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Property profile & analytics
OFF-MARKET
Estimated value
$14,715,000
Assisted living facilities
900 University St Seattle, WA 98101-2797
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1473576
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1954
Construction
STEEL FRAME
Total area
425,151 SF
Lot
2.25 ac (97,903 SF)
Zoning code
HR (M)
APN
197820-0250
UPID
US90-1473576
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
-
Jones Kizzie E Church
-
Horizon House Retirement Community
-
Schiltz Anita C Physician
-
Northwest Center for Creative Aging Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.72M
Owner & transaction history
First Hill Of Eighth Avenue LLC · 13 yrs held
First Hill Of Eighth Avenue LLC
since 2013
5 recorded transactions
Zoning & alternative use
HR (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district promotes multi family uses, an area that provides a concentration of high density multifamily housing in a pedestrian-oriented neighborhood with convenient access to regional transit stations, and where the mix of activity provides convenient access to a full range of residential services and amenities and employment centers. M is the mandatory…
Zone name
Highrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
95.82 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
$35 / 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
$18,442
Tax year 2022
Assessed value
$183,572,200
Assessed 2022
Previous assessed
$183,572,200
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$56,294,200
Assessed improvement
$127,278,000
Land market value
$56,294,200
Improvement market value
$127,278,000
Total market value
$183,572,200
Applied tax rate
13.0000
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
1954
Construction
STEEL FRAME
Heating
HOT WATER
Stories
19
Units
487
Total area
425,151 SF
Lot
2.25 ac (97,903 SF)
Zoning code
HR (M)
APN
197820-0250
UPID
US90-1473576
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
HR (M) · Seattle, WAZoning HR (M) · permitted uses
HR (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, an area that provides a concentration of high density multifamily housing in a pedestrian-oriented neighborhood with convenient access to regional transit stations, and where the mix of activity provides convenient access to a full range of residential services and amenities and employment centers. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Highrise Mandatory Housing Affordability
General category
RESIDENTIAL
Zone area
95.82 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1954
Construction
STEEL FRAME
Heating
HOT WATER
Stories
19
Units
487
Lot
2.25 ac
Current owner
From public records · entity-resolved
First Hill Of Eighth Avenue LLC
Entity
Mailing address
900 UNIVERSITY ST, SEATTLE, WA 98101-2797
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2017
—
Horizon House
—
Deed
related
—
May 1, 2013
$100,000
First Hill Of Eighth Avenue LLC
Horizon House
Grant Deed
—
Oct 1, 2010
—
Horizon House
—
Deed Of Trust
related
$56,700,000 · Wells Fargo Bank
Oct 4, 2005
—
Horizon House
—
Deed Of Trust
related
$40,000,000 · Key Bank NA
—
—
Horizon House
—
Deed Of Trust
related
$2,000,000 · Key Bank NA
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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