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Property profile & analytics
OFF-MARKET
Parking lots & garages
4539 8th NE Ave Seattle, WA 98105-4789
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1091994
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1909
Total area
2,760 SF
Lot
0.11 ac (4,815 SF)
Zoning code
MR
APN
881240-0200
UPID
US90-1091994
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
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
Lightbox LLC · 11 yrs held
Lightbox LLC
since 2014
6 recorded transactions
Zoning & alternative use
MR · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
in a MR or HR zone is the base height permitted in that zone for multifamily structures. 3. In lowrise zones, departures from height limits may be granted or required pursuant to the procedures and criteria set forth in
Zone name
Midrise
General category
RESIDENTIAL
Zone area
165.52 ac
Source
Municipal Code
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
$13,435
Tax year 2022
Assessed value
$1,540,800
Assessed 2022
Previous assessed
$1,540,800
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,540,800
Land market value
$1,540,800
Total market value
$1,540,800
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1909
Heating
HOT WATER
Stories
2
Bathrooms
2
Total area
2,760 SF
Lot
0.11 ac (4,815 SF)
Zoning code
MR
APN
881240-0200
UPID
US90-1091994
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MR · Seattle, WAZoning MR · permitted uses
MR · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
in a MR or HR zone is the base height permitted in that zone for multifamily structures. 3. In lowrise zones, departures from height limits may be granted or required pursuant to the procedures and criteria set forth in
Zone name
Midrise
General category
RESIDENTIAL
Zone area
165.52 ac
Source
Municipal Code
Building & site characteristics
From public records
Year built
1909
Heating
HOT WATER
Stories
2
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lightbox LLC
Entity
Mailing address
1745 SHEA CTR DR STE #200, HIGHLANDS RANCH, CO 80129-1540
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2014
$45,257,000
Lightbox LLC
8th & University Dev LLC
Grant Deed
—
Mar 4, 2013
—
8th & University Dev LLC
—
Trustees Deed
related
$20,500,000 · California Bank & Trust
Sep 4, 2012
$4,750,000
8th & University Dev LLC
Steil,robert L & Robert L
Warranty Deed
—
Feb 28, 2007
—
Robert L Steil
Larison-steil,janet
Quit Claim Deed
related
$490,000 · Network Mortgage Services INC
Jul 31, 1996
—
Robert L Steil
Steil Trust
Quit Claim Deed
related
$179,200 · Home Savings Of America
—
—
Robert L Steil
—
Deed Of Trust
related
$148,633 · Steil Robert L Trust (pt)
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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