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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Investment properties
5236 California SW Ave Seattle, WA 98136-1244
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1707998
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,036 SF
Lot
0.17 ac (7,500 SF)
Zoning code
NC2-40 (M)
APN
762570-0445
UPID
US90-1707998
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
-
Gerard M. Zanolli, M.D. Physician
-
Sean M. Scott, LMP Physician
-
Seaview Park Apartment Building
-
Meredith Ellis Spa & Massage Center Alternative Medicine Practice
-
M3 Bodyworks Massage Clinic Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.05M
Owner & transaction history
Seaview Group LLC · 4 yrs held
Seaview Group LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
NC2-40 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+3.7%
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
$2,020,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,055,000
Current use
RESTAURANT
$3,170,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,485,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.85M – $2.26M · ±10% · vs last sale $2.49M (Mar 25 2022)
Last sale anchor
$2.49M
Mar 25 2022
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
$340 / 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
$24,447
Tax year 2022
Assessed value
$2,863,000
Assessed 2022
Previous assessed
$2,863,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,050,000
Assessed improvement
$1,813,000
Land market value
$1,050,000
Improvement market value
$1,813,000
Total market value
$2,863,000
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
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
6
Total area
6,036 SF
Lot
0.17 ac (7,500 SF)
Zoning code
NC2-40 (M)
APN
762570-0445
UPID
US90-1707998
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-40 (M) · Seattle, WA
Zoning NC2-40 (M) · permitted uses
NC2-40 (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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Seaview Group LLC
Entity
Mailing address
9035 12TH AVE NW, SEATTLE, WA 98117-3326
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
Seaview Group LLC
—
Deed
related
$1,815,000 · Pacific Crest Savings Bank
Mar 25, 2022
$2,485,000
Seaview Group LLC
8701 Crown II LLC
Warranty Deed
$1,660,000 · Pacific Crest Savings Bank
Sep 19, 2014
$1,558,500
8701-crown II LLC
Seaview Park LLC
Grant Deed
—
Sep 24, 2008
—
Seaview Park LLC
Stuart,sharon
Quit Claim Deed
related
—
Oct 5, 2004
—
Seaview Park LLC
Stuart,sharon
Quit Claim Deed
related
—
May 7, 2004
$790,000
Sharon Stuart
Drasnin,stephen & Sharon
Grant Deed
$495,000 · Industrial-alliance Prcific
May 7, 2004
—
Sharon Stuart
Stuart,jay
Quit Claim Deed
related
—
—
—
8701 Crown II LLC
—
Deed Of Trust
related
$1,150,000 · Aldora LLC
—
—
Seaview Park LLC
—
Deed Of Trust
related
$590,668 · Foundation Bank
—
—
Seaview Park LLC
—
Deed Of Trust
related
$350,000 · Foundation 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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