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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Assisted living facilities
4700 Admiral Way Seattle, WA 98116-2316
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-0767435
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,643 SF
Lot
1.48 ac (64,469 SF)
Zoning code
LR1 (M)
APN
927620-0910
UPID
US90-0767435
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
-
Aegis Living West Seattle Nursing Home Retirement Community
-
Boomer Plus at Aegis of West Seattle Business Networking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Asc Admiral Way LLC · 9 yrs held
Asc Admiral Way LLC
since 2016
7 recorded transactions
Zoning & alternative use
LR1 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes low density multi family uses, primarily rowhouse and townhouse developments, through infill development that is compatible with single family dwelling units, or through the conversion of existing single family dwelling units to duplexes or triplexes. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
2,332.19 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
$62 / 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
$174,585
Tax year 2022
Assessed value
$20,552,400
Assessed 2022
Previous assessed
$20,552,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$8,058,600
Assessed improvement
$12,493,800
Land market value
$8,058,600
Improvement market value
$12,493,800
Total market value
$20,552,400
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Stories
3
Units
83
Total area
26,643 SF
Lot
1.48 ac (64,469 SF)
Zoning code
LR1 (M)
APN
927620-0910
UPID
US90-0767435
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR1 (M) · Seattle, WAZoning LR1 (M) · permitted uses
LR1 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes low density multi family uses, primarily rowhouse and townhouse developments, through infill development that is compatible with single family dwelling units, or through the conversion of existing single family dwelling units to duplexes or triplexes. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
2,332.19 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
3
Units
83
Lot
1.48 ac
Current owner
From public records · entity-resolved
Asc Admiral Way LLC
Entity
Free & Clear · 9 yrs held
Mailing address
415 118TH AVE SE, BELLEVUE, WA 98005-3518
Ownership since
2016
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
May 26, 2022
—
Asc Admiral Way LLC
—
Deed
related
$50,753,000 · Wells Fargo Bank NA
Oct 11, 2016
$3,650,000
Asc Admiral Way LLC
West Seattle Medical Invtrs Ll
Grant Deed
related
—
Aug 1, 2016
—
Asc Admiral Way LLC
—
Deed
related
—
Dec 19, 2013
$3,650,000
Asc Admiral Way LLC
West Seattle Medical Invtrs Ll
Grant Deed
$2,372,500 · Washington Trust Bank
Sep 12, 2000
—
West Seattle Medical LLC
West Seattle Medical Investors
Quit Claim Deed
related
$469,215,000 · Column Financial INC
May 9, 1996
$2,900,000
West Seattle Medical Investors
Wsm Properties INC
Grant Deed
$3,333,330 · Meditrust Mortgage Investments
Mar 23, 1994
$800,000
W S M Properties INC
Nelson Trust
Grant Deed
$1,200,000 · Alex Shulman Trustee
—
—
West Seattle Medical Investors
—
Deed Of Trust
related
$2,571,600 · Capital Funding INC
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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