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Property profile & analytics
OFF-MARKET
Turn key restaurants
10824 Vashon SW Hwy Vashon, WA 98070-3083
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0786489
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1954
Construction
WOOD
Total area
3,576 SF
Lot
0.15 ac (6,586 SF)
Zoning code
NB
APN
888700-0260
UPID
US90-0786489
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
-
Port Vashon Seaport
-
Mermaid Market Bakery Specialty Food Shop
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
Green Mermaid Corp · 4 yrs held
Green Mermaid Corp
since 2021
6 recorded transactions
Zoning & alternative use
NB · Vashon, 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 Vashon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vashon 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 2022Property tax & assessments
Tax year 2022
Tax billed
$16,041
Tax year 2022
Assessed value
$737,000
Assessed 2022
Previous assessed
$737,000
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$214,000
Assessed improvement
$523,000
Land market value
$214,000
Improvement market value
$523,000
Total market value
$737,000
Applied tax rate
4,050.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1954
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
3,576 SF
Lot
0.15 ac (6,586 SF)
Zoning code
NB
APN
888700-0260
UPID
US90-0786489
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Vashon, WA
Zoning NB · permitted uses
NB · Vashon, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vashon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1954
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Green Mermaid Corp
Entity
Mailing address
9428 SW 192ND ST, VASHON, WA 98070-6110
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2021
$1,000,000
Green Mermaid Corp
North Vashon Landing LLC
Land Contract
$965,000 · Not Available
May 4, 2018
—
Port Vashon LLC
—
Deed
related
$200,000 · Miscellaneous Govt Agcy
—
—
Port Vashon LLC
—
Deed Of Trust
related
$66,667 · Seattle Economic Dev Fund
—
—
Port Vashon LLC
—
Deed Of Trust
related
$100,000 · Key Bank NA
—
—
Port Vashon LLC
—
Deed Of Trust
related
$50,000 · Key Bank NA
—
—
Port Vashon LLC
—
Deed Of Trust
related
$200,000 · Miscellaneous Govt Agcy
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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