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Property profile & analytics
OFF-MARKET
Estimated value
$5,900,000
Day care centers
8701 Greenwood N Ave, Seattle, WA 98103-3615
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0723127
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,707 SF
Lot
0.75 ac (32,748 SF)
Zoning code
NC2P-55 (M)
APN
292070-0030
UPID
US90-0723127
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
-
Kiddie Academy of Seattle at Greenwood Daycare Center
-
Vu Hoang Pharmacy
-
John Gadbois Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.50M
Blend (final)
Blend
$5.90M
Owner & transaction history
8701 Greenwood LLC · 5 yrs held
8701 Greenwood LLC
since 2020
Last sale
$6.0M
6 recorded transactions
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.7M
+40.8%
Auto repair, garage
$6.1M
+10.4%
Office building
$5.8M
+6.2%
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
$5,830,000
ML approach
$5,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$5,485,000
Current use
RESTAURANT
$7,720,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,050,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$5,820,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,215,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$5,055,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$5.90M
Range $5.31M – $6.49M · ±10% · vs last sale $6.00M (Dec 23 2020)
Last sale anchor
$6.00M
Dec 23 2020
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
$401 / 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
$55,378
Tax year 2022
Assessed value
$6,059,300
Assessed 2022
Previous assessed
$6,059,300
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$6,058,300
Assessed improvement
$1,000
Land market value
$6,058,300
Improvement market value
$1,000
Total market value
$6,059,300
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
14,707 SF
Lot
0.75 ac (32,748 SF)
Zoning code
NC2P-55 (M)
APN
292070-0030
UPID
US90-0723127
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Zoning NC2P-55 (M) · permitted uses
NC2P-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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$5.5M
RESTAURANT
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$5.1M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
8701 Greenwood LLC
Entity
Mailing address
8701 GREENWOOD AVE N, SEATTLE, WA 98103-3615
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
—
8701 Greenwood LLC
—
Deed
related
$10,250,000 · Peoples Bank
Jan 6, 2023
—
8701 Greenwood LLC
—
Deed
related
$4,100,000 · Peoples Bank
Dec 23, 2020
$6,000,000
8701 Greenwood LLC
Dexter Place Associates
Warranty Deed
$5,850,000 · Dexter Place Associates
Jun 25, 1997
$3,350,000
Dexter Place Associates
Village/seattle Partners
Grant Deed
$2,100,000 · Seller
Dec 15, 1993
—
Texaco Refining
J&s Petroleum In
Quit Claim Deed
related
—
—
—
Village/seattle Parnters
—
Deed Of Trust
related
$2,226,000 · Bank One Arizona
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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