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Property profile & analytics
FOR LEASE
Office buildings
9725 3Rd Ave NE Seattle, WA 98115
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1535203
For Lease
$12,358/Mo
9725 3Rd Ave NE, Seattle, WA 98115
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
CONCRETE
Total area
87,422 SF
Lot
3.21 ac (139,861 SF)
Zoning code
SM-NG 145
APN
243490-0020
UPID
US90-1535203
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
-
Northwest Asthma & Allergy Center Medical Clinic
-
Catherine Jhung Nutting, DPT Physician
-
Northwest Asthma & Allergy Center: Tiles Stephen A MD Physician Medical Clinic
-
Northwest Asthma & Allergy Center: Virant Frank S MD Physician Medical Clinic
-
Seattle Allergy & Asthma Research Institute Research Institute Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nicola Northoate LP · 4 yrs held
Nicola Northoate LP
since 2021
Last sale
$72.3M
7 recorded transactions
Zoning & alternative use
SM-NG 145 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$254,212
Tax year 2022
Assessed value
$28,066,000
Assessed 2022
Previous assessed
$28,066,000
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$20,979,100
Assessed improvement
$7,086,900
Land market value
$20,979,100
Improvement market value
$7,086,900
Total market value
$28,066,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1979
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
6
Total area
87,422 SF
Lot
3.21 ac (139,861 SF)
Zoning code
SM-NG 145
APN
243490-0020
UPID
US90-1535203
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-NG 145 · Seattle, WA
Zoning SM-NG 145 · permitted uses
SM-NG 145 · 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.
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
6
Lot
3.21 ac
Current owner
From public records · entity-resolved
Nicola Northoate LP
Entity
Mailing address
1400-1100 MELVILLE VANCOUVER BC CAN VE BC
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
$72,300,000
Nicola Northoate LP
Gateway Muirland INC
Deed
—
Dec 20, 2016
—
Gateway Muirland INC
—
Deed
related
$24,000,000 · Miscellaneous Ins Co
Nov 2, 1990
—
Thomas F Mcdonough
Mcdonough,thomas
Quit Claim Deed
related
$20,000 · Mcdonough Thomas F
Jun 30, 1989
$7,448,000
Byron R Meyer
Northgate Office
Grant Deed
—
—
—
Ronald D Gregory
—
Deed Of Trust
related
$101,038 · Bk Tacoma
—
—
Ronald D Gregory
—
Deed Of Trust
related
$636,000 · Rainier National Bank
—
—
Gateway Muirland INC
—
Deed Of Trust
related
$24,000,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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