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Property profile & analytics
FOR LEASE
Medical Office Space
4915 25Th Ave Northeast, Seattle, WA 98105
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1340395
For Lease
$13,705,000
4915 25Th Ave Northeast, Seattle, WA 98105
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
CONCRETE
Total area
102,290 SF
Lot
0.81 ac (35,207 SF)
Zoning code
NC2-55 (M)
APN
717480-0132
UPID
US90-1340395
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
-
new32 Aesthetic and Family Dentistry Dental Office
-
Seattle Special Care Dentistry Dental Office
-
Spivey Amanda Y DDS Dental Office
-
Northcut Orthodontics - Reid J. Winkler DDS MSD & Samuel A. Finkleman DDS MSD Dental Office
-
Amy M Winston, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.71M
Owner & transaction history
Northcut Holdings LLC · 13 yrs held
Northcut Holdings LLC
since 2012
7 recorded transactions
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$134 / 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
$190,150
Tax year 2022
Assessed value
$22,602,100
Assessed 2022
Previous assessed
$22,602,100
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$11,618,300
Assessed improvement
$10,983,800
Land market value
$11,618,300
Improvement market value
$10,983,800
Total market value
$22,602,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
102,290 SF
Lot
0.81 ac (35,207 SF)
Zoning code
NC2-55 (M)
APN
717480-0132
UPID
US90-1340395
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Zoning NC2-55 (M) · permitted uses
NC2-55 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.81 ac
Current owner
From public records · entity-resolved
Northcut Holdings LLC
Entity
Mailing address
2811 E MADISON ST STE #300, SEATTLE, WA 98112-4884
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
—
Northcut Holdings LLC
—
Deed
related
$23,500,000 · Homestreet Bank
Jun 7, 2016
—
Northcut Holdings LLC
—
Deed
related
$25,600,000 · Homestreet Bank
Nov 30, 2012
—
Northcut Holdings LLC
5001 25th Ave Ne LLC
Warranty Deed
$26,500 · Homestreet Bank
Apr 25, 2007
—
5001 25th Ave Ne LLC
—
Trustees Deed
related
$2,500,000 · Homestreet Bank
Oct 21, 2005
—
5001 25th Ave Ne LLC
—
Trustees Deed
related
$22,500,000 · Homestreet Bank
Jul 19, 2005
$284,334
Peter B Olson
Olson,donald A & Francella
Quit Claim Deed
related
—
Jul 19, 2005
—
Peter B Olson
Olson,donald A & Francella
Quit Claim Deed
related
—
—
—
Donald Olson
—
Deed Of Trust
related
$800,000 · Shoreline Bank
—
—
Donald Olson
—
Deed Of Trust
related
$250,000 · Shoreline Bank
—
—
Donald A Olson
—
Deed Of Trust
related
$1,200,000 · Shoreline Bank
—
—
5001 25th Avenue Ne LLC
—
Deed Of Trust
related
$3,000,000 · Homestreet Bank
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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