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Property profile & analytics
FOR LEASE
Investment properties
4219 South Othello St Seattle, WA 98118
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-1571169
For Lease
$29,515,000
4219 South Othello St, Seattle, WA 98118
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
234,468 SF
Lot
1.86 ac (81,041 SF)
Zoning code
NC3P-95 (M)
APN
100500-0168
UPID
US90-1571169
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
-
Banner Bank Mortgage Lending Loan Service Bank
-
Bang Bang Kitchen Taco Restaurant Southwestern Restaurant (Us)
-
Dr. Geoffrey Bean Dental Office
-
Deo Valente Cafe Cafe & Coffee Shop
-
The Station at Othello Park Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.52M
Owner & transaction history
Station At Othello Park LLC · 12 yrs held
Station At Othello Park LLC
since 2014
7 recorded transactions
Zoning & alternative use
NC3P-95 (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
$126 / 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
$114,982
Tax year 2022
Assessed value
$12,280,900
Assessed 2022
Previous assessed
$12,280,900
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$9,319,700
Assessed improvement
$2,961,200
Land market value
$9,319,700
Improvement market value
$2,961,200
Total market value
$12,280,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
CENTRAL
Stories
7
Units
351
Total area
234,468 SF
Lot
1.86 ac (81,041 SF)
Zoning code
NC3P-95 (M)
APN
100500-0168
UPID
US90-1571169
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-95 (M) · Seattle, WA
Zoning NC3P-95 (M) · permitted uses
NC3P-95 (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
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
7
Units
351
Lot
1.86 ac
Current owner
From public records · entity-resolved
Station At Othello Park LLC
Entity
Mailing address
4219 S OTHELLO ST, SEATTLE, WA 98118-3892
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2021
—
Station At Othello Park LLC
—
Deed
related
$46,000,000 · Bayerische Landesbank
Jul 17, 2014
$74,766,000
Station At Othello Park LLC
South Othello Street LLC
Grant Deed
$37,500,000 · Cbre Multifamily Cap
Jun 27, 2008
$8,400,000
South Othello Street LLC
Ohello LLC
Warranty Deed
—
Dec 3, 2004
$2,750,000
Ohello LLC
Mycon Real Estate Invs LLC
Warranty Deed
$2,100,000 · Bank Of America
Feb 3, 2004
—
Central Puget Sound Regional
Mycon Real Estate Invest LLC
Grant Deed
related
—
May 28, 2002
—
Mycon Real Estate Investments
Mycon,al
Quit Claim Deed
related
—
Jun 23, 1989
—
Steve Mycon
Mycon,al
Quit Claim Deed
related
—
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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