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Property profile & analytics
OFF-MARKET
Estimated value
$14,905,000
Investment properties
620 34th St Seattle, WA 98103-8667
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0905961
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
103,480 SF
Lot
0.61 ac (26,746 SF)
Zoning code
C1-75 (M)
APN
197220-3170
UPID
US90-0905961
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
-
Epicenter Apartments Apartment Building Apartment Complex
-
iSideSleep by Squire Sleep Systems Furniture & Home Goods
-
Weber James K MD Physician
-
The Mitchell Organization Professional Organizer
-
Jeff Henkel Photography Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.29M
Blend (final)
Blend
$14.91M
Owner & transaction history
Fremont Dock Co · 24 yrs held
Fremont Dock Co
since 2001
7 recorded transactions
Zoning & alternative use
C1-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywide, or regional clientele. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
336.11 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.91M
Range $13.41M – $16.40M · ±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
$144 / 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
$497,423
Tax year 2022
Assessed value
$60,644,900
Assessed 2022
Previous assessed
$60,644,900
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$8,023,800
Assessed improvement
$52,621,100
Land market value
$8,023,800
Improvement market value
$52,621,100
Total market value
$60,644,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
CENTRAL
Stories
6
Units
130
Total area
103,480 SF
Lot
0.61 ac (26,746 SF)
Zoning code
C1-75 (M)
APN
197220-3170
UPID
US90-0905961
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-75 (M) · Seattle, WAZoning C1-75 (M) · permitted uses
C1-75 (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 general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywide, or regional clientele. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
336.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
6
Units
130
Lot
0.61 ac
Current owner
From public records · entity-resolved
Fremont Dock Co
Entity
Mailing address
3500 1ST AVE NW, SEATTLE, WA 98107-4901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
—
Fremont Dock Co
—
Deed
related
$12,300,000 · State Farm Life Insurance Co
Jul 24, 2014
—
Fremont Dock Co
—
Deed Of Trust
related
$6,000,000 · State Farm Life Insurance Co
Nov 20, 2001
—
Fremont Housing Group LLC
—
Trustees Deed
related
$20,000,000 · Zions First National Bank
Oct 4, 2001
—
Fremont Dock Co
Fremont Land Co LLC
Quit Claim Deed
related
—
Sep 5, 2001
—
Fremond Land Co LLC
—
Deed Of Trust
related
$1,200,000 · Washington Mutual Fsb
Jun 28, 2001
—
Fremont Land Co LLC
—
Deed Of Trust
related
$2,100,000 · Washington Mutual Fsb
Jan 22, 1999
—
Fremont Land Company LLC
Burke,suzanne M
Trustees Deed
related
—
May 7, 1992
—
Suzanne M Burke
Fremont Land Co
Quit Claim Deed
related
—
—
—
Suzanne M Burke
—
Deed Of Trust
related
$1,200,000 · Seafirst 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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