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Property profile & analytics
OFF-MARKET
Investment properties
605 15th E Ave Seattle, WA 98112-4523
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0766489
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2015
Construction
CONCRETE
Total area
19,856 SF
Lot
0.24 ac (10,376 SF)
Zoning code
NC2P-55 (M)
APN
330370-0030
UPID
US90-0766489
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
-
The Fifteen Apartment Complex
-
Apollo Nails & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
605 15th Avenue LLC · 4 yrs held
605 15th Avenue LLC
since 2021
Last sale
$16.7M
7 recorded transactions
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including convenience and specialty goods, to the surrounding neighborhoods, and that accommodates other uses that are compatible with the retail cha…
Zone name
Neighborhood Commercial Pedestrian Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
334.59 ac
Source
Realmo
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
—
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
$43,741
Tax year 2022
Assessed value
$5,180,800
Assessed 2022
Previous assessed
$5,180,800
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$4,150,400
Assessed improvement
$1,030,400
Land market value
$4,150,400
Improvement market value
$1,030,400
Total market value
$5,180,800
Applied tax rate
13.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2015
Construction
CONCRETE
Heating
ELECTRIC
Stories
4
Units
34
Total area
19,856 SF
Lot
0.24 ac (10,376 SF)
Zoning code
NC2P-55 (M)
APN
330370-0030
UPID
US90-0766489
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-55 (M) · Seattle, WAZoning 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
Zoning description
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including convenience and specialty goods, to the surrounding neighborhoods, and that accommodates other uses that are compatible with the retail character of the area such as housing or offices. The Pedestrian designation is to preserve or encourage an intensely retail and pedestrian-oriented shopping district where non-auto modes of transportation to and within the district are strongly favored. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Pedestrian Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
334.59 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2015
Construction
CONCRETE
Heating
ELECTRIC
Stories
4
Units
34
Lot
0.24 ac
Current owner
From public records · entity-resolved
605 15th Avenue LLC
Entity
Mailing address
4616 25TH AVE NE #773, SEATTLE, WA 98105-4183
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
$16,707,123
605 15th Avenue LLC
Brook III LLC
Bargain And Sale Deed
$9,140,000 · State Farm Life Insurance Co
Dec 19, 2012
$1,387,500
Brook III LLC
Kooyman,bart L JR & Brenda
Warranty Deed
—
Nov 26, 2003
$395,000
Alex Sneiders
Tiger Mountain LLC
Grant Deed
$296,250 · Wells Fargo Bank
Mar 29, 1995
$550,000
Bart L Kooyman
Bloch,barry C
Grant Deed
—
—
—
Brook III LLC
—
Deed Of Trust
related
$1,000,000 · Sunshine Capital II LLC
—
—
Brook III LLC
—
Deed Of Trust
related
$9,140,000 · Miscellaneous Ins Co
—
—
Gerald G Barney
—
Deed Of Trust
related
$250,000 · Washington Mutual Fsb
—
—
Gerald G Barney
—
Deed Of Trust
related
$17,000 · Washington Mutual Fsb
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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