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Property profile & analytics
OFF-MARKET
Estimated value
$8,130,000
Office buildings
645 Elliott W Ave, Seattle, WA 98119-3960
Entity Owned
Free & Clear
Property ID
US90-1425737
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
CONCRETE
Total area
242,686 SF
Lot
2.97 ac (129,156 SF)
Zoning code
IC-65 (M)
APN
387990-2265
UPID
US90-1425737
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
-
102.5 KZOK Radio Station Telecommunications Service
-
KMPS Business Office Radio Station Telecommunications Service
-
106.1 KISS FM Radio Station Telecommunications Service
-
KUBE 93.3 Radio Station Telecommunications Service
-
Nexelis Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.13M
Owner & transaction history
635 Elliott Avenue West Holdings Ll
635 Elliott Avenue West Holdings Ll
since 2025
7 recorded transactions
Zoning & alternative use
IC-65 (M) · 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
$34 / 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
$1,157,256
Tax year 2022
Assessed value
$140,025,000
Assessed 2022
Previous assessed
$140,025,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$25,831,200
Assessed improvement
$114,193,800
Land market value
$25,831,200
Improvement market value
$114,193,800
Total market value
$140,025,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
CENTRAL
Buildings
2
Stories
4
Total area
242,686 SF
Lot
2.97 ac (129,156 SF)
Zoning code
IC-65 (M)
APN
387990-2265
UPID
US90-1425737
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
IC-65 (M) · Seattle, WA
Zoning IC-65 (M) · permitted uses
IC-65 (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.
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE
Heating
CENTRAL
Stories
4
Buildings
2
Lot
2.97 ac
Current owner
From public records · entity-resolved
635 Elliott Avenue West Holdings Ll
Entity
Free & Clear · 0 yrs held
Mailing address
1000 2ND AVE STE #1800, SEATTLE, WA 98104-3619
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
Aug 18, 2025
—
635 Elliott Avenue West Holdings Ll
396 2 Selig Portfolio Holdings LLC
Special Warranty Deed
—
May 2, 2017
—
Sreh 2014 LLC
—
Loan Modification
related
$238,936,855 · Deutsche Bk Tr #2014-gc22 (ce)
Apr 24, 2014
—
Selig Family Holdings LLC
Elliott Holding Co LLC
Quit Claim Deed
related
$197,000,000 · Goldman Sachs Mortgage Company
Jul 21, 2006
$13,500,000
Elliott Holding Co LLC
Darigold INC
Grant Deed
$10,200,000 · Cibc INC
—
—
Elliott Holding Co LLC
—
Loan Modification
related
$112,387 · Union Bank
—
—
Elliott Holding Co LLC
—
Deed Of Trust
related
$112,387 · Pb Capital Corp
—
—
Darigold INC
—
Deed Of Trust
related
$500,000 · Cit Group Business Credit INC
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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