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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Retail space
4501 Roosevelt NE Way Seattle, WA 98105-4721
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1428780
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,140 SF
Lot
1.23 ac (53,796 SF)
Zoning code
SM-U 95-320 (M1)
APN
533520-0380
UPID
US90-1428780
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
-
Spirit Halloween (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.40M
Blend (final)
Blend
$2.68M
Owner & transaction history
University Center LLC · 11 yrs held
University Center LLC
since 2015
7 recorded transactions
Zoning & alternative use
SM-U 95-320 (M1) · Seattle, WA
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
$2.68M
Range $2.41M – $2.95M · ±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
$148 / 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
$283,131
Tax year 2022
Assessed value
$33,623,500
Assessed 2022
Previous assessed
$33,623,500
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$33,622,500
Assessed improvement
$1,000
Land market value
$33,622,500
Improvement market value
$1,000
Total market value
$33,623,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
18,140 SF
Lot
1.23 ac (53,796 SF)
Zoning code
SM-U 95-320 (M1)
APN
533520-0380
UPID
US90-1428780
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-U 95-320 (M1) · Seattle, WAZoning 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
Source
Municipal Code
Building & site characteristics
From public records
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
University Center LLC
Entity
Mailing address
617 EASTLAKE AVE E #34, SEATTLE, WA 98109-5681
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2023
—
University Center LLC
—
Deed
related
$35,000,000 · Jpmorgan Chase Bank NA
Nov 24, 2020
—
University Center LLC
—
Deed
related
$3,800,000 · Washington Trust Bank
Oct 16, 2020
—
University Center LLC
—
Deed
related
$47,113,919 · Washington Tr Bk
Sep 14, 2017
—
University Center LLC
—
Deed
related
$47,962,548 · Washington Tr Bk
Jan 30, 2015
$13,700,000
University Center LLC
University Ents INC
Warranty Deed
—
Sep 12, 2014
—
Bruce M Blume
—
Loan Modification
related
$5,825,000 · Washington Tr Bk
Apr 29, 2010
—
Bruce M Blume
—
Deed Of Trust
related
$3,000,000 · Washington Trust Bank
—
—
Bruce M Blume
—
Deed Of Trust
related
$9,270,000 · Washington Trust Bank
—
—
Bruce M Blume
—
Deed Of Trust
related
$19,745,000 · Washington Trust Bank
—
—
University Center LLC
—
Loan Modification
related
$49,944,111 · Washington Tr Bk
—
—
Bruce M Blume
—
Deed Of Trust
related
$9,000,000 · Washington Trust Bank
—
—
Bruce M Blume
—
Loan Modification
related
$11,099,861 · Washington Trust Bank
—
—
Bruce M Blume
—
Deed Of Trust
related
$9,000,000 · Washington Trust Bank
—
—
Bruce M Blume
—
Deed Of Trust
related
$4,000,000 · Washington Trust Bank
—
—
Bruce M Blume
—
Deed Of Trust
related
$14,300,000 · Washington Trust Bank
—
—
Bruce M Blume
—
Deed Of Trust
related
$3,000,000 · Washington Trust Bank
—
—
University Center LLC
—
Loan Modification
related
$47,962,548 · Washington Tr Bk
—
—
University Center LLC
—
Loan Modification
related
$47,113,919 · Washington Tr Bk
—
—
Bruce M Blume
—
Deed Of Trust
related
$5,000,000 · Seafirst 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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