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Property profile & analytics
OFF-MARKET
Estimated value
$6,000,000
Schools
710 Roy St, Seattle, WA 98102-4603
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1340620
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,900 SF
Lot
0.44 ac (18,978 SF)
Zoning code
LR3
APN
983120-0125
UPID
US90-1340620
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
-
Cornish College of the Arts - Kerry Hall College
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.18M
Blend (final)
Blend
$6.00M
Owner & transaction history
Seattle Theatre Group · 1 yrs held
Seattle Theatre Group
since 2024
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
LR3 · 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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $6.00M (Nov 22 2024)
Last sale anchor
$6.00M
Nov 22 2024
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
$188 / 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
$2,280
Tax year 2022
Assessed value
$5,283,100
Assessed 2022
Previous assessed
$5,283,100
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$3,950,000
Assessed improvement
$1,333,100
Land market value
$3,950,000
Improvement market value
$1,333,100
Total market value
$5,283,100
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Total area
31,900 SF
Lot
0.44 ac (18,978 SF)
Zoning code
LR3
APN
983120-0125
UPID
US90-1340620
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR3 · Seattle, WA
Zoning LR3 · permitted uses
LR3 · 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
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
Seattle Theatre Group
Entity
Free & Clear · 1 yrs held
Mailing address
1000 LENORA ST, SEATTLE, WA 98121-2951
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$6,000,000
Seattle Theatre Group
Cornish College Of The Arts
Bargain & Sale Deed
—
Feb 12, 2018
—
Cornish College Of The Arts
—
Deed
related
—
Dec 1, 2010
—
Cornish College Of The Arts
—
Deed Of Trust
related
$20,323,000 · Key Bank NA
Jul 16, 2010
—
Cornish College Of The Arts
—
Deed Of Trust
related
$2,000,000 · Bank Of America
Dec 3, 2009
—
Cornish College Of The Arts
—
Grant Deed
related
$2,000,000 · Bank Of America
Dec 8, 2003
—
Cornish College Of The Arts
—
Deed Of Trust
related
$20,785,000 · Bank Of America
Aug 1, 2003
$4,500,000
Harvard Estate LLC
Cornish College Of The Arts
Grant Deed
$25,095,000 · Macquarie Real Est Finance Tte
—
—
Cornish College Of The Arts
—
Loan Modification
related
—
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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