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Property profile & analytics
OFF-MARKET
Estimated value
$8,225,000
Investment properties
606 19th E Ave Seattle, WA 98112-4074
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1641051
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1909
Construction
WOOD
Total area
14,886 SF
Lot
0.22 ac (9,374 SF)
Zoning code
NC1-55 (M)
APN
519110-0020
UPID
US90-1641051
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
-
Park Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.67M
Blend (final)
Blend
$8.23M
Owner & transaction history
Cf1 Park Partners LP · 1 yrs held
Cf1 Park Partners LP
since 2025
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
NC1-55 (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 small shopping area that provides primarily convenience retail sales and services to the adjoining residential neighborhood. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
94.78 ac
Source
Realmo
Top alternative use upside
Restaurant
$7.8M
+3.7%
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
$9,255,000
ML approach
$9,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,530,000
Current use
RESTAURANT
$7,810,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,125,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$8.23M
Range $7.40M – $9.05M · ±10% · vs last sale $8.00M (Feb 28 2025)
Last sale anchor
$8.00M
Feb 28 2025
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
$553 / 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
$51,742
Tax year 2022
Assessed value
$6,153,400
Assessed 2022
Previous assessed
$6,153,400
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$2,202,800
Assessed improvement
$3,950,600
Land market value
$2,202,800
Improvement market value
$3,950,600
Total market value
$6,153,400
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
1909
Construction
WOOD
Heating
FORCED AIR
Stories
3
Units
18
Total area
14,886 SF
Lot
0.22 ac (9,374 SF)
Zoning code
NC1-55 (M)
APN
519110-0020
UPID
US90-1641051
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1-55 (M) · Seattle, WAZoning NC1-55 (M) · permitted uses
NC1-55 (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 small shopping area that provides primarily convenience retail sales and services to the adjoining residential neighborhood. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
94.78 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.5M
RESTAURANT
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$6.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1909
Construction
WOOD
Heating
FORCED AIR
Stories
3
Units
18
Lot
0.22 ac
Current owner
From public records · entity-resolved
Cf1 Park Partners LP
Entity
Mailing address
117 E LOUISA ST #185, SEATTLE, WA 98102-3203
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
$8,000,000
Cf1 Park Partners LP
Parkside Limited Liability Company
Warranty Deed
$1,000,000 · Jpmorgan Chase Bank NA
Nov 22, 2019
—
Parkside Limited Liability Company
—
Deed
related
$250,000 · Jpmorgan Chase Bank NA
Jul 18, 1989
$825,000
Parkside Associates
Parkside
Grant Deed
related
$849,700 · Seattle-first National Bank
—
—
Parkside Limited Liability Co
—
Deed Of Trust
related
$1,725,000 · First Mutual Savings Bank
—
—
Parkside LLC
—
Deed Of Trust
related
$2,900,000 · Citibank Fsb
—
—
Parkside LLC
—
Deed Of Trust
related
$3,125,000 · Sterling Savings Bank
—
—
Ronald G Danz
—
Deed Of Trust
related
$1,194,438 · First Mutual Savings Bank
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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