Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Assisted living facilities
4611 35th SW Ave Seattle, WA 98126-2761
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1183817
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2003
Construction
CONCRETE
Total area
56,700 SF
Lot
0.42 ac (18,300 SF)
Zoning code
NC3-75 (M)
APN
095200-8285
UPID
US90-1183817
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
-
Access Parking Lot & Garage
-
Independence Rehab Inc Medical Clinic
-
Brookdale West Seattle Nursing Home Retirement Community
-
The Style Studio Plumbing Service General Contractor
-
Purpose (Bike/Boat/Book/etc) Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
Cbyw West Seattle Propco LLC · 9 yrs held
Cbyw West Seattle Propco LLC
since 2017
7 recorded transactions
Zoning & alternative use
NC3-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business supp…
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
298.58 ac
Source
Realmo
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
$37 / 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
$171,873
Tax year 2022
Assessed value
$20,742,900
Assessed 2022
Previous assessed
$20,742,900
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$4,117,500
Assessed improvement
$16,625,400
Land market value
$4,117,500
Improvement market value
$16,625,400
Total market value
$20,742,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
CENTRAL
Stories
6
Units
81
Total area
56,700 SF
Lot
0.42 ac (18,300 SF)
Zoning code
NC3-75 (M)
APN
095200-8285
UPID
US90-1183817
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M) · Seattle, WAZoning NC3-75 (M) · permitted uses
NC3-75 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business support services, and residences that are compatible with the retail character of the area. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
298.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2003
Construction
CONCRETE
Heating
CENTRAL
Stories
6
Units
81
Lot
0.42 ac
Current owner
From public records · entity-resolved
Cbyw West Seattle Propco LLC
Entity
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Cbyw West Seattle Propco LLC
—
Deed
related
$9,420,000 · Keybank USA
Mar 3, 2017
$10,070,000
Cbyw West Seattle Propco LLC
Mgp 43 LLC
Grant Deed
$6,896,000 · Keybank USA
Sep 16, 2010
—
Mgp 43 LLC
Wsa Investment LLC
Quit Claim Deed
related
—
Mar 20, 2002
—
Wsa Investments LLC
—
Trustees Deed
related
$7,800,000 · Washington Trust Bank
Jan 4, 2002
$1,050,000
Wsa Investments LLC
Mullingan,william P & Penelope L
Grant Deed
—
Nov 8, 1988
$250,000
Seattle Eye West
Kuppler
Grant Deed
$317,500 · Seattle-first National Bank
—
—
Wsa Investments LLC
—
Deed Of Trust
related
$10,125,000 · Us Bank NA
—
—
Wsa Investments LLC
—
Deed Of Trust
related
$10,046,000 · Arcs Commercial Mortgage Co LP
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4611 35th SW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
