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Property profile & analytics
OFF-MARKET
Estimated value
$6,900,000
Office buildings
701 Northlake Way, Seattle, WA 98105-6429
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1033274
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1936
Construction
WOOD
Total area
4,200 SF
Lot
1.33 ac (58,103 SF)
Zoning code
IC-65 (M)
APN
408880-1195
UPID
US90-1033274
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
-
Proform Builds Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.90M
Owner & transaction history
Wbc Investors LLC · 4 yrs held
Wbc Investors LLC
since 2022
Last sale
$7.0M
6 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
Method
Estimation
Statistic approach
$6,765,000
ML approach
$6,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.90M
Range $6.21M – $7.59M · ±10% · vs last sale $7.00M (Feb 23 2022)
Last sale anchor
$7.00M
Feb 23 2022
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
$1,643 / 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
$45,350
Tax year 2022
Assessed value
$5,325,000
Assessed 2022
Previous assessed
$5,325,000
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$2,889,500
Assessed improvement
$2,435,500
Land market value
$2,889,500
Improvement market value
$2,435,500
Total market value
$5,325,000
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
1936
Construction
WOOD
Heating
FORCED AIR
Buildings
5
Stories
2
Total area
4,200 SF
Lot
1.33 ac (58,103 SF)
Zoning code
IC-65 (M)
APN
408880-1195
UPID
US90-1033274
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
1936
Construction
WOOD
Heating
FORCED AIR
Stories
2
Buildings
5
Lot
1.33 ac
Current owner
From public records · entity-resolved
Wbc Investors LLC
Entity
Mailing address
1421 34TH AVE STE #300, SEATTLE, WA 98122-3634
Ownership since
2022
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
Feb 23, 2022
$7,000,000
Wbc Investors LLC
Kim A Barker
Special Warranty Deed
$4,084,000 · The Barker Trust
Jun 23, 2021
—
Kim A Barker
Kim A Barker
Intrafamily Transfer
related
—
Jul 3, 2018
—
Barker Living Trust
—
Deed
related
$650,000 · Commerce Bk/wa
Jan 9, 2009
—
Bruce N Barker
Barker,lynne B
Quit Claim Deed
related
—
—
—
Barker Living Trust
—
Deed Of Trust
related
$650,000 · Commerce Bk/wa
—
—
Bruce N Barker
—
Deed Of Trust
related
$750,000 · Key Bank NA
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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