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Property profile & analytics
OFF-MARKET
Assisted living facilities
7801 Rainier S Ave Seattle, WA 98118-4111
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0987910
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1994
Construction
WOOD
Total area
4,062 SF
Lot
0.15 ac (6,635 SF)
Zoning code
LR3 RC (M)
APN
144350-0060
UPID
US90-0987910
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
-
LA8 Chimney Inspection & Chimney Cleaning Serv. Home Health Care Service Service Establishment
-
4 Realty Inc 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
by Request
Owner & transaction history
Genet Mengesha · 1 yrs held
Genet Mengesha
since 2024
7 recorded transactions
Zoning & alternative use
LR3 RC (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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,830
Tax year 2022
Assessed value
$956,300
Assessed 2022
Previous assessed
$956,300
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$530,800
Assessed improvement
$425,500
Land market value
$530,800
Improvement market value
$425,500
Total market value
$956,300
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
Year built
1994
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Bathrooms
3
Total area
4,062 SF
Lot
0.15 ac (6,635 SF)
Zoning code
LR3 RC (M)
APN
144350-0060
UPID
US90-0987910
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR3 RC (M) · Seattle, WA
Zoning LR3 RC (M) · permitted uses
LR3 RC (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.
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Bathrooms
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Genet Mengesha
Individual
Mailing address
7801 RAINIER AVE S, SEATTLE, WA 98118-4111
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
$925,000
Genet Mengesha
William J Woods
Warranty Deed
$625,000 · William J Woods Etux
Apr 7, 2003
—
William J Woods
Woods,william J
Quit Claim Deed
related
$310,000 · First Savings Bank Renton
Sep 10, 1990
$70,000
William J Woods
Bacungan
Grant Deed
$23,800 · Seller
Dec 29, 1989
—
William J Woods
Evans,sandra
Quit Claim Deed
related
—
—
—
William J Woods
—
Deed Of Trust
related
$35,000 · Individual
—
—
William J Woods
—
Deed Of Trust
related
$437,000 · First Savings Bank
—
—
William J Wood
—
Deed Of Trust
related
$125,000 · Bank Of America
—
—
Allyson N Worden
—
Deed Of Trust
related
$25,000 · Key Bank NA
—
—
William J Woods
—
Deed Of Trust
related
$155,538 · Bank Of America
—
—
William J Woods
—
Deed Of Trust
related
$100,000 · Seattle Economic Dev Fund
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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