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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Office buildings
5420 Delridge SW Way, Seattle, WA 98106-1449
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-1197414
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,912 SF
Lot
0.11 ac (4,800 SF)
Zoning code
NC2P-55 (M)
APN
177310-1540
UPID
US90-1197414
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
-
Trace Behavior Support Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.47M
Owner & transaction history
Christianson Dev III LLC · 21 yrs held
Christianson Dev III LLC
since 2005
7 recorded transactions
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+16.4%
Retail stores
$2.4M
+13.5%
Apartment house (5+ units)
$2.1M
+0.4%
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%
$1,845,000
6.5%
$1,705,000
7%
$1,580,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,090,000
Current use
AUTO REPAIR, GARAGE
$2,430,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$2,370,000
Change: +13% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,095,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$2,035,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,745,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$248 / 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
$19,342
Tax year 2022
Assessed value
$2,281,000
Assessed 2022
Previous assessed
$2,281,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$456,000
Assessed improvement
$1,825,000
Land market value
$456,000
Improvement market value
$1,825,000
Total market value
$2,281,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
2
Stories
3
Units
4
Bathrooms
2
Total area
5,912 SF
Lot
0.11 ac (4,800 SF)
Zoning code
NC2P-55 (M)
APN
177310-1540
UPID
US90-1197414
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Zoning NC2P-55 (M) · permitted uses
NC2P-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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
3
Buildings
2
Units
4
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Christianson Dev III LLC
Entity
Mailing address
5424 DELRIDGE WAY SW UNIT A, SEATTLE, WA 98106-1439
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
—
Nordic Reign LLC
—
Deed
related
$6,900,000 · Jpmorgan Chase Bank NA
Feb 9, 2018
—
Christianson Dev III LLC
—
Deed
related
$500,000 · Boeing Emps Cu
May 15, 2017
—
Christianson Dev III LLC
—
Deed
related
$4,500,000 · Boeing Emps Cu
Apr 17, 2007
—
Christianson Dev III LLC
—
Trustees Deed
related
$1,030,000 · Foundation Bank
Jun 21, 2005
—
Christianson Dev III LLC
Christianson,eric D & Yolanda M
Quit Claim Deed
related
—
Apr 18, 2005
—
Eric D Christianson
Christianson Dev LLC
Quit Claim Deed
related
—
Nov 10, 2004
—
Christianson Dev LLC
Christianson,eric D & Yolanda M
Quit Claim Deed
related
—
Jun 20, 2001
$110,000
Eric D Christianson
Moisan,mollie A
Grant Deed
$99,000 · M & T Mortgage Corp
Dec 14, 1995
$65,000
Mollie A Moisan
Medaugh,david
Grant Deed
$64,928 · Interwest Savings Bank
Dec 12, 1995
—
David Medaugh
Cave,armeta M
Grant Deed
related
—
Oct 1, 1992
—
Medaugh,david
Cave,armeta Mari
Grant Deed
related
—
Mar 15, 1991
$54,950
Armeta M A Cave
Oconnor,richard
Grant Deed
$49,450 · Oconnor Richard K
—
—
Christianson Dev LLC|christianson Dev II LLC
—
Deed Of Trust
related
$3,395,000 · Boeing Emps Cu
—
—
Christianson Dev III LLC
—
Loan Modification
related
$2,800,254 · Umpqua Bk
—
—
Christianson Dev III LLC
—
Deed Of Trust
related
$100,000 · Umpqua Bank
—
—
Christianson Dev III LLC
—
Deed Of Trust
related
$100,000 · Umpqua Bank
—
—
Eric D Christianson
—
Deed Of Trust
related
$108,750 · America's Wholesale Lender
—
—
Eric D Christianson
—
Deed Of Trust
related
$21,700 · Greenpoint Mortgage Funding
—
—
Christianson Dev III LLC
—
Deed Of Trust
related
$4,500,000 · Boeing Emps Cu
—
—
Christianson Dev III LLC
—
Deed Of Trust
related
$500,000 · Boeing Emps Cu
—
—
Eric D Christianson
—
Deed Of Trust
related
$140,000 · Greenpoint Mortgage Funding
—
—
Eric D Christianson
—
Deed Of Trust
related
$17,500 · Greenpoint Mortgage Funding
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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