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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Residential income homes
8116 8th S Ave Seattle, WA 98108-4337
Individually Owned
19-yr Hold
Free & Clear
Property ID
US90-0815367
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1902
Construction
WOOD
Total area
5,577 SF
Lot
0.29 ac (12,500 SF)
Zoning code
RSL (M)
APN
732790-0930
UPID
US90-0815367
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Michael H Monroe · 19 yrs held
Michael H Monroe
since 2007
7 recorded transactions
Zoning & alternative use
RSL (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
$148 / 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
$8,757
Tax year 2022
Assessed value
$892,300
Assessed 2022
Previous assessed
$892,300
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$437,500
Assessed improvement
$454,800
Land market value
$437,500
Improvement market value
$454,800
Total market value
$892,300
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1902
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Total area
5,577 SF
Lot
0.29 ac (12,500 SF)
Zoning code
RSL (M)
APN
732790-0930
UPID
US90-0815367
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RSL (M) · Seattle, WA
Zoning RSL (M) · permitted uses
RSL (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
1902
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Michael H Monroe
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 31411, SEATTLE, WA 98103-1411
Ownership since
2007
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
May 21, 2007
—
Michael H Monroe
Sikov,peter H & Helen J
Warranty Deed
—
Oct 8, 2004
$79,646
Michael H Monroe
Monroe,t H III
Quit Claim Deed
related
—
Jul 29, 2002
—
Thomas H Monroe
Monroe,donna M
Quit Claim Deed
related
—
Apr 3, 2001
$410,000
Michael H Monroe
Sikov,peter H & Helen J
—
$410,000 · Peter H & Helen J
Feb 2, 1993
$240,000
Peter Sikov
Jayem INC
Grant Deed
$105,600 · Seller
—
—
Peter H Sikov
—
Deed Of Trust
related
$178,400 · Individual
—
—
Michael H Monroe
—
Deed Of Trust
related
—
—
—
Peter H Sikov
—
Deed Of Trust
related
$150,000 · Evergreenbank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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