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Property profile & analytics
OFF-MARKET
Estimated value
$5,655,000
Assisted living facilities
715 8th Ave Seattle, WA 98104-1901
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-2606292
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Construction
STEEL FRAME
Total area
188,183 SF
Lot
0.33 ac (14,400 SF)
Zoning code
HR (M)
APN
859040-0455
UPID
US90-2606292
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
-
Skyline's Olympic Tower Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.66M
Owner & transaction history
Presybterian Retirement Cmntys · 12 yrs held
Presybterian Retirement Cmntys
since 2013
7 recorded transactions
Zoning & alternative use
HR (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multi family uses, an area that provides a concentration of high density multifamily housing in a pedestrian-oriented neighborhood with convenient access to regional transit stations, and where the mix of activity provides convenient access to a full range of residential services and amenities and employment centers. M is the mandatory…
Zone name
Highrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
95.82 ac
Source
Realmo
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
$30 / 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
$555,190
Tax year 2022
Assessed value
$68,046,300
Assessed 2022
Previous assessed
$68,046,300
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$8,280,000
Assessed improvement
$59,766,300
Land market value
$8,280,000
Improvement market value
$59,766,300
Total market value
$68,046,300
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Construction
STEEL FRAME
Heating
CENTRAL
Stories
21
Total area
188,183 SF
Lot
0.33 ac (14,400 SF)
Zoning code
HR (M)
APN
859040-0455
UPID
US90-2606292
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HR (M) · Seattle, WAZoning HR (M) · permitted uses
HR (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes multi family uses, an area that provides a concentration of high density multifamily housing in a pedestrian-oriented neighborhood with convenient access to regional transit stations, and where the mix of activity provides convenient access to a full range of residential services and amenities and employment centers. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Highrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
95.82 ac
Source
Realmo
Building & site characteristics
From public records
Construction
STEEL FRAME
Heating
CENTRAL
Stories
21
Lot
0.33 ac
Current owner
From public records · entity-resolved
Presybterian Retirement Cmntys
Individual
Mailing address
PO BOX 34019, SEATTLE, WA 98124-4019
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
—
Presbyterian Retirement Communities
—
Deed
related
—
Aug 23, 2013
$5,950,000
Presybterian Retirement Cmntys
Sweazey Investments LLC
Grant Deed
—
Nov 2, 2011
—
Sweazey Investments LLC
—
Deed Of Trust
related
$1,300,000 · Sound Community Bank
Dec 12, 2006
—
Investments Sweazey
—
Deed Of Trust
related
$1,890,000 · Shoreline Bank
Apr 12, 2006
—
Sweazey Investments LLC
Sweazey Residuary Trust
Quit Claim Deed
related
—
Dec 20, 2004
—
Donald G Sweazey
—
Deed Of Trust
related
$1,600,000 · Shoreline Bank
Jun 4, 2004
—
Donald G Sweazey
Dojac Enterprises
Quit Claim Deed
related
—
—
—
Donald G Sweazey
—
Deed Of Trust
related
$136,000 · Lynnwood Mortgage Corp
—
—
Donald G Sweazey
—
Deed Of Trust
related
$216,000 · Lynnwood Mortgage Corp
—
—
Donald G Sweazey
—
Deed Of Trust
related
$200,000 · Lynnwood Mortgage Corp
—
—
Donald G Sweazey
—
Deed Of Trust
related
$222,000 · Builders Financial Services
—
—
Donald G Sweazey
—
Deed Of Trust
related
$150,000 · Lynnwood Mortgage Corp
—
—
Donald G Sweazey
—
Deed Of Trust
related
$190,000 · Lynnwood Mortgage Corp
—
—
Donald G Sweazey
—
Deed Of Trust
related
$150,000 · Lynnwood Mortgage Corp
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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