)
Last sale anchor
$2.35M
Oct 31 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
$471 / 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
$13,998
Tax year 2022
Assessed value
$1,610,100
Assessed 2022
Previous assessed
$1,610,100
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,035,000
Assessed improvement
$575,100
Land market value
$1,035,000
Improvement market value
$575,100
Total market value
$1,610,100
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
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Total area
4,896 SF
Lot
0.13 ac (5,750 SF)
Zoning code
NC1-65 (M1)
APN
095200-2260
UPID
US90-1063860
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1-65 (M1) · Seattle, WA
Zoning NC1-65 (M1) · permitted uses
NC1-65 (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
OFFICE BUILDING Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
1960
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Greene Information Systems INC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
—
Greene Information Systems INC
Greene Land Grab 2 LLC
Lease
—
Jan 6, 2023
—
Northwest Business Development Asso
Greene Land Grab 2 LLC
Assignment Of Lease (leasehold Sale)
$969,000 · Northwest Business Development Associati
Nov 14, 2022
—
Greene Land Grab 2 LLC
—
Deed
related
$940,000 · Jpmorgan Chase Bank NA
Oct 31, 2022
$2,349,900
Greene Land Grab 2 LLC
Mark D Knightly
Warranty Deed
$1,880,000 · Jpmorgan Chase Bank NA
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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