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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Office buildings
7017 15th NW Ave, Seattle, WA 98117-5502
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1671009
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1913
Construction
WOOD
Total area
2,854 SF
Lot
0.1 ac (4,379 SF)
Zoning code
NC2P-55 (M)
APN
751850-0510
UPID
US90-1671009
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
$960k
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$830k
Owner & transaction history
Kyle L Asfahl · 1 yrs held
Kyle L Asfahl
since 2025
Last sale
$810,000
7 recorded transactions
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+16.4%
Retail stores
$1.1M
+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
$935,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$765,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,010,000
Current use
AUTO REPAIR, GARAGE
$1,175,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,145,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$980,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$845,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $810k (May 5 2025)
Last sale anchor
$810k
May 5 2025
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
$291 / 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
$9,113
Tax year 2022
Assessed value
$1,018,600
Assessed 2022
Previous assessed
$1,018,600
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$985,200
Assessed improvement
$33,400
Land market value
$985,200
Improvement market value
$33,400
Total market value
$1,018,600
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
1913
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Total area
2,854 SF
Lot
0.1 ac (4,379 SF)
Zoning code
NC2P-55 (M)
APN
751850-0510
UPID
US90-1671009
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Zoning NC2P-55 (M) · permitted uses
NC2P-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
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$980,000
WAREHOUSE, STORAGE
Est. value
$845,000
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
1913
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Kyle L Asfahl
Individual
Mailing address
15703 PALATINE AVE N, SHORELINE, WA 98133-5917
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
$810,000
Kyle L Asfahl
Deep Compression Studios LLC
Warranty Deed
$729,000 · Cmg Mortgage INC
May 7, 2020
—
Deep Compression Studios LLC
Mary R S Holt
Warranty Deed
—
Mar 11, 2020
$17,139
Mary R S Holt
Musang LLC
Warranty Deed
—
May 5, 2015
$535,000
Musang LLC
O Hara Corporation
Warranty Deed
$319,779 · Jpmorgan Chase Bank NA
May 8, 1997
$225,000
Ohara Corp
Segall Trust
Grant Deed
—
Jul 13, 1995
—
Joan B Segall
Segall Trust
Quit Claim Deed
related
$147,000 · Interwest Savings Bank
Jul 15, 1994
$180,000
Segall Trust
Lee,ick-whan & Q
Grant Deed
$130,000 · Seller
May 5, 1989
—
Lee,ick-whan&qwihee P
Exchange Facilit
Grant Deed
related
—
—
—
Musang LLC
—
Deed Of Trust
related
$319,779 · Jp Morgan Chase Bk
—
—
Musang LLC
—
Deed Of Trust
related
$266,000 · Evergreen Busn Cap
—
—
Ick-whan Lee
—
Deed Of Trust
related
$250,000 · Seattle-first National Bank
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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