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Property profile & analytics
OFF-MARKET
Estimated value
$2,030,000
Retail space
999 Northlake Way Seattle, WA 98103-3422
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1685498
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Construction
WOOD
Total area
10,921 SF
Lot
1.29 ac (56,171 SF)
Zoning code
C2-30
APN
408880-4470
UPID
US90-1685498
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
-
All She Wrote Productions Publishing House
-
sounders roofing and construction Construction Company General Contractor
-
Haas Development & Construction Construction Company General Contractor
-
Cotchett Pitre & McCarthy, LLP Law Firm
-
VELOCIPEDE architects inc Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.03M
Owner & transaction history
Doc Freeman Building LLC · 10 yrs held
Doc Freeman Building LLC
since 2015
7 recorded transactions
Zoning & alternative use
C2-30 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.03M
Range $1.83M – $2.23M · ±10%
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
$186 / 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
$68,715
Tax year 2022
Assessed value
$8,203,100
Assessed 2022
Previous assessed
$8,203,100
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$2,575,800
Assessed improvement
$5,627,300
Land market value
$2,575,800
Improvement market value
$5,627,300
Total market value
$8,203,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
SPACE
Buildings
2
Stories
2
Total area
10,921 SF
Lot
1.29 ac (56,171 SF)
Zoning code
C2-30
APN
408880-4470
UPID
US90-1685498
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C2-30 · Seattle, WA
Zoning C2-30 · permitted uses
C2-30 · 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
1947
Construction
WOOD
Heating
SPACE
Stories
2
Buildings
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Doc Freeman Building LLC
Entity
Mailing address
1059 N NORTHLAKE WAY, SEATTLE, WA 98103-8832
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
—
Doc Freeman Building LLC
—
Deed
related
$1,830,000 · Columbia Bank
Oct 2, 2015
$2,190,750
Doc Freeman Building LLC
Stoppelman Family LLC
Bargain And Sale Deed
$2,200,000 · Opus Bank
Feb 23, 2015
—
Doc Freeman Building LLC
Freeman Mark H & Margaret H
Quit Claim Deed
related
—
Jan 16, 2015
—
Stoppelman Family LLC
Stoppelman Merry J
Quit Claim Deed
related
—
Jun 14, 2013
—
Stoppelman,patrick E Trust
Stoppelman Patrick E
Quit Claim Deed
—
Jun 25, 2003
—
Mark H Freeman
Bank Of America NA Trustee
Quit Claim Deed
related
—
Aug 18, 1989
—
Orrin H Freeman
Freeman,mary Mar
Quit Claim Deed
related
—
—
—
Freeman M Helmer
—
Deed Of Trust
related
$700,000 · Northstar Bank
—
—
Bank Of America
—
Deed Of Trust
related
$299,288 · Northstar Bank
—
—
Bank Of America NA Trustee
—
Deed Of Trust
related
$1,290,750 · Northstar Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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