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Property profile & analytics
OFF-MARKET
Office buildings
4208 Leary NW Way, Seattle, WA 98107-4535
Entity Owned
11-yr Hold
Property ID
US90-1717923
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1911
Construction
WOOD
Total area
2,237 SF
Lot
0.05 ac (2,072 SF)
Zoning code
C1-55 (M)
APN
251600-0230
UPID
US90-1717923
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
-
Carie Winchell Counselor
-
Dr. Caitlin Fanning, ND Alternative Medicine Practice
-
Kathleen Pratt, ND Alternative Medicine Practice
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Bloom Wellness Gym & Fitness Center Alternative Medicine Practice
-
Facilitated Health & Healing Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
4208 Leary Building LLC · 11 yrs held
4208 Leary Building LLC
since 2015
7 recorded transactions
Zoning & alternative use
C1-55 (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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,484
Tax year 2022
Assessed value
$756,000
Assessed 2022
Previous assessed
$756,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$445,400
Assessed improvement
$310,600
Land market value
$445,400
Improvement market value
$310,600
Total market value
$756,000
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
1911
Construction
WOOD
Heating
FORCED AIR
Stories
2
Bathrooms
2
Total area
2,237 SF
Lot
0.05 ac (2,072 SF)
Zoning code
C1-55 (M)
APN
251600-0230
UPID
US90-1717923
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-55 (M) · Seattle, WA
Zoning C1-55 (M) · permitted uses
C1-55 (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
1911
Construction
WOOD
Heating
FORCED AIR
Stories
2
Bathrooms
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
4208 Leary Building LLC
Entity
Mailing address
5219 32ND AVE S, SEATTLE, WA 98118-6105
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2020
—
4208 Leary Building LLC
—
Deed
related
$297,000 · Jpmorgan Chase Bank NA
Apr 17, 2015
$655,000
4208 Leary Building LLC
Eden Arts LLC
Warranty Deed
$331,630 · Homestreet Bank
Mar 13, 2006
—
Eden Arts LLC
Mcguire,curtis C & Michelle M
Warranty Deed
—
Feb 7, 2006
$475,000
Curtis C Mcguire
Benjamin Hankins
Warranty Deed
$380,000 · Arboretum Mortgage Corp
May 22, 2003
$230,000
Benjamin Hankins
Peterson,frank R
Grant Deed
$172,500 · Washington Mutual Fsb
Nov 10, 1988
—
Frank R Peterson SR
Peterson,elizabe
Quit Claim Deed
related
—
—
—
Frank S Peterson
—
Deed Of Trust
related
$46,000 · Bank Of America
—
—
Benjamin Hankins
—
Deed Of Trust
related
$308,000 · Option One Mortgage Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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