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Property profile & analytics
OFF-MARKET
Estimated value
$7,145,000
Assisted living facilities
4831 35th SW Ave Seattle, WA 98126-2709
Individually Owned
Free & Clear
Property ID
US90-1000300
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1937
Construction
WOOD
Total area
296,475 SF
Lot
8.72 ac (379,843 SF)
Zoning code
LR3 (M)
APN
232403-9001
UPID
US90-1000300
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
-
Providence Elder Place - West Seattle Medical Clinic
-
Providence Mount St. Vincent Nursing Home
-
TYLER MORTENSEN Physician
-
DAVID JOHN ROESEL Physician
-
Dr. Catherine Jin Geriatric Care Provider
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.15M
Owner & transaction history
NOT AVAILABLE FROM DATA SOURCE
NOT AVAILABLE FROM DATA SOURCE
Zoning & alternative use
LR3 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multi family uses, in a variety of multifamily housing types in multifamily neighborhoods of moderate scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
2,042.31 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
$24 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$48,293
Tax year 2024
Assessed value
$85,057,800
Assessed 2023
Previous assessed
$85,057,800
+0.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$55,077,200
Assessed improvement
$29,980,600
Land market value
$55,077,200
Improvement market value
$29,980,600
Total market value
$85,057,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1937
Construction
WOOD
Heating
HOT WATER
Buildings
2
Stories
5
Units
335
Total area
296,475 SF
Lot
8.72 ac (379,843 SF)
Zoning code
LR3 (M)
APN
232403-9001
UPID
US90-1000300
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR3 (M) · Seattle, WAZoning LR3 (M) · permitted uses
LR3 (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 multi family uses, in a variety of multifamily housing types in multifamily neighborhoods of moderate scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
2,042.31 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1937
Construction
WOOD
Heating
HOT WATER
Stories
5
Buildings
2
Units
335
Lot
8.72 ac
Current owner
From public records · entity-resolved
NOT AVAILABLE FROM DATA SOURCE
Individual
Free & Clear · 0 yrs held
Mailing address
1801 LIND AVE SW, RENTON, WA 98057-3368
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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