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Property profile & analytics
OFF-MARKET
Estimated value
$5,600,000
Outlet malls
6300 8th NW Ave Seattle, WA 98107
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1008046
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,420 SF
Lot
1.66 ac (72,169 SF)
Zoning code
NC2P-40 (M)
APN
276960-1465
UPID
US90-1008046
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
$5.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.60M
Owner & transaction history
Pacific Realty Associates LP · 26 yrs held
Pacific Realty Associates LP
since 2000
4 recorded transactions
Zoning & alternative use
NC2P-40 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.2M
+2.6%
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%
$5,570,000
6.5%
$5,145,000
7%
$4,775,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,990,000
Current use
AUTO REPAIR, GARAGE
$9,225,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,950,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$7,925,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$7,710,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$5.60M
Range $5.04M – $6.16M · ±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
$250 / 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
$124,940
Tax year 2022
Assessed value
$13,713,100
Assessed 2022
Previous assessed
$13,713,100
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$13,712,100
Assessed improvement
$1,000
Land market value
$13,712,100
Improvement market value
$1,000
Total market value
$13,713,100
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
22,420 SF
Lot
1.66 ac (72,169 SF)
Zoning code
NC2P-40 (M)
APN
276960-1465
UPID
US90-1008046
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-40 (M) · Seattle, WA
Zoning NC2P-40 (M) · permitted uses
NC2P-40 (M) · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
OFFICE BUILDING
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Pacific Realty Associates LP
Entity
Mailing address
15350 SW SEQUOIA PKWY STE #300, PORTLAND, OR 97224-7175
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
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
Jun 30, 2000
$2,000,000
Pacific Realty Associates LP
Safeway INC
Trustees Deed
$13,350,000 · Safeway INC
Jun 30, 2000
—
Safgewy INC
Property Development Associate
Trustees Deed
related
—
Oct 9, 1998
—
Property Development Assoc
Safeway INC
Grant Deed
related
—
Mar 8, 1989
$343,146
Safeway Stores INC #445
Fannayla Realty
Grant Deed
—
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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