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Property profile & analytics
OFF-MARKET
Day care centers
605 23rd Ave Seattle, WA 98122
Entity Owned
27-yr Hold
Free & Clear
Property ID
US90-0689587
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1964
Construction
WOOD
Total area
1,950 SF
Lot
0.34 ac (15,000 SF)
Zoning code
NC1-40 (M1)
APN
754480-0335
UPID
US90-0689587
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Causey Family LLC · 27 yrs held
Causey Family LLC
since 1999
7 recorded transactions
Zoning & alternative use
NC1-40 (M1) · 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
—
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
$2,380
Tax year 2022
Assessed value
$3,601,000
Assessed 2022
Previous assessed
$3,601,000
+0.0% YoY
Effective rate
0.07%
On assessed value
Assessed land
$3,600,000
Assessed improvement
$1,000
Land market value
$3,600,000
Improvement market value
$1,000
Total market value
$3,601,000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
1,950 SF
Lot
0.34 ac (15,000 SF)
Zoning code
NC1-40 (M1)
APN
754480-0335
UPID
US90-0689587
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1-40 (M1) · Seattle, WA
Zoning NC1-40 (M1) · permitted uses
NC1-40 (M1) · 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
1964
Construction
WOOD
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Causey Family LLC
Entity
Free & Clear · 27 yrs held
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
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
Oct 11, 2023
—
Causey Family LLC
—
Deed
related
$472,615 · Banner Bank
Jul 26, 1999
—
Causey Family LLC
—
Grant Deed
related
$250,000 · Key Bank NA
May 21, 1999
—
Causey Family LLC
Causey,marion
Quit Claim Deed
related
—
Oct 11, 1989
—
Marion Causey
Causey,bishop Ro
Quit Claim Deed
related
—
—
—
Causey Family LLC
—
Deed Of Trust
related
$50,000 · Boeing Employees Cu
—
—
Causey Family LLC
—
Deed Of Trust
related
$760,000 · Boeing Employees Cu
—
—
Causey Family LLC
—
Deed Of Trust
related
$128,116 · First Heritage Bank
—
—
Causey Family LLC
—
Deed Of Trust
related
$301,035 · Key Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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