New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Turn key restaurants
102 Lakeside Ave, Seattle, WA 98122-6542
Entity Owned
23-yr Hold
Free & Clear
Property ID
US90-1450751
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1927
Construction
FRAME
Total area
8,285 SF
Lot
2.95 ac (128,628 SF)
Zoning code
NC1-40
APN
411460-1145
UPID
US90-1450751
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
-
Firedocks Park
-
USPS Drop Box Post Office
-
BluWater Bistro - Leschi Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Leschi Portners LLP · 23 yrs held
Leschi Portners LLP
since 2002
5 recorded transactions
Zoning & alternative use
NC1-40 · 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
$126 / 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
$203,899
Tax year 2024
Assessed value
$19,149,500
Assessed 2023
Previous assessed
$19,149,500
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$12,581,000
Assessed improvement
$6,568,500
Land market value
$12,581,000
Improvement market value
$6,568,500
Total market value
$19,149,500
Applied tax rate
13.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1927
Construction
FRAME
Heating
CENTRAL
Buildings
6
Stories
2
Total area
8,285 SF
Lot
2.95 ac (128,628 SF)
Zoning code
NC1-40
APN
411460-1145
UPID
US90-1450751
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC1-40 · Seattle, WA
Zoning NC1-40 · permitted uses
NC1-40 · 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
1927
Construction
FRAME
Heating
CENTRAL
Stories
2
Buildings
6
Lot
2.95 ac
Current owner
From public records · entity-resolved
Leschi Portners LLP
Entity
Free & Clear · 23 yrs held
Mailing address
PO BOX 3558, FEDERAL WAY, WA 98063-3558
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2025
—
Leschi Partners LLP
—
Deed
related
$12,660,000 · Gsf 2023 1 LLC
Aug 19, 2002
—
Leschi Portners LLP
Leschi Properties LP
Quit Claim Deed
related
—
—
—
Leavitt Thomas E
—
Deed Of Trust
related
$428,000 · American Residential Mortgage
—
—
Leschi Partners LLP
—
Deed Of Trust
related
$5,300,000 · Sun Life Assurance Co
—
—
Leschi Eatery INC
—
Deed Of Trust
related
$915,000 · Key Bank NA
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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