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Property profile & analytics
FOR SALE
Office buildings
652 NW 85Th St 14, Seattle, WA 98117
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1031715
For Sale
$950,000
652 NW 85Th St,Unit 14, Seattle, WA 98117
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1918
Construction
WOOD
Total area
3,096 SF
Lot
0.11 ac (4,700 SF)
Zoning code
NC1-55 (M)
APN
094600-0270
UPID
US90-1031715
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
$845k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$823k
Blend (final)
Blend
$845k
Owner & transaction history
Rev Properties Corp · 6 yrs held
Rev Properties Corp
since 2020
Last sale
$845,000
7 recorded transactions
Zoning & alternative use
NC1-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+16.4%
Retail stores
$1.2M
+13.5%
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
$850,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$830,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,095,000
Current use
AUTO REPAIR, GARAGE
$1,275,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,240,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$1,065,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$915,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $845k (Mar 6 2020)
Last sale anchor
$845k
Mar 6 2020
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
$273 / 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
$8,734
Tax year 2022
Assessed value
$964,500
Assessed 2022
Previous assessed
$964,500
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$963,500
Assessed improvement
$1,000
Land market value
$963,500
Improvement market value
$1,000
Total market value
$964,500
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
For Sale
Year built
1918
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
3,096 SF
Lot
0.11 ac (4,700 SF)
Zoning code
NC1-55 (M)
APN
094600-0270
UPID
US90-1031715
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1-55 (M) · Seattle, WA
Zoning 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
Seattle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$915,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1918
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Rev Properties Corp
Entity
Mailing address
381 6TH ST, BLAINE, WA 98230-5144
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
—
Rev Properties Corp
—
Deed
related
$550,000 · Seattle Funding Group INC
Mar 6, 2020
$845,000
Rev Properties Corp
Kong Ou
Warranty Deed
—
Oct 31, 2006
—
Ou Kong
Mccormick,lawrence P
Quit Claim Deed
related
—
Jun 18, 2004
—
Lawrence P Mccormick
Mccormick,jeremiah M
Quit Claim Deed
related
—
Sep 10, 2003
—
Jeremiah Mccormick
Mccormick,greg M
Quit Claim Deed
related
—
Oct 19, 1988
—
Greg M Mccormick
Mccormick,jeremi
Quit Claim Deed
related
—
—
—
Lawrence P Mccormick
—
Deed Of Trust
related
$122,012 · Jeremiah M Mccormick
—
—
Jeremiah M Mccormick
—
Deed Of Trust
related
$650,000 · Michelle L Watkins
—
—
Jeremiah M Mccormick
—
Deed Of Trust
related
$120,000 · Lawrence P Mccormick
—
—
Jeremiah M Mccormick
—
Deed Of Trust
related
$50,000 · Bank Of America
—
—
Jeremiah M Mccormick
—
Deed Of Trust
related
$50,000 · Bank Of America
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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