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Property profile & analytics
OFF-MARKET
Estimated value
$7,825,000
Medical Office Space
611 12th S Ave Seattle, WA 98144-2007
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0443095
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,145 SF
Lot
1.53 ac (66,643 SF)
Zoning code
DMC 85/75-170
APN
817010-0415
UPID
US90-0443095
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
-
Jamie Tom Physician
-
Kara Harvill Pediatrician Physician
-
Alison Hadley Foster Care Service Social Service Agency
-
Dr. Michael S. Erickson, MD Physician
-
Peter A. Talbot, M.D. Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.83M
Owner & transaction history
Le Casita LLC · 2 yrs held
Le Casita LLC
since 2024
4 recorded transactions
Zoning & alternative use
DMC 85/75-170 · Seattle, WA
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%
$10,815,000
6.5%
$9,985,000
7%
$9,270,000
Blend value · Realmo final
$7.83M
Range $7.04M – $8.61M · ±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
$173 / 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
$20,494
Tax year 2022
Assessed value
$14,995,600
Assessed 2022
Previous assessed
$14,995,600
+0.0% YoY
Effective rate
0.14%
On assessed value
Assessed land
$14,994,600
Assessed improvement
$1,000
Land market value
$14,994,600
Improvement market value
$1,000
Total market value
$14,995,600
Applied tax rate
11.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
45,145 SF
Lot
1.53 ac (66,643 SF)
Zoning code
DMC 85/75-170
APN
817010-0415
UPID
US90-0443095
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMC 85/75-170 · Seattle, WAZoning DMC 85/75-170 · permitted uses
DMC 85/75-170 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Le Casita LLC
Entity
Free & Clear · 2 yrs held
Mailing address
611 12TH AVE S, SEATTLE, WA 98144-2007
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Seattle Indian Health Board
—
Deed
related
$295,850 · Washington State Dept Communit
May 10, 2024
—
Le Casita LLC
The Hull Living Trust
Deed
related
—
Feb 13, 2017
—
Le Casita LLC
—
Deed
related
$2,675,000 · Luther Burbank Savings
Jul 17, 2014
—
Seattle Indian Health Board
Seattle Indian Svcs Commission
Quit Claim Deed
related
—
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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