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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Residential income homes
9312 51st S Ave, Seattle, WA 98118-5341
Individually Owned
4-yr Hold
Property ID
US90-1616073
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,544 SF
Lot
0.17 ac (7,500 SF)
Zoning code
LR2 (M)
APN
806600-0046
UPID
US90-1616073
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.31M
Owner & transaction history
Ana Lugo · 4 yrs held
Ana Lugo
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
LR2 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+16.0%
Retail stores
$1.8M
+13.1%
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
$1,295,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
$1,260,000
6.5%
$1,165,000
7%
$1,080,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,610,000
Current use
AUTO REPAIR, GARAGE
$1,870,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,820,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$1,605,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$1,560,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,410,000
Change: -13% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,340,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10% · vs last sale $1.30M (Aug 27 2021)
Last sale anchor
$1.30M
Aug 27 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
$287 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,970
Tax year 2024
Assessed value
$1,283,000
Assessed 2023
Previous assessed
$1,283,000
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$337,500
Assessed improvement
$945,500
Land market value
$337,500
Improvement market value
$945,500
Total market value
$1,283,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
1
Units
4
Bathrooms
6
Total area
4,544 SF
Lot
0.17 ac (7,500 SF)
Zoning code
LR2 (M)
APN
806600-0046
UPID
US90-1616073
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
1
Units
4
Bathrooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Ana Lugo
Individual
Mailing address
22510 NE 2ND ST, SAMMAMISH, WA 98074-7145
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2021
$1,300,000
Ana Lugo
Lang Pham
Warranty Deed
$1,000,000 · Fairway Independent Mortgage Corp
Aug 27, 2021
—
Ana Lugo
Josue Cardona Gomez Royvin
Intrafamily Transfer
related
—
Mar 9, 2012
$288,100
Lang Pham
Bank Of Ny Mellon 2005-72
Grant Deed
—
Sep 21, 2011
$267,750
Bank Of Ny Mellon 2005-72
Recontrust Co NA
Trustees Deed
related
—
Dec 29, 2000
—
Roosevelt V Hubbard
Hubbard,carolyn A
Quit Claim Deed
related
$259,000 · Countrywide Home Loans INC
Dec 18, 1995
$141,657
Roosevelt V Hubbard
Brown,sanda A
Grant Deed
$9,046 · Seller
—
—
Roosevelt V Hubbard
—
Deed Of Trust
related
$25,000 · Statewide Mortgage
—
—
Roose V Hubbard
—
Deed Of Trust
related
$256,800 · Countrywide Home Loans INC
—
—
Roosevelt V Hubbard JR.
—
Deed Of Trust
related
$337,365 · Countrywide Home Loans INC
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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