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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Retail space
8709 15th NW Ave Seattle, WA 98117-3502
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0650163
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
WOOD
Total area
4,060 SF
Lot
0.18 ac (7,920 SF)
Zoning code
NC2P-55 (M)
APN
330070-0785
UPID
US90-0650163
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
-
Good - Asian Massage Seattle Alternative Medicine Practice Spa & Massage Center
-
National Bird Control Bird Control Service
-
Good Massage Alternative Medicine Practice Spa & Massage Center
-
Oriental Good Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$790k
Owner & transaction history
City Of Seattle · 5 yrs held
City Of Seattle
since 2020
7 recorded transactions
Zoning & alternative use
NC2P-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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Blend value · Realmo final
$790k
Range $711k – $869k · ±10%
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
$195 / 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
$14,056
Tax year 2022
Assessed value
$1,545,400
Assessed 2022
Previous assessed
$1,545,400
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,544,400
Assessed improvement
$1,000
Land market value
$1,544,400
Improvement market value
$1,000
Total market value
$1,545,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
HOT WATER
Stories
1
Total area
4,060 SF
Lot
0.18 ac (7,920 SF)
Zoning code
NC2P-55 (M)
APN
330070-0785
UPID
US90-0650163
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.
Building & site characteristics
From public records
Year built
1959
Construction
WOOD
Heating
HOT WATER
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
City Of Seattle
Entity
Mailing address
15720 68TH AVE W, EDMONDS, WA 98026-4509
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2020
—
City Of Seattle
Lakeside Office LLC
Grant Deed
—
Jun 1, 2018
$1,600,000
Lakeside Office LLC
8709 LLC
Warranty Deed
—
Dec 13, 2017
—
8709 LLC
—
Deed
related
$475,974 · Real Property Funding Group LLC
Sep 2, 2015
$900,000
8709 LLC
Mark S Balcos
Warranty Deed
$700,000 · Mark Balcos
Mar 5, 1997
$340,000
Balcos,mark S
R C Burrill & Associates INC
Trustees Deed
$306,000 · Seller
Feb 26, 1997
—
R C Burrill & Associates INC
Burrill,robert C & Carla J
Quit Claim Deed
related
—
—
—
Mark S Balcos
—
Deed Of Trust
related
$2,000,000 · Gregory R Bloomfield
—
—
Mark S Balcos
—
Deed Of Trust
related
$627,500 · Ge Capital Small Business Finl
—
—
Mark S Balcos
—
Deed Of Trust
related
$175,066 · Viking Community Bank
—
—
Mark S Balcos
—
Deed Of Trust
related
$240,000 · Northstar Bank
—
—
Mark S Balcos
—
Deed Of Trust
related
$100,000 · Northstar Bank
—
—
Mark S Balcos
—
Deed Of Trust
related
$77,650 · Equicredit Mortgage Loan Co
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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