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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Investment properties
8221 5th NE Ave Seattle, WA 98115-4190
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1372674
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,130 SF
Lot
0.13 ac (5,580 SF)
Zoning code
NC1-55 (M)
APN
206110-0085
UPID
US90-1372674
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
-
Innovative Plumber Solution Plumbing Service General Contractor
-
Ashley Manor Apartment Building
-
Knockout Homes Real Estate Agency
-
Raymond J. Sue, DC Alternative Medicine Practice
-
Columbia Partners Real Estate 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
$1.92M
Owner & transaction history
Etl Investments L L C · 7 yrs held
Etl Investments L L C
since 2018
7 recorded transactions
Zoning & alternative use
NC1-55 (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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$172 / 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
$38,051
Tax year 2022
Assessed value
$4,555,000
Assessed 2022
Previous assessed
$4,555,000
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$948,600
Assessed improvement
$3,606,400
Land market value
$948,600
Improvement market value
$3,606,400
Total market value
$4,555,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
CENTRAL
Stories
4
Units
14
Total area
11,130 SF
Lot
0.13 ac (5,580 SF)
Zoning code
NC1-55 (M)
APN
206110-0085
UPID
US90-1372674
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1-55 (M) · Seattle, WA
Zoning NC1-55 (M) · permitted uses
NC1-55 (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.
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
4
Units
14
Lot
0.13 ac
Current owner
From public records · entity-resolved
Etl Investments L L C
Entity
Mailing address
7700 20TH AVE NE, SEATTLE, WA 98115-4404
Ownership since
2018
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
Sep 19, 2025
—
Etl Investments LLC
—
Deed
related
$2,050,000 · Jpmorgan Chase Bank NA
Aug 24, 2018
$4,896,500
Etl Investments L L C
Bridger Development Co
Warranty Deed
$2,300,000 · Jpmorgan Chase Bank NA
May 7, 1998
—
Bridger Development Co
—
Grant Deed
related
$1,275,000 · Commerce Bank Of Washington
Jan 23, 1998
—
Pacific Pointe Partnership
Alton,rhoda & Cory
Grant Deed
related
—
Jan 16, 1998
$400,000
Bridger Development Co
Nor-pac Equities Consulting Ll
Grant Deed
—
Oct 31, 1997
—
Nor-pac Equites Consulting LLC
Pine Leaf Partnership
Quit Claim Deed
related
$105,000 · Key Bank NA
Apr 14, 1995
$166,000
Pine Leaf Partnership
Darby,frances B
Grant Deed
$80,000 · Commerce Bank Of Washington
—
—
Bridger Development Co
—
Deed Of Trust
related
$1,414,000 · Abn Amro Mortgage Group INC
—
—
Bridger Dev Co
—
Deed Of Trust
related
$1,625,000 · Sterling Savings Bank
—
—
Bridger Development Company
—
Deed Of Trust
related
$1,443,750 · Cascade Bank
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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