Entity Owned Property summary
AI-generated overview
The property is a standalone commercial building located at 700 Broadway in Seattle, Washington, with 9,275 square feet of building area. It has street-level exposure and is configured to support office use.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Construction
STEEL FRAME
Total area
39,115 SF
Lot
0.59 ac (25,788 SF)
Zoning code
MIO-160-NC3-95 (M)
APN
197820-1435
UPID
US90-1089418
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Apartment Building
-
Apartment Complex Apartment Building
-
Resort
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2021
Last sale
$42.5M
6 recorded transactions
Zoning & alternative use
MIO-160-NC3-95 (M) · Seattle, WA
Zoning description
The intent of this overlay is to regulate major educational and medical institutions. The intent of NC3-95 district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
39,115 SF
Lot area
0.59 ac
Year built
1963
Stories
3
APN
197820-1435
Zoning
MIO-160-NC3-95 (M)
Assessed value
$20,528,100
Annual tax
$4,867
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 52 sales
$344
N/A
County 123 sales
$395
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$42.50M
Move the market yield to see immediate price impact.
Value / SF
$1,087
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.68M
$53.55M
$38.25M
$29.75M
$2.98M
$59.50M
$42.50M
$33.06M
$3.27M
$65.45M
$46.75M
$36.36M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,867
Tax year 2022
Assessed value
$20,528,100
Assessed 2022
Previous assessed
$20,528,100
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$13,538,700
Assessed improvement
$6,989,400
Land market value
$13,538,700
Improvement market value
$6,989,400
Total market value
$20,528,100
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1963
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
2
Stories
3
Total area
39,115 SF
Lot
0.59 ac (25,788 SF)
Zoning code
MIO-160-NC3-95 (M)
APN
197820-1435
UPID
US90-1089418
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MIO-160-NC3-95 (M) · Seattle, WAZoning MIO-160-NC3-95 (M) · permitted uses
MIO-160-NC3-95 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The intent of this overlay is to regulate major educational and medical institutions. The intent of NC3-95 district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1963
Construction
STEEL FRAME
Heating
HOT WATER
Stories
3
Buildings
2
Lot
0.59 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
MIO-160-NC3-95(M)
COMMERCIAL
Jurisdiction
Seattle, WA
Recorded code
MIO-160-NC3-95 (M)
Official district
MIO-160-NC3-95(M)
Official district profile
What the municipal code says about MIO-160-NC3-95(M)
Zoning description
The intent of this overlay is to regulate major educational and medical institutions. The intent of NC3-95 district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MIO-160-NC3-95(M) in Seattle, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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