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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Retail space
4733 University NE Way Seattle, WA 98105-4412
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1171353
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,120 SF
Lot
0.09 ac (4,120 SF)
Zoning code
NC3P-65
APN
881640-0935
UPID
US90-1171353
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
-
ōLiv Seattle Leasing Office Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$945k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Dora Fournarakis · 9 yrs held
Dora Fournarakis
since 2016
7 recorded transactions
Zoning & alternative use
NC3P-65 · 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 Pedestrian
General category
COMMERCIAL
Zone area
31.74 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$169 / 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
$14,182
Tax year 2022
Assessed value
$1,649,000
Assessed 2022
Previous assessed
$1,649,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,648,000
Assessed improvement
$1,000
Land market value
$1,648,000
Improvement market value
$1,000
Total market value
$1,649,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Total area
4,120 SF
Lot
0.09 ac (4,120 SF)
Zoning code
NC3P-65
APN
881640-0935
UPID
US90-1171353
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-65 · Seattle, WAZoning NC3P-65 · permitted uses
NC3P-65 · 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. The Pedestrian designation is to preserve or encourage an intensely retail and pedestrian-oriented shopping district where non-auto modes of transportation to and within the district are strongly favored.
Zone name
Neighborhood Commercial Pedestrian
General category
COMMERCIAL
Zone area
31.74 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Dora Fournarakis
Individual
Mailing address
4008 78TH AVE SE, MERCER ISLAND, WA 98040-3921
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2016
—
Dora Fournarakis
Estate Of Nick Fournarakis
Intrafamily Transfer
related
$665,000 · Wells Fargo Bank NA
Apr 14, 2004
—
Nick Fournarakis
Xsi Properties INC
Grant Deed
related
—
Dec 4, 2003
$935,000
Xsi Properties INC
Lee,yong J
Grant Deed
$425,000 · Us Bank NA
Aug 8, 2001
$777,500
Yong J Lee
Jmnm Co INC
Grant Deed
$434,261 · Northwest International Bank
Jun 16, 1998
$350,000
Jmnm Company INC
Bender,helene G
Grant Deed
$367,500 · Pacific Coast Investment Co
—
—
Jmnm Co INC
—
Deed Of Trust
related
$135,000 · Individual
—
—
Yong J Lee
—
Deed Of Trust
related
$370,000 · Us Bank NA
—
—
Nick Fournarakis
—
Deed Of Trust
related
$50,000 · Boeing Employees Cu
—
—
Nick Fournarakis
—
Deed Of Trust
related
$200,000 · Boeing Employees Cu
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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