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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Assisted living facilities
8511 15th NE Ave Seattle, WA 98115-3101
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1549177
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2017
Construction
WOOD
Total area
71,461 SF
Lot
1.3 ac (56,771 SF)
Zoning code
LR2 (M)
APN
510040-0245
UPID
US90-1549177
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
-
Aegis Living Ravenna Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
Asc Ravenna LLC · 11 yrs held
Asc Ravenna LLC
since 2015
7 recorded transactions
Zoning & alternative use
LR2 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multi family uses in a variety of multifamily housing types, in multifamily neighborhoods of low scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
1,438.75 ac
Source
Realmo
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
$30 / 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
$174,878
Tax year 2022
Assessed value
$20,947,600
Assessed 2022
Previous assessed
$20,947,600
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$9,651,000
Assessed improvement
$11,296,600
Land market value
$9,651,000
Improvement market value
$11,296,600
Total market value
$20,947,600
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
2017
Construction
WOOD
Heating
GAS
Cooling
AC.PACKAGE
Buildings
2
Stories
3
Total area
71,461 SF
Lot
1.3 ac (56,771 SF)
Zoning code
LR2 (M)
APN
510040-0245
UPID
US90-1549177
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR2 (M) · Seattle, WAZoning LR2 (M) · permitted uses
LR2 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district promotes multi family uses in a variety of multifamily housing types, in multifamily neighborhoods of low scale and density. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Lowrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
1,438.75 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2017
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
3
Buildings
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
Asc Ravenna LLC
Entity
Mailing address
415 118TH AVE SE, BELLEVUE, WA 98005-3518
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
—
Asc Ravenna LLC
—
Deed
related
$49,420,000 · Pnc Bank NA
Jun 23, 2016
—
Asc Ravenna LLC
—
Deed
related
—
Jan 8, 2015
$4,235,000
Asc Ravenna LLC
Greenwood Equity Capital II LLC
Bargain And Sale Deed
$2,704,000 · Washington Trust Bank
Mar 5, 2013
$2,367,397
Equity Capital-ii Ll Greenwood
Rainier Foreclosure Svcs
Trustees Deed
related
—
Oct 1, 2010
$954,000
Prescott Homes INC
Menachem Mendel Seattle Cheder
Warranty Deed
$2,041,000 · Construction Opportunity Ptrs
Sep 10, 2009
$5,700
Qwest Corp
Menachem,mendel Seattle Cheder
Grant Deed
—
Jul 20, 2009
$3,425,000
Menachem Mendel Seattle Cheder
Seattle-king Cnty Council Of Camp
Warranty Deed
$425,000 · Camp Fire USA Central Puget So
Dec 23, 2004
—
Fire USA Ctrl Puget Sound Camp
—
Trustees Deed
related
$750,000 · Cascade Bank
—
—
Fire USA Ctrl Puget Sound Camp
—
Deed Of Trust
related
$1,500,000 · Cascade Bank
—
—
Central Puget Sound Council Of Ca
—
Deed Of Trust
related
$300,000 · Commerce Bank Of Washington
—
—
Central Puget Sound Council Of
—
Deed Of Trust
related
$700,000 · Bank Of America
—
—
Menachem Mendel Seattle Cheder
—
Deed Of Trust
related
$60,000 · Samis Foundation
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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