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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Retail space
1041 King St, Seattle, WA 98104-3020
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-3278173
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,220 SF
Lot
0.14 ac (6,000 SF)
Zoning code
DMR/C 75/75-170
APN
817010-0245
UPID
US90-3278173
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
-
Evergreen New Life Insurance Agency Insurance Agency
-
Ageless O' Beauty Big Box & Wholesale Store
-
Lucky An Dong Co. Grocery & Convenience Store Food Market
-
Mai Luc - COUNTRY Financial Agent Insurance Agency
-
Anh Shenh (Bike/Boat/Book/etc) Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Thuan Hing LLC · 7 yrs held
Thuan Hing LLC
since 2018
4 recorded transactions
Zoning & alternative use
DMR/C 75/75-170 · 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%
$2,045,000
6.5%
$1,885,000
7%
$1,750,000
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±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
$170 / 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
$13,414
Tax year 2022
Assessed value
$1,510,800
Assessed 2022
Previous assessed
$1,510,800
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,350,000
Assessed improvement
$160,800
Land market value
$1,350,000
Improvement market value
$160,800
Total market value
$1,510,800
Applied tax rate
11.0000
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
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
8,220 SF
Lot
0.14 ac (6,000 SF)
Zoning code
DMR/C 75/75-170
APN
817010-0245
UPID
US90-3278173
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DMR/C 75/75-170 · Seattle, WA
Zoning DMR/C 75/75-170 · permitted uses
DMR/C 75/75-170 · 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
1911
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Thuan Hing LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1926 S GRAHAM ST, SEATTLE, WA 98108-2992
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2018
—
Thuan Hing LLC
Van Luc,vu
Quit Claim Deed
related
—
Jun 21, 2006
$450,000
Vu V Luc
Tai Tung INC
Warranty Deed
—
—
—
Tai Tung INC
—
Deed Of Trust
related
$50,316 · Key Bank NA
—
—
Tai Tung INC
—
Deed Of Trust
related
$882,000 · Key Bank Of Washington
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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