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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Residential income homes
5249 California SW Ave Seattle, WA 98136-1209
Entity Owned
3-yr Hold
Property ID
US90-1693592
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,400 SF
Lot
0.17 ac (7,500 SF)
Zoning code
NC2-40 (M)
APN
762570-0530
UPID
US90-1693592
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.37M
Owner & transaction history
J & T Development LLC · 3 yrs held
J & T Development LLC
since 2022
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
NC2-40 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+42.7%
Auto repair, garage
$1.8M
+16.0%
Retail stores
$1.8M
+13.1%
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
$1,300,000
ML approach
$1,380,000
CAP Approach
CAP Return
Estimation
6%
$1,325,000
6.5%
$1,220,000
7%
$1,135,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,560,000
Current use
COMMERCIAL (GENERAL)
$2,225,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,810,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,765,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$1,555,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$1,515,000
Change: -3% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,300,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.60M (Aug 31 2022)
Last sale anchor
$1.60M
Aug 31 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
$311 / 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
$12,732
Tax year 2024
Assessed value
$1,215,160
Assessed 2023
Previous assessed
$1,215,160
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,050,000
Assessed improvement
$165,160
Land market value
$1,050,000
Improvement market value
$165,160
Total market value
$1,215,160
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
2
Units
4
Total area
4,400 SF
Lot
0.17 ac (7,500 SF)
Zoning code
NC2-40 (M)
APN
762570-0530
UPID
US90-1693592
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
2
Units
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
J & T Development LLC
Entity
Mailing address
3256 44TH AVE SW, SEATTLE, WA 98116-3325
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$1,600,000
J & T Development LLC
Ocak Hasan
Warranty Deed
$1,425,000 · Legacy Group Capital LLC
Jun 23, 2010
$685,000
Ocak Hasan
Charles L Whitten
Warranty Deed
$500,000 · Lms Investments LLC
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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