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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Office buildings
7500 Roosevelt NE Way Seattle, WA 98115-4221
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0445509
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Construction
WOOD
Total area
4,300 SF
Lot
0.22 ac (9,700 SF)
Zoning code
NC2-55 (M)
APN
297980-1390
UPID
US90-0445509
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
-
Real Property Associates Real Estate Agency
-
Marie Macon Real Estate Real Estate Agency
-
Doug Holman Real Estate Agency
-
Jenny Bouffiou, Real Estate Broker Real Estate Agency
-
NW Estate Team Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$945k
Owner & transaction history
Dark Eye LLC · 13 yrs held
Dark Eye LLC
since 2012
7 recorded transactions
Zoning & alternative use
NC2-55 (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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,520,000
Current use
MEDICAL BUILDING
$1,480,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,270,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10%
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
$220 / 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
$17,210
Tax year 2022
Assessed value
$1,892,500
Assessed 2022
Previous assessed
$1,892,500
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,891,500
Assessed improvement
$1,000
Land market value
$1,891,500
Improvement market value
$1,000
Total market value
$1,892,500
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
1924
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Total area
4,300 SF
Lot
0.22 ac (9,700 SF)
Zoning code
NC2-55 (M)
APN
297980-1390
UPID
US90-0445509
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Zoning NC2-55 (M) · permitted uses
NC2-55 (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
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
OFFICE BUILDING Current
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
1924
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Dark Eye LLC
Entity
Mailing address
7500 ROOSEVELT WAY NE, SEATTLE, WA 98115-4221
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2019
—
Dark Eye LLC
—
Deed
related
$2,700,000 · First Sec Bk/wa
Jun 15, 2017
—
Dark Eye LLC
—
Grant Deed
related
$1,850,000 · First Sec Bk/wa
Jul 31, 2012
$1,400,000
Dark Eye LLC
7500 Roosevelt LLC
Warranty Deed
$1,300,000 · Real Property Funding Group LLC
Aug 20, 2010
—
7500 Roosevelt Way LLC
—
Deed Of Trust
related
$1,500,000 · Sterling Savings Bank
Oct 13, 2009
—
7500 Roosevelt Way LLC
—
Deed Of Trust
related
$2,864,000 · Sterling Savings Bank
Jun 30, 2008
—
7500 Roosevelt Way LLC
Gordon S Stephenson
Correction Deed
related
—
Jun 20, 2008
—
7500 Roosevelt Way LLC
Stephenson,gordon S & Mary M
Quit Claim Deed
related
—
Nov 29, 2004
—
Gordon Stephenson
Tec Holdings Xxv LLC
Quit Claim Deed
related
—
Jul 30, 2004
$1,000,000
Tec Holdings Xxv LLC
Teichen,tr
Grant Deed
related
$819,238 · Evergreenbank
—
—
Dark Eye LLC
—
Deed Of Trust
related
$2,700,000 · First Sec Bk/wa
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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