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Property profile & analytics
OFF-MARKET
Estimated value
$7,480,000
Assisted living facilities
9236 Renton S Ave Seattle, WA 98118-5322
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1693279
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,410 SF
Lot
3.3 ac (143,656 SF)
Zoning code
LR2 (M)
APN
712930-5164
UPID
US90-1693279
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
-
Thunderbird Treatment Center Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.47M
Blend (final)
Blend
$7.48M
Owner & transaction history
Thunderbird Mbh Lllp · 5 yrs held
Thunderbird Mbh Lllp
since 2021
Last sale
$7.5M
4 recorded transactions
Zoning & alternative use
LR2 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+71.1%
Auto repair, garage
$6.8M
+34.2%
Retail stores
$6.6M
+30.8%
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
$7,470,000
ML approach
$7,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$5,030,000
Current use
RESTAURANT
$8,610,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,750,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$6,580,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,820,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$5,800,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$5,645,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,085,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$7.48M
Range $6.73M – $8.23M · ±10% · vs last sale $7.50M (Jan 29 2021)
Last sale anchor
$7.50M
Jan 29 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
$456 / 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
$12,127
Tax year 2022
Assessed value
$7,298,500
Assessed 2022
Previous assessed
$7,298,500
+0.0% YoY
Effective rate
0.17%
On assessed value
Assessed land
$6,464,500
Assessed improvement
$834,000
Land market value
$6,464,500
Improvement market value
$834,000
Total market value
$7,298,500
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
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
6
Stories
2
Total area
16,410 SF
Lot
3.3 ac (143,656 SF)
Zoning code
LR2 (M)
APN
712930-5164
UPID
US90-1693279
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LR2 (M) · Seattle, WA
Zoning 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
Seattle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$5.0M
RESTAURANT
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$6.8M
RETAIL STORES
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Buildings
6
Lot
3.3 ac
Current owner
From public records · entity-resolved
Thunderbird Mbh Lllp
Entity
Mailing address
2916 S MCCLELLAN ST, SEATTLE, WA 98144-5502
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
Jul 11, 2025
—
Thunderbird Mbh Lllp
—
Deed
related
$1,347,205 · City Of Seattle
Jan 29, 2021
$7,500,000
Thunderbird Mbh Lllp
Seattle Indian Health Board
Warranty Deed
$6,416,000 · City Of Seattle
Oct 11, 1990
$1,391,209
Indian Health Board Seattle
Phs Properties
Grant Deed
$1,196,400 · First Interstate Bank Washingt
—
—
Seattle Indian Health Board
—
Deed Of Trust
related
$790,000 · Us 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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