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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Investment properties
9099 Seward Park S Ave Seattle, WA 98118-6095
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1674060
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1993
Construction
WOOD
Total area
2,420 SF
Lot
0.18 ac (7,926 SF)
Zoning code
NC2-55 (M)
APN
712930-4850
UPID
US90-1674060
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
-
Cadence Construction General Contractor
-
Umami Kushi Take-out & Catering Catering Service
-
Royal Strandz Hair Salon Nail Salon
-
Washington Alternative Medicine Alternative Medicine Practice
-
Hamilton Brandon Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$896k
Blend (final)
Blend
$900k
Owner & transaction history
Adal Shimelis · 5 yrs held
Adal Shimelis
since 2021
Last sale
$905,000
4 recorded transactions
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$995,000
+32.8%
Retail stores
$970,000
+29.4%
Office building
$855,000
+14.0%
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
$900,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$750,000
Current use
AUTO REPAIR, GARAGE
$995,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$970,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$855,000
Change: +14% · Conversion: Easy
MEDICAL BUILDING
$830,000
Change: +11% · Conversion: Easy
WAREHOUSE, STORAGE
$715,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $905k (Mar 3 2021)
Last sale anchor
$905k
Mar 3 2021
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
$372 / 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
$14,484
Tax year 2022
Assessed value
$804,700
Assessed 2022
Previous assessed
$804,700
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$594,400
Assessed improvement
$210,300
Land market value
$594,400
Improvement market value
$210,300
Total market value
$804,700
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
1993
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Total area
2,420 SF
Lot
0.18 ac (7,926 SF)
Zoning code
NC2-55 (M)
APN
712930-4850
UPID
US90-1674060
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Zoning NC2-55 (M) · permitted uses
NC2-55 (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
COMMERCIAL (GENERAL) Current
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$995,000
RETAIL STORES
Est. value
$970,000
OFFICE BUILDING
Est. value
$855,000
MEDICAL BUILDING
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$715,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1993
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Adal Shimelis
Individual
Mailing address
215 S TOBIN ST, RENTON, WA 98057-5356
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2021
$910,000
Adal Shimelis
9099 LLC
Warranty Deed
$330,000 · 9099 LLC
Jun 7, 2002
—
9099 LLC
Arson Trust
Quit Claim Deed
related
—
—
—
Michael L Arson
—
Deed Of Trust
related
$38,470 · 1st 2nd Mortgage Co Nj
—
—
Michael L Arson
—
Deed Of Trust
related
$85,000 · Enterprise Bank Of Bellevue
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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