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Property profile & analytics
OFF-MARKET
Medical Office Space
4511 Densmore N Ave, Seattle, WA 98103-6783
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1544604
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1914
Construction
WOOD
Total area
1,470 SF
Lot
0.08 ac (3,300 SF)
Zoning code
LR2 RC (M)
APN
408380-3040
UPID
US90-1544604
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
-
soma ecology Physician
-
Hall Carol E Family Counselor
-
Women's Therapy Groups of Seattle Psychotherapist
-
Sherri Hainje Counseling Counselor
-
Andrea V. Swope, Lac Alternative Medicine Practice Acupuncture
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
Bitzer LLC · 6 yrs held
Bitzer LLC
since 2019
7 recorded transactions
Zoning & alternative use
LR2 RC (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
$6,414
Tax year 2022
Assessed value
$727,000
Assessed 2022
Previous assessed
$727,000
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$726,000
Assessed improvement
$1,000
Land market value
$726,000
Improvement market value
$1,000
Total market value
$727,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1914
Construction
WOOD
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
1,470 SF
Lot
0.08 ac (3,300 SF)
Zoning code
LR2 RC (M)
APN
408380-3040
UPID
US90-1544604
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR2 RC (M) · Seattle, WA
Zoning LR2 RC (M) · permitted uses
LR2 RC (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
1914
Construction
WOOD
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Bitzer LLC
Entity
Free & Clear · 6 yrs held
Mailing address
6337 50TH AVE SW, SEATTLE, WA 98136-1338
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
$1,040,000
Bitzer LLC
Nandina Investments LLC
Warranty Deed
—
Sep 20, 2001
—
Nandina Investments LLC
Leversee,robert O & Heidi H
Quit Claim Deed
related
—
Jul 3, 2000
$285,000
Robert O Leversee
Whitley,daryl J & Greta M
Grant Deed
$100,000 · Bay Mortgage
May 16, 1996
$166,225
Greta Musland
Harold L Woods Estate
Grant Deed
$116,225 · Pk & T INC
Mar 31, 1994
$158,000
Harold L Woods
Nychay,thomas &
Grant Deed
—
Aug 17, 1990
$145,000
Thomas Nychay
Red Hot Sallies
Grant Deed
$95,700 · Pacific First Fsb
Nov 16, 1989
$96,250
Red,hot Sallies Enterp
Mcmurray
Trustees Deed
$25,000 · Seller
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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