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Property profile & analytics
OFF-MARKET
Estimated value
$21,055,000
Office buildings
4311 11th NE Ave, Seattle, WA 98105-6366
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0847514
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
CONCRETE
Total area
135,051 SF
Lot
0.47 ac (20,600 SF)
Zoning code
SM-U 95-320 (M1)
APN
114200-0530
UPID
US90-0847514
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
-
Pierce Corcoran Physician
-
Industrious Coworking & Hybrid Office
-
Roosevelt Commons (RVC) University
-
Joyce Juntunen - Realtor at Ensemble Real Estate Agency
-
Summer Jeffrey Medical School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.06M
Owner & transaction history
4300 Roosevelt Commons Owner Wa LLC · 6 yrs held
4300 Roosevelt Commons Owner Wa LLC
since 2019
5 recorded transactions
Zoning & alternative use
SM-U 95-320 (M1) · 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
$156 / 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
$420,388
Tax year 2022
Assessed value
$51,299,000
Assessed 2022
Previous assessed
$51,299,000
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$12,875,000
Assessed improvement
$38,424,000
Land market value
$12,875,000
Improvement market value
$38,424,000
Total market value
$51,299,000
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
2002
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
6
Total area
135,051 SF
Lot
0.47 ac (20,600 SF)
Zoning code
SM-U 95-320 (M1)
APN
114200-0530
UPID
US90-0847514
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-U 95-320 (M1) · Seattle, WA
Zoning SM-U 95-320 (M1) · permitted uses
SM-U 95-320 (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.
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
6
Lot
0.47 ac
Current owner
From public records · entity-resolved
4300 Roosevelt Commons Owner Wa LLC
Entity
Mailing address
605 5TH AVE S STE #110, SEATTLE, WA 98104-3887
Ownership since
2019
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 13, 2019
$157,000,000
4300 Roosevelt Commons Owner Wa LLC
Dbre Roosevelt Commons LLC
Bargain And Sale Deed
$62,800,000 · Webster Bank NA
Sep 21, 2005
$94,500,000
Dbre Roosevelt Commons LLC
Roosevelt Commons LLC
Warranty Deed
—
Feb 15, 2002
—
Roosevelt Commons LLC
—
Deed Of Trust
related
$43,700,000 · Bank Of America
Jun 14, 2001
—
Roosevelt Commons LLC
—
Deed Of Trust
related
$4,370,000 · Bank Of America
—
—
Roosevelt Commons LLC
—
Deed Of Trust
related
$45,000,000 · Teachers Insurance & Annuity
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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