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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Retail space
7500 35th NE Ave Seattle, WA 98115-4811
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-0617946
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
WOOD
Total area
7,576 SF
Lot
0.23 ac (10,000 SF)
Zoning code
NC2P-40 (M)
APN
639200-0395
UPID
US90-0617946
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
-
(mend)bicycles (Bike/Boat/Book/etc) Store
-
Best of Hands Production Facility Brewery & Distillery
-
Silas Willoughby, FNP-BC, PMHNP-BC, MSN, APRN Medical Clinic
-
Sophie's Tacos Restaurant
-
GH Pasta and Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.72M
CAP Approach
CAP
$2.51M
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$2.52M
Owner & transaction history
Srec Real Estate Corop · 2 yrs held
Srec Real Estate Corop
since 2023
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
NC2P-40 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+29.6%
Commercial (general)
$3.8M
+25.0%
Auto repair, garage
$3.1M
+1.6%
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
$2,715,000
ML approach
$2,715,000
CAP Approach
CAP Return
Estimation
6%
$2,715,000
6.5%
$2,505,000
7%
$2,330,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,065,000
Current use
RESTAURANT
$3,975,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,835,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,115,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,685,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$2,675,000
Change: -13% · Conversion: Easy
MEDICAL BUILDING
$2,605,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±10% · vs last sale $2.50M (Aug 9 2023)
Last sale anchor
$2.50M
Aug 9 2023
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
$332 / 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
$22,206
Tax year 2022
Assessed value
$2,501,000
Assessed 2022
Previous assessed
$2,501,000
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$2,500,000
Assessed improvement
$1,000
Land market value
$2,500,000
Improvement market value
$1,000
Total market value
$2,501,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
7,576 SF
Lot
0.23 ac (10,000 SF)
Zoning code
NC2P-40 (M)
APN
639200-0395
UPID
US90-0617946
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-40 (M) · Seattle, WA
Zoning NC2P-40 (M) · permitted uses
NC2P-40 (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
RETAIL STORES Current
Est. value
$3.1M
RESTAURANT
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1925
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Srec Real Estate Corop
Individual
Free & Clear · 2 yrs held
Mailing address
7700 20TH AVE NE, SEATTLE, WA 98115-4404
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2023
—
Srec Real Estate Corop
Seattle Real Estate Corp
Quit Claim Deed
related
—
Mar 25, 2016
$2,500,000
Seattle Real Estate Corp
7500 Wedgewood LLC
Warranty Deed
$750,000 · Boeing Emps Cu
Oct 15, 2014
$2,050,000
7500 Wedgwood LLC
Arvid II Corp
Grant Deed
—
Nov 18, 1992
$285,000
Arvid II Corporation
Washington Mutua
Grant Deed
—
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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