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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Grocery and convenience stores
10359 51st S Ave, Seattle, WA 98178-2161
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1434426
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1933
Construction
WOOD
Total area
2,613 SF
Lot
0.21 ac (9,046 SF)
Zoning code
RCC
APN
547680-0181
UPID
US90-1434426
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
-
Checker's III Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$675k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Nabh Kanwal INC · 10 yrs held
Nabh Kanwal INC
since 2016
7 recorded transactions
Zoning & alternative use
RCC · 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%
$735,000
6.5%
$675,000
7%
$630,000
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$230 / 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
$6,821
Tax year 2022
Assessed value
$739,800
Assessed 2022
Previous assessed
$739,800
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$452,300
Assessed improvement
$287,500
Land market value
$452,300
Improvement market value
$287,500
Total market value
$739,800
Applied tax rate
2,430.0000
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
Status
Off-Market
Year built
1933
Construction
WOOD
Heating
SPACE
Stories
1
Total area
2,613 SF
Lot
0.21 ac (9,046 SF)
Zoning code
RCC
APN
547680-0181
UPID
US90-1434426
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RCC · Seattle, WA
Zoning RCC · permitted uses
RCC · 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
1933
Construction
WOOD
Heating
SPACE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Nabh Kanwal INC
Entity
Mailing address
4243 S 172ND ST, SEATAC, WA 98188-3632
Ownership since
2016
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
Dec 20, 2019
—
Nabh Kanwal INC
—
Deed
related
$550,000 · Columbia State Bank
Apr 25, 2016
$530,000
Nabh Kanwal INC
Ok Kim Hui
Warranty Deed
$730,000 · Commonwealth Business Bank
Jan 31, 2005
$380,000
Dong Chang Kim
Hee Young Lee
Warranty Deed
$280,000 · Pacific International Bank
Jul 31, 2003
$360,000
Hee Y Lee
Gant,floyd D & Blanche O
Grant Deed
$282,000 · Pacific International Bank
Dec 7, 2001
$283,500
Floyd D Gant
Fon,gim
Grant Deed
$198,450 · Interbay Funding LLC
—
—
Dong C Kim
—
Deed Of Trust
related
$249,000 · Americas Cu
—
—
Floyd D Gant
—
Deed Of Trust
related
$12,500 · Eng Trust
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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