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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Assisted living facilities
555 16th Ave Seattle, WA 98122-5618
Individually Owned
32-yr Hold
Free & Clear
Property ID
US90-0832772
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1973
Construction
WOOD
Total area
45,011 SF
Lot
0.96 ac (41,728 SF)
Zoning code
MIO-65-LR3
APN
794260-0675
UPID
US90-0832772
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
-
Chris Webb Physician
-
Cheri L. Horkman, MA Physician
-
Advanced Lifeline Services Medical Clinic
-
Autumn C. Labrecque, COTA Physician
-
Seattle Medical Post Acute Care Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Health Proper · 32 yrs held
Health Proper
since 1993
3 recorded transactions
Zoning & alternative use
MIO-65-LR3 · 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
$41 / 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
$148,514
Tax year 2022
Assessed value
$17,478,700
Assessed 2022
Previous assessed
$17,478,700
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$9,806,000
Assessed improvement
$7,672,700
Land market value
$9,806,000
Improvement market value
$7,672,700
Total market value
$17,478,700
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
1973
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
2
Stories
4
Units
103
Total area
45,011 SF
Lot
0.96 ac (41,728 SF)
Zoning code
MIO-65-LR3
APN
794260-0675
UPID
US90-0832772
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MIO-65-LR3 · Seattle, WA
Zoning MIO-65-LR3 · permitted uses
MIO-65-LR3 · 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
1973
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
4
Buildings
2
Units
103
Lot
0.96 ac
Current owner
From public records · entity-resolved
Health Proper
Individual
Free & Clear · 32 yrs held
Mailing address
4601 NE 77TH AVE STE #300, VANCOUVER, WA 98662-6736
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2024
—
Sptsun II Properties Trust
—
Deed
related
$940,534 · Us Bank Trust Co NA
Nov 1, 1993
$5,025,000
Health Proper
Heywood Corp
Grant Deed
—
Jun 30, 1988
$3,766,000
Heywood Corp
Greenery
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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