Back to Search
Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1014 Milton Way Milton, WA 98354-8863
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-3348726
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1971
Construction
WOOD FRAME
Total area
1,262 SF
Lot
0.2 ac (8,625 SF)
Zoning code
MX
APN
5985001390
UPID
US90-3348726
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
-
MILTON SPIRIT GAS STATION Gas Station
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
Seabreeze Hopi Corp · 20 yrs held
Seabreeze Hopi Corp
since 2006
7 recorded transactions
Zoning & alternative use
MX · Milton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the mixed use town center district is to encourage the development of a compact town center within the city of Milton, in furtherance of the goals of the comprehensive plan. It is envisioned that this town center will contain a mixture of land uses which will promote pedestrian access and small-scale shops and services within walking distance…
Zone name
Mixed Use Town Center District
General category
MIXED_USE
Zone area
13.43 ac
Source
Realmo
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,548
Tax year 2024
Assessed value
$354,300
Assessed 2024
Previous assessed
$354,300
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$216,400
Assessed improvement
$137,900
Land market value
$216,400
Improvement market value
$137,900
Total market value
$354,300
Applied tax rate
79.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1971
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
1,262 SF
Lot
0.2 ac (8,625 SF)
Zoning code
MX
APN
5985001390
UPID
US90-3348726
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MX · Milton, WAZoning MX · permitted uses
MX · Milton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the mixed use town center district is to encourage the development of a compact town center within the city of Milton, in furtherance of the goals of the comprehensive plan. It is envisioned that this town center will contain a mixture of land uses which will promote pedestrian access and small-scale shops and services within walking distance of residential areas
Zone name
Mixed Use Town Center District
General category
MIXED_USE
Zone area
13.43 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1971
Construction
WOOD FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Lot
0.2 ac
Current owner
From public records · entity-resolved
Seabreeze Hopi Corp
Entity
Mailing address
1014 MILTON WAY, MILTON, WA 98354-8863
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2006
$405,000
Seabreeze Hopi Corp
Garcha Ents INC
Warranty Deed
$199,500 · Jesse & Anne Portugal
Jul 5, 1989
$45,600
John P Boylan
Unknown
Grant Deed
$42,408 · Seller
—
—
Garcha Ents INC
—
Deed Of Trust
related
$25,000 · Associated Petroleum Products
—
—
Seabreeze Hopi Corp
—
Deed Of Trust
related
$50,000 · Massoud Forghani
—
—
Seabreeze Hopi Corp
—
Deed Of Trust
related
$20,250 · A Kalchick Realty INC
—
—
Garcha Ents INC
—
Deed Of Trust
related
$250,000 · Key Bank NA
—
—
John P Boylan
—
Deed Of Trust
related
$7,310 · Individual
—
—
Seabreeze Hopi Corp
—
Deed Of Trust
related
$231,740 · Maxim Commercial Capital LLC
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?”
You own 1014 Milton Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
