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Property profile & analytics
OFF-MARKET
Estimated value
$1,940,000
Assisted living facilities
6710 Grn Lk N Way Seattle, WA 98103
Individually Owned
8-yr Hold
Free & Clear
Property ID
US90-1036901
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1965
Construction
CONCRETE
Total area
99,844 SF
Lot
0.93 ac (40,700 SF)
Zoning code
LR3 RC (M)
APN
952810-0355
UPID
US90-1036901
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.94M
Owner & transaction history
The Lutheran Retirement Home Of Gre · 8 yrs held
The Lutheran Retirement Home Of Gre
since 2018
6 recorded transactions
Zoning & alternative use
LR3 RC (M) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$19 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$202,827
Tax year 2023
Assessed value
$21,493,600
Assessed 2023
Previous assessed
$20,650,600
+4.1% YoY
Effective rate
0.94%
On assessed value
Assessed land
$5,085,500
Assessed improvement
$16,408,100
Land market value
$5,085,500
Improvement market value
$16,408,100
Total market value
$21,493,600
Applied tax rate
13.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1965
Construction
CONCRETE
Heating
HOT WATER
Stories
10
Units
218
Total area
99,844 SF
Lot
0.93 ac (40,700 SF)
Zoning code
LR3 RC (M)
APN
952810-0355
UPID
US90-1036901
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR3 RC (M) · Seattle, WAZoning LR3 RC (M) · permitted uses
LR3 RC (M) · 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
1965
Construction
CONCRETE
Heating
HOT WATER
Stories
10
Units
218
Lot
0.93 ac
Current owner
From public records · entity-resolved
The Lutheran Retirement Home Of Gre
Individual
Free & Clear · 8 yrs held
Mailing address
6720 E GRN LK WAY N, SEATTLE, WA 98103-5439
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2018
—
The Lutheran Retirement Home Of Gre
—
Deed
related
—
Apr 23, 2013
—
Lutheran Retirement Hm Of Grtr Se
—
Loan Modification
related
$1,200,000 · Wells Fargo Bank
Dec 1, 2004
—
Lutheran Retirement Hm Of Greater
—
Trustees Deed
related
$12,000 · Bank Of America
—
—
Lutheran Retirement Hm Of Grtr Se
—
Loan Modification
related
—
—
—
Lutheran Retirement Hm Of Grtr Se
—
Deed Of Trust
related
$10,000,000 · Wells Fargo Bank
—
—
Lutheran Reitirement
—
Deed Of Trust
related
$3,000,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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