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Property profile & analytics
OFF-MARKET
Estimated value
$2,910,000
Retail space
9600 15th SW Ave Seattle, WA 98106-2820
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1114385
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,480 SF
Lot
0.74 ac (32,168 SF)
Zoning code
CBSO
APN
320380-0005
UPID
US90-1114385
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
-
Bartell Drugs Pharmacy Pharmacy
-
Jiyeun Lee, PharmD Pharmacy
-
Quynh-Anh Nguyen Pharmacy
-
Savoth Phin Pharmacy
-
Lauren Hall Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.87M
Comparable Approach
Comparable
$2.68M
Blend (final)
Blend
$2.91M
Owner & transaction history
Carmen Foods LLC · 1 yrs held
Carmen Foods LLC
since 2024
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
CBSO · 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
$3,970,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,100,000
6.5%
$2,865,000
7%
$2,660,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,425,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$4,410,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$4,290,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.62M – $3.20M · ±10% · vs last sale $3.05M (Apr 18 2024)
Last sale anchor
$3.05M
Apr 18 2024
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
$233 / 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
$51,072
Tax year 2022
Assessed value
$4,386,700
Assessed 2022
Previous assessed
$4,386,700
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,125,800
Assessed improvement
$3,260,900
Land market value
$1,125,800
Improvement market value
$3,260,900
Total market value
$4,386,700
Applied tax rate
3,850.0000
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
12,480 SF
Lot
0.74 ac (32,168 SF)
Zoning code
CBSO
APN
320380-0005
UPID
US90-1114385
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CBSO · Seattle, WA
Zoning CBSO · permitted uses
CBSO · 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)
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Carmen Foods LLC
Entity
Mailing address
11425 CULL CYN RD SW, CASTRO VALLEY, CA 94552-9555
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2025
—
Carmen Foods LLC
—
Deed
related
$2,325,000 · Heritage Bank
Jul 18, 2024
$3,050,000
Carmen Foods LLC
Skyland LLC
Warranty Deed
$2,000,000 · Seattle Funding Group Ltd
Feb 22, 2022
$5,125,000
Skyland LLC
Sosea Drugstore LLC
Warranty Deed
—
Mar 14, 2017
$4,100,000
Sosea Drugstore LLC
Searox LLC
Warranty Deed
$3,000,000 · Boeing Emps Cu
Nov 1, 2006
$3,600,000
Searox LLC
Hbc White Center LLC
Warranty Deed
—
Nov 22, 2005
—
Hbc White Center LLC
Bartell Drug
Warranty Deed
—
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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